Foreign Trade Zone Sites in Portage County, Ohio

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Foreign Trade Zone Sites - Site Location: Streetsboro, Ohio

Sites Available: Interstate Commerce Center & Frost Road Commerce Center

FTZ Basics What is a Foreign-Trade Zone?
A foreign-trade zone (FTZ) is a site within the United States aligned with a U.S. Customs port of entry where merchandise is considered to be in the stream of international commerce. Companies can save money on tariffs and compete more effectively in the global market place.

Foreign and domestic merchandise may enter the zone without a formal customs entry or the payment of customs duties and be exempt from federal and state use/excise and personal property taxes. There are two types of zones—general purpose and sub-zone. A general purpose zone includes multiple activities by multiple users, like an industrial park. A sub-zone is a one user plant or facility.

What Are the Benefits?

	Deferral, reduction, elimination of duties
	Elimination of drawback
	Labor overhead and profit not calculated in dutiable sale of zone merchandise
	Excise tax reductions
	Inventory is tax exempt while stored in an activated FTZ
	Zone to zone transfers
	Inventory control and security measures
	Weekly entry for manufacturers
	Direct delivery

Who Locates in an FTZ? Any company that imports or exports products can benefit significantly from a location in FTZ #181. Auto assembly, petrochemical, electronics, warehousing, food products and other companies take advantage of FTZ savings. FTZ 181 Site Location: Streetsboro, Ohio
Site Details
Owner/Developer Geis Companies	Listing Broker: N/A
Site Contact: Gregory Geis See Below	Location: Intersection of I 480, I 80 & SR 14
Street Address: 10020 Aurora-Hudson Road	Total Size (Acres): 149
FTZ Acres Available 100	Price Per Acre: $75,000
Zoning: Industrial, Research & Office	Zoning Jurisdiction: City of Streetsboro
Utilities: In place	Access Street: Mondial Pkwy & Phillip Pkwy.	Click to View Aerial Photo 137 KB
Highway Access: Less than 1 mile to I-480, I-80 & SR 14	Rail Access: W&LE Railway Interstate Commerce Ctr.
Rail Spur In Place: No	Enterprise Zone: Yes
Foreign Trade Zone: Yes	Community Reinvestment Area: No
Notes: Build to suit, lease or purchase.
Site Information & Build to Suit: Contact: Gregory Geis Geis Companies 10020 Aurora-Hudson Road Streetsboro, OH. 44241 Phone: (330) 528-3500 Fax: (330) 528-0008 E-mail sales@geis-companies.com Web Site: www.geis-companies.com		Community Information & Incentives Contact: William J. Ulik, Director E-mail: wulik@portageco.com Portage County Department of Economic Development 217 S. Chestnut St. Ravenna, Ohio 44266 Phone: (330) 297-3470 Fax: (330) 297-3472

Foreign-Trade Zone (FTZ) #181 makes good sense. Would your business benefit from a Foreign Trade Zone, or sub-zone location? Contact Ron DeBarr at NEOTEC for a free FTZ benefit analysis. PH: 330-672-4080. E-mail: NEOTEC@kent.edu Visit the NEOTEC web site at: www.neotec.org for more details about FTZ 181.