A Foreign Trade Zone (FTZ) represents a designated region within the United States where goods, whether they originate domestically or internationally, are treated as though they are outside the U.S. market for Customs purposes.
This unique status means that items stored within an FTZ are exempt from tariffs (customs duties) and certain taxes, offering significant financial benefits to U.S. companies involved in global trade.
The Greater Cincinnati Foreign Trade Zone (FTZ 46) and Northern Kentucky Foreign Trade Zone (FTZ 47) are governed by Boards of Directors consisting of members who represent international trade and economic business leadership in the Greater Cincinnati and Northern Kentucky region. The boards are the Grantee of Authority (“Grantee”) responsible for all business decisions made in association with the Zones.
CVG Airport Authority (CVG) and REDI Cincinnati joined forces in 2023 to manage FTZ 46 and FTZ 47 on behalf of the Grantee. The partnership approach of these two organizations creates the advantage of blended capabilities, expertise, and alignment of mission and staff to provide the most effective and mutually beneficial administrative management of FTZs 46 and 47.
CVG functions as the lead entity with responsibility for overall day to day program administration, compliance, and board coordination. Additionally, CVG handles all accounting and financial management for the FTZ program. In recent years, CVG has taken a more active role in regional economic development. Given the airport’s staff capacity and experience in economic development projects, as well as existing relationships with federal agencies, such as U.S. Customs and Border Protection, management of the FTZ program fits well into their strategic objectives.
REDI Cincinnati, the region’s primary economic development organization, focuses on FTZ marketing and business development, which aligns with their work in both business attraction and business retention and expansion. REDI’s mission to drive new business, new jobs, and new investment into the Cincinnati region ties directly to the purpose of the FTZ program.
It is the belief of both CVG and REDI that this collaboration ensures continuity in professional management; both strive to bring the effective experiences of two regional entities together to further advance the mission of the Grantee, to catalyze regional economic growth in Greater Cincinnati and Northern Kentucky by promoting the benefits of the Foreign Trade Zone program.
Our mission is to catalyze regional economic growth in Greater Cincinnati and Northern Kentucky by promoting the benefits of the Foreign Trade Zone program.
Zone schedules, which establish the policies, procedures, and fees for a Foreign Trade Zone, are available for the Greater Cincinnati (46) and Northern Kentucky (47) Foreign Trade Zones below.
Greater Cincinnati FTZ (46) Zone Schedule
Northern Kentucky FTZ (47) Zone Schedule
The 3-state, 15-county Cincinnati MSA boasts a diverse global community. Over 450 international companies representing more than 40 countries have found success for their businesses here. The Greater Cincinnati (46) and Northern Kentucky (47) Foreign Trade Zones are integral to driving international trade and economic growth. Global Cincy, a publication presented by Cincy Magazine and the European American Chamber of Commerce of Greater Cincinnati, featured FTZs 46 and 47 in its inaugural edition and showcased the benefits of foreign trade zones. Click here to read the article.
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