Helping Retain American Jobs
The
City of Memphis and Shelby County have assisted many local companies in reaping the benefits of the Foreign Trade Zone (FTZ) Program, which include:
- Duty elimination
- Duty reduction
- Duty referral
- Property tax exemption
FTZs were established under a 1934 federal act to encourage foreign commerce and to create and retain American-based jobs. The benefits of the FTZ Program can be realized through the services of an existing general purpose zone or through designation as a subzone. A subzone classification is company site specific. The Office of Economic Development administers the FTZ grant and assists with the formal application process.
Related Resources
Contact Us
For additional information about the FTZ Program, contact the
Office of Economic Development at (901) 341-2100.
