KENT-OTTAWA-MUSKEGON FOREIGN-TRADE ZONE #189
The KOM-FTZ is a tool used to stimulate economic growth and development in West Michigan. 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 federal tool.
For West Michigan companies involved in international trade, the FTZ provides a means of improving their competitive position from their global counterparts. 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 - Multiple zone users inside public utility locations.
- Usage-Driven Sites or "Subzones" - One user per FTZ project.
- KOM FTZ Tariff Fee Schedule
These designated sites/locations are open to the public which allows multiple users to take advantage of benefits:
- 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
Magnet sites are ready for use by any business as soon as there is a need and proper procedures are followed. There is no waiting period.
Usage-Driven Sites or "Subzones"
A designated zone established for an individual company for a particular purpose at a specified location. These types are used when the firms activity cannot be accommodated inside a Magnet Site. Usage -driven sites or subzones must receive written support of its project from the Grantee and Customs Border Protection Port Director prior to submitting an application to the National FTZ Board.
Kent-Ottawa-Muskegon FTZ has several activated usage-driven sites and/or "subzones." To learn more about usage-driven sites or "subzones" click the link Facts about Foreign-Trade Usage-Driven Sites.