Federal Incentive - Foreign Trade-Zone Program
Orange County, NY is host to Foreign Trade Zone #37
What is a Foreign-Trade Zone Program? The Foreign-Trade Zone Program was established by Congress under the FTZ Act of 1934. Its purpose is to “expedite and encourage foreign commerce” with the intent to stimulate international trade while creating jobs and investment in the United States. Approval for participation in the Foreign Trade-Zone Program affords the user an exemption to the tariff schedule of the United States, allowing the deferral, reduction or elimination of duties paid on imported materials and goods in exchange for sustained or increased jobs and investment in the U.S.
