Foreign Trade Zone 125

1. La Porte | 2. St. Joseph | 3. Elkhart | 4. Starke | 5. Marshall | 6. Kosciusko

ABOUT FTZ125

US Foreign Trade Zones

A US Foreign Trade Zone, or “FTZ” can provide significant benefits to companies importing parts, components, assemblies or even finished goods, and “zone” can exist right on your properties, and in your warehouses or manufacturing facilities. You may be able to delay and/or reduce or even eliminate duties on imports and take advantage of other benefits to streamline your organization and enhance your bottom line.

The potential benefits of utilizing FTZ #125 are too many to list on a website, and your organization is too unique for a template. Let us start the conversation and connect you with the experts that will help you determine your next steps. Contact FTZ #125 today.

FTZ BASICS

General Information

FTZ offers significant benefits to companies importing parts, components, assemblies or even finished goods. FTZ125 is the officially designated zone serving six counties and facilitated by the South Bend International Airport Authority. With FTZ125’s alternative site designation capabilities, the “zone” can exist on your property, and in your warehouse or manufacturing facility. You manage the movement and utilization of imported items. You manage when it hits your balance sheet. You can delay and/or reduce or even eliminate duty on imports and take advantage of other benefits to encourage foreign commerce within the region.

INDUSTRIES THAT FTZ 125 CAN BENEFIT

Some of the largest beneficiaries of FTZ utilization, both nationally and locally, are motor vehicle and component manufacturers, Pharmaceutical and medical equipment producers, and many other manufacturers and distributors.

ALLOWABLE ACTIVITIES

Merchandise entering the Foreign Trade Zone may be: Assembled, Cleaned, Displayed, Manipulated Manufactured, Mixed, Processed, Repaired, Tested, Relabeled, Repackaged, Sampled, Stored, Salvaged, and even Destroyed.

POTENTIAL BENEFITS

Benefits may include Duty Deferral, Duty Exemption, Duty Reduction, Inverted Tariff, Merchandise Processing Fee (MFP) Reduction, Streamlined Logistics and Quota Avoidance. Over 3,400 companies nationwide take advantage of FTZ benefits, see how your organization can profit from FTZ 125.

GENERAL INFORMATION

Potential Benefits

There are many potential benefits to activating with FTZ 125 if you do business internationally. Some are directly tangible and impactful such as direct and significant savings, other ancillary benefits are unexpected, such as increased efficiency in inventory management and accounting. To view the list of potential benefits, click here.

FAQs

To view a list of frequently asked questions and terms related to Foreign Trade Zones, click here.

ACTIVATE THE BENEFITS

OF FTZ 125

ACTIVATION PROCESS

Activate the Benefits of FTZ 125

We recommend an objective third-party feasibility analysis as a first step to best evaluate the true benefits available to your organization.

Some of the information you’ll want to have ready for the analysis of potential benefits includes:

  • Total annual value of imported (dutiable) merchandise
  • Number of customs entries made annually
  • Total annual Merchandise Processing Fee(s) paid
  • Average number of inventory turns for previous year
  • HTS list of imported merchandise (see HTSUS)
  • FTZ list of finished product (if manufacturing occurs)

Once you have determined your desire to activate, FTZ 125 and your consultant will guide you through the entire process.  A high-level summary of the process is:

  • Contact FTZ 125 to make us aware of your intentions to activate.
  • Apply to the National FTZ Board to have your facility approved.
  • If pursuing production authority (that will allow you to capture an inverted tariff benefit), you will also need to complete an additional application to the National FTZ Board which will be posted in the Federal Register for public comment.
  • Activate your FTZ site or subzone with Customs & Border Protection. This requires demonstrating requisite security measures and customs entries processes and procedures per the CBP Foreign Trade Zone manual.

Costs and Fees related to activation:

The Fee structure for FTZ 125 is outlined in the Zone Schedule. Additional costs may include:

  • Foreign Trade Zones Bond
  • Costs to upgrade building security
  • Costs to implement software tools to file electronic customs entries
  • Consulting and/or legal fees, particularly if pursuing production authority

SERVICE PROVIDERS

Activate the Benefits of FTZ 125

There are many potential benefits to activating with FTZ 125 if you do business internationally. Some are directly tangible and impactful such as direct and significant savings, other ancillary benefits are unexpected, such as increased efficiency in inventory management and accounting. The benefits of activating in the Foreign Trade Zone depend upon your company’s activities but could include:

FOREIGN-TRADE ZONE CORPORATION

Craig Pool, President
2062 Old Shell Road
Mobile, AL 36607
ftzcorp.com | 251.471.6725

LAMB & LERCH

David R. Ostheimer, Esq.
140 West End Ave., Suite 15-C
New York, NY 10023
O. 212.608.2700 | D. 201.259.7526

PAGE-FURA, P.C.

Jeremy Page, Esq., Partner
311 W. Superior, Ste. 306
Chicago, IL 60654
pagefura.com | 312.781.6100

ROCKEFELLER GROUP

Rebecca Williams, Managing Director
2444 Solomons Island Road #200
Annapolis, MD 21401
ftz.rockefellergroup.com | 410.897.4858

IMS WORLDWIDE, INC.

Trey Boring, Sr. Vice President
309 Henrietta St.
Webster, TX 77598
imsw.com | 281.554.9099

POINTTRADE SERVICES, INC.

Eric Berry, Director of Trade Services
1518 Jenks Avenue
Panama City, FL 32405
pointtradeservices.com | 850.522.4101

UPS TRADE MANAGEMENT SERVICES, INC

Courtney Stiers, FTZ Consultant
One Indiana Square, Ste. 1350
Indianapolis, Indiana 46204
ups.com | 317.504.7842

KPMG TRADE & CUSTOMS SERVICES

Florence Lam, Senior Manager, Tax, Trade & Customs
345 Park Avenue
New York, NY 10154
home.kpmg | 212.872.6422

GEODIS USA, LLC

Trudy Huguet, Director of FTZ
2425 E. Perry Road
Plainfield, IN 46168
geodis.com
G. 215.238-8600 | D. 334.868.0383

CONTACT FTZ125

Contact Us Today!

PHONE + EMAIL

574.344.4686 ext. 4810
FTZ125@southbendelkhart.org

FTZ 125 ADDRESS

c/o South Bend Elkhart Regional Partnership
635 S. Lafayette Blvd., Suite 123
South Bend, IN 46601