Foreign Trade Zone Sites - Site Location: Streetsboro, Ohio
FTZ Basics - What is a Foreign-Trade Zone?
A foreign-trade zone (FTZ) is a site within the United States aligned with a U.S. Customs port of entry where merchandise is considered to be in the stream of international commerce. Companies can save money on tariffs and compete more effectively in the global market place.
| Foreign and domestic merchandise may enter the zone without a formal customs entry or the payment of customs duties and be exempt from federal and state use/excise and personal property taxes. There are two types of zones—general purpose and sub-zone. A general purpose zone includes multiple activities by multiple users, like an industrial park. A sub-zone is a one user plant or facility.
What Are the Benefits?
- Deferral, reduction, elimination of duties
- Elimination of drawback
- Labor overhead and profit not calculated in dutiable sale of zone merchandise
- Excise tax reductions
- Inventory is tax exempt while stored in an activated FTZ
- Zone to zone transfers
- Inventory control and security measures
- Weekly entry for manufacturers
- Direct delivery
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Who Locates in a FTZ?
Any company that imports or exports products can benefit significantly from a location in FTZ #181. Auto assembly, petrochemical, electronics, warehousing, food products and other companies take advantage of FTZ savings.
FTZ 181 Site Location: Streetsboro, Ohio
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Site Details
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Owner/Developer
Geis Companies |
Listing Broker:
N/A |
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Site Contact:
Gregory Geis See Below |
Location: Intersection of I 480, I 80 & SR 14 |
Street Address:
10020 Aurora-Hudson Road |
Total Size (Acres):
149 |
FTZ Acres Available
100 |
Price Per Acre:
$75,000 |
| Zoning: Industrial, Research & Office |
Zoning Jurisdiction:
City of Streetsboro |
Utilities:
In place |
Access Street: Mondial Pkwy & Phillip Pkwy. |
Click here to see an aerial view
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| Highway Access: Less than 1 mile to I-480, I-80 & SR 14 |
Rail Access:
W&LE Railway
Interstate Commerce Ctr. |
Rail Spur In Place:
No |
Enterprise Zone:
Yes |
Foreign Trade Zone:
Yes |
Community Reinvestment Area: No |
| Notes: Build to suit, lease or purchase. |
Site Information & Build to Suit:
Contact: Gregory Geis
Geis Companies
10020 Aurora-Hudson Road
Streetsboro, OH. 44241
Phone: (330) 528-3500 Fax: (330) 528-0008
E-mail sales@geis-companies.com
Web Site: www.geis-companies.com |
Community Information & Incentives
Contact: Bradford R. Ehrhart
E-mail: behrhart@portagedevbd.org
Portage Development Board
217 S. Chestnut St.
Ravenna, Ohio 44266
Phone: (330) 297-3470 Fax: (330) 297-3472
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Foreign-Trade Zone (FTZ) #181 makes good sense. Would your business benefit from a Foreign Trade Zone, or sub-zone location? Contact Ron DeBarr at NEOTEC for a free FTZ benefit analysis. PH: 330-672-4080. E-mail: NEOTEC@kent.edu Visit the NEOTEC web site at: www.neotec.org for more details about FTZ 181.