As Grantee, Denver Economic Development & Opportunity is responsible for establishing, administering and marketing the Foreign Trade Zone program. Foreign Trade Zones (FTZ) are secured areas under the supervision of the U.S. Customs and Border Protection (CBP) that are considered outside U.S. Customs’ territory.
The FTZ program helps to level the playing field and improves U.S. competitiveness by reducing the costs of U.S. operations. It expedites and encourages international trade by providing efficient and lucrative ways to compete effectively in global markets. Activated U.S. businesses in the FTZ program can eliminate, or reduce, duties on imports. Thus, foreign and domestic merchandise may be moved into approved zones for storage, exhibition, assembly, manufacturing and processing without payment of duties, quota and other import restrictions until the decision is made to enter the goods into the U.S. market or re-export them later.
For more information, please contact Vanessa Simsick, Global Business Development Specialist, at firstname.lastname@example.org.
Denver’s rich array of global touchpoints has led us to the sophisticated and highly sought-after international city we are today. The Denver Global Footprint(PDF, 6MB) can help you navigate through our city’s global ecosystem.
Stephanie Garnica – Global Business Development Director
Tim Martinez – Global Business Development Manager
Vanessa Simsick – Global Business Development Specialist