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Cincinnati Mayor John Cranley and Boone County, Ky. Judge-Executive Gary Moore provide regional leadership that contribute to a vibrant business community in Greater Cincinnati and Northern Kentucky region and place it near the top of growth regions nationally.
A foreign-trade zone (FTZ) is a geographical area in the United States where commercial merchandise — both domestic and foreign — receives the same Customs treatment it would if it were outside the commerce of the United States. Merchandise may be held within a FTZ without being subject to tariffs (customs duties) and other ad valorem taxes, providing tariff and tax relief to U.S.-based operations engaged in international trade. Two foreign trade zones are located in the Greater Cincinnati area.
Foreign Trade Zone 46 (Cincinnati and Southwest Ohio)
The types of warehousing and distribution activities found within FTZ 46 include the distribution of civil aircraft engine modules and containers, the production of engines for automobiles, and related parts and accessories; and aircraft/spacecraft and manufacturing and machine assembly operations. All FTZ 46 operators reported increases in the value of Merchandise Received and Merchandise Forwarded over the prior year.
Foreign Trade Zone 47 (Northern Kentucky)
The types of warehousing and distribution activities found within FTZ 47 include the distribution of civil aircraft and marine engine modules and containers, the production of petroleum products; and distribution of various textile products. All FTZ 47 operators reported moderate to significant increases in the value of Merchandise Received and Merchandise Forwarded over the prior year.
Welcome to Greater Cincinnati, a diverse and distinctly international place to live, visit and conduct business. Our region is a connection point to the world – our location and business environment make us a superior place for global trade, logistics and manufacturing operations to flourish. Greater Cincinnati’s FTZ 46 is another great reason to locate or expand here – it is an effective tool for companies to realize savings and improve competitive position through reduction or elimination of Customs duties on products admitted into the zone.
In Northern Kentucky, our legacy of international partnership has expanded our horizons and delivered prosperity. Our region is a hub of manufacturing innovation and home to many advanced manufacturing facilities, including several that based their North American operations here. Kentucky’s Foreign Trade Zone 47 in Boone, Kenton, and Campbell Counties presents a strong case for continued investment in our region. Our workforce, international airport, rivers, highways, and service from two Class 1 railroads — CSX and Norfolk Southern – make Northern Kentucky a strategic geographic location and a welcoming environment for international businesses.