Foreign Trade Zones (FTZ)
Foreign Trade Zones (FTZs) were created by the federal government in 1934 and are neutral, secured areas legally outside of U.S. Customs’ territory. Products in an FTZ are protected from taxation and duty charges. In an FTZ, your products and materials can be stored, manufactured, repackaged, or exhibited in a U.S. Customs Bonded Warehouse to qualify for a lower duty or upon re-export, to eliminate duty entirely. There are several locations in Franklin County with FTZ designations including small portions on the south end of Chambersburg, the portions of the Cumberland Valley Business Park, and United Business Park in Shippensburg.Visit Website
For a complete listing of potential economic development incentive programs, please visit www.newpa.com.
Note: Certain programs are subject to funding availability, approval, and job creation requirements. All programs require an application in order to access funds.