FOREIGN-TRADE ZONE #189
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 enhance competitiveness of West Michigan by encouraging companies to maintain and expand their operations in the region by utilizing the benefits of 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:
- Magnet Sites
- Usage-Driven Sites or "Subzones"
- KOM FTZ Tariff Fee Schedule
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
- Re-Exporting Rejected Merchandise before payment of duty
- Simple Assembly
- 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 Magnet Site
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.
Usage-Driven Sites or "Subzones"
A designated zone established for an individual company for a particular purpose at their location when the firm’s activity cannot be accommodated inside a Magnet Site. Usage -driven sites or “subzones” must receive written approval from an existing Magnet Site Grantee prior to submitting an application to the National FTZ Board.
Kent-Ottawa-Muskegon FTZ has one activated usage-driven site or “subzone." To learn more about usage-driven sites or “subzones” click the link “Facts about Foreign-Trade Usage-Driven Sites.”
- 3/18/2009 Wolverine World Wide receives federal Free Trade Zone designation
- 3/19/2009 Wolverine World Wide warehouses get foreign-trade zone status
Page last modified June 27, 2014