Business & Community Resources

Foreign Trade Zones

 

Companies located in Racine County have access to several Foreign Trade Zones

 

Foreign Trade Zones provide a myriad of economic advantages for businesses involved in international trade. Primarily, merchandise may be manipulated, used in a manufacturing process, inspected, combined with other domestic or foreign materials, displayed for sale and/or re-exported without payment of duty. Savings on personal property, sales and use taxes are possible since state and local governments generally do not impose such taxes on items in an FTZ. Additional savings on interest, labor and shipping costs may also result.

 

There are three approved general purpose foreign trade zones in Wisconsin, including FTZ No. 41 in Milwaukee and FTZ No. 266 in Dane County that are located near Racine County.  Racine County companies can also utilize FTZ No. 22 and FTZ No. 125 in Chicago.