Northwest Iowa is now a foreign-trade zone. In November 2013, the six-county Northwest Iowa Economic Development organization received a grant of authority from the U.S. Foreign-Trade Zones Board under the U.S. Customs and Border Protection. This is only the fourth foreign-trade zone established in Iowa and the first in a rural area of the state.
Designation as a foreign-trade zone is expected to help attract investment and boost trade in our Region.
We held a seminar on Wednesday May 21st, 2014 to help businesses evaluate their potential benefit from our foreign-trade zone status.
View the PowerPoint slides from the seminar:
View videos from the seminar here.
A foreign-trade zone is a designated location in the United States where companies can use special procedures that help encourage U.S. activity and value added - in competition with foreign alternatives - by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings.
Foreign Trade Zones benefit the public by:
Foreign Trade Zones benefit the users by:
If you have questions about the Foreign Trade Zone designation or how your business can benefit, contact Dan Janssen (866) 384-2665 or email@example.com.