September/October 2010 | Trade and Industry Development

September/October 2010

Trade & Industry Development Magazine

September/October 2010

Be courageous. I have seen many depressions in business. Always America has emerged from these stronger and more prosperous. Be brave as your fathers before you. Have faith! Go forward! - Thomas Edison

For years now, people have claimed that American manufacturing is dead, or at best quickly dying. That's an odd thing to say about what is still the largest manufacturing economy in the world. Words like "globalization" and "offshoring" have entered the lexicon as fearful harbingers. But those words cut both ways, and the U.S. has increasing footprints from foreign-based manufacturing firms. From foreign auto makers locating in the South to wind turbine manufacturers siting operations in the Midwest - are we to believe that they are locating here out of some strange abundance of compassion? Or could it be that it simply makes economic sense?

In this issue, we examine Manufacturing in the U.S. In our feature on Advanced Manufacturing, Ed McCallum provides excellent insight and advice into what manufacturing executives should seek in siting their facilities. John Rhodes offers a clear-eyed look at the Utilities sector and provides a pragmatic perspective on the issues ahead. And Harry Moser delivers eye-opening, mission-critical information for all those concerned with the bottom line, and illuminates the hidden financial benefits of Re-Shoring facilities back to the United States. Also, Jennifer Alten explores several Foreign Trade Zones, and Linda Dobel examines some of the Designated Sites, existing across the country. The Association for Manufacturing Technology provides a snapshot of where manufacturing is now and a roadmap for going forward, and Greg Jones of FTZ Corp. explains some of the significant advantages found in operating within FTZs.

In this issue

Sites & Programs: Foreign Trade Zones

BY: Jennifer Alten

An old program is gaining steam these days. Throughout the country, areas are embracing the Foreign Trade Zone program as a savvy tool in their arsenal to attract new business and help existing businesses stay more competitive. FTZ for short, the program was created by the government in the 1930s to make U.S. manufacturing more competitive globally. From a customs perspective, a foreign trade zone treats areas such as warehouses and manufacturing facilities as if they were outside the United States. Participating companies save millions of dollars by deferring, reducing or totally eliminating duty payments on imports and exports. FTZs used to be seen more commonly in the areas around seaports and airports, but today, inland areas are also taking advantage of this program. more....