Benefits of a FTZ for Economic Developers

Foreign Trade Zones are one more economic development tool in the toolbox for cities, counties and states to lure manufacturers into their communities. FTZs offer significant advantages to businesses and communities, fostering economic growth and attracting investment.

Key Benefits of FTZs for Economic Development:

• Job Creation: FTZs encourage businesses to expand operations and create new jobs within your community.
• Attract Investment: FTZs make your region more attractive to both domestic and international investors by offering reduced tariffs and streamlined logistics.
• Boost Local Economy: By supporting local businesses in reducing costs and improving cash flow, FTZs help strengthen the local economy.
• Enhance Competitiveness: FTZs provide businesses with a competitive edge in the global marketplace, making our region a hub for trade and commerce.
• Infrastructure Development: The establishment of FTZs often leads to improvements in local infrastructure, benefiting the entire community.

The WTC Denver helps economic developers leverage FTZs to drive regional growth. As the Grantee of FTZ#123, our team provides support to existing and prospective companies, from initial feasibility studies to support with FTZ Board applications. The WTC Denver also conducts various training and webinars on the importance of FTZs as well as various other topics of global trade.
Contact us today to learn more about the economic development benefits of FTZs.