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.
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Contact Us
For additional information about the FTZ Program, contact the
Office of Economic Development at (901) 341-2100.