|The KOM-FTZ is an economic development tool used to stimulate economic growth and development in the West Michigan area. The KOM-FTZ is designed to promote West Michigan competitiveness by encouraging companies to maintain and expand their operations in West Michigan by utilizing this tool.
For West Michigan companies involved in international trade, the FTZ provides a means of improving their competitive position vis-à-vis their counterparts abroad. The fundamental benefit offered by the FTZ program is the ability to defer, reduce or even eliminate Customs duties on products admitted to the zone.
There are two types of foreign-trade zones:
General Purpose Zones
One or more central locations open to the general public in which multiple users may conduct a variety of business activities such as:
Inspection of Imported Merchandise
Storage & Distribution
Duty-Free Manipulation of Imported Goods
Creation of Inverted Tariffs
These zones can be used by any business as soon it has a need. There is no waiting period.
Operator of KOM General Purpose Zone Columbian Logistics Network is an operator for the KOM. For General Purpose Zone usage rates, please contact Columbian Logistics at (616) 514-6000 or from the link to their website.
More details, General Purpose Zones
Columbian Logistics Network
Established for an individual company for a particular purpose at their location when the firms activity cannot be accommodated inside a General-Purpose Zone. Subzones must receive written approval from an existing General Purpose Zone Grantee prior to submitting an application to the National FTZ Board.
Kent-Ottawa-Muskegon FTZ has one actived subzone. To learn more about subzones go to the link on “Facts about Foreign-Trade Subzones”
Facts about Foreign-Trade Subzones
Wolverine World Wide, Inc.