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St. Johns County Import Companies to Benefit From New Designation

November 10th, 2011 · Leave a Comment

There is good news for St. Johns County-based companies that import materials or goods from foreign countries. The county will be added to Northeast Florida’s Foreign Trade Zone (FTZ), first established in 1980. The FTZ, based at the Jacksonville Port Authority, is the first of Florida’s 20 FTZs to receive enhanced status to expand more quickly and easily under a new U.S. Department of Commerce program.

FTZs provide importers with tremendous logistical and financial benefits, which are helpful to existing companies and can be a marketing tool to attract new business to the county.

“This new, expanded FTZ enables St. Johns County-based import companies that assemble/manufacture, store or export products to more efficiently operate their businesses,” said Norman W. Gregory, CCIM, vice president of economic development for the St. Johns County Chamber of Commerce. “Being designated as part of the FTZ can reduce customs delays, improve cash flow and drive real savings to the bottom line.”

The St. Johns County Chamber of Commerce will play an integral role in the FTZ process, spearheaded by Gregory. The Chamber is looking forward to working with companies in the region to apply FTZ benefits to the bottom line as soon as possible and attract new business to the county.

More information about the St. Johns County Chamber of Commerce is available here.

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