Foreign Trade Zone #57
The Foreign Trade Zone (FTZ) program is a catalyst for companies involved with international trade to improve their competitiveness and profitability. By utilizing the FTZ program, companies are able to defer, reduce or eliminate Customs duties on products admitted to the zone.
Like all Foreign Trade Zones across the nation, FTZ #57 in the Charlotte region is a secure area located in or near a Customs Port of Entry – in this case, at the Charlotte Douglas International Airport. Goods in FTZ #57 are considered to be part of international commerce and are legally outside of U.S. Customs territory. By utilizing this zone for trade, companies benefit from a variety of financial advantages:
In addition, to deferral, reductioons and elimination of duties, FTZ #57 offers significant benefits for companies of any size or any industry, from oil refining and shipbuilding to chemicals and electronics.
Elimination of Drawback - through the use of FTZ #57, the need for drawback – duties previously paid on exported merchandise – may be eliminated, allowing these funds to remain within a company’s operating capital.
Quotas - U.S. quota restrictions do not apply to merchandise admitted to FTZ #57, and quota merchandise may be stored in the zone until the quota is opened and the merchandise is shipped into U.S. Customs and Border Protection territory.
Labor, Overhead and Profit - when calculating the dutiable value of foreign merchandise removed from FTZ #57, users are authorized to exclude zone costs of processing or fabrication, general expenses and profit.
Taxes - personal property imported from outside the U.S. and held in FTZ #57 is not subject to state or local ad valorem taxes.
Zone-to-Zone Transfer -duties may be deferred as FTZ #57 users transfer merchandise to another zone.
To find out how your business can benefit from conducting international trade in the Charlotte region’s FTZ #57, please contact:
Laura Foor
FTZ #57 Administrator
Email Laura
CCED works closely with CCC&TI and local manufacturers to meet the workforce needs of employers.
Caldwell County ranked 20th out of North Carolina’s 100 counties for wage growth in 2023. Since 2015, wages have grown an impressive 51.5%.
Explore the Caldwell County Itinerary for food, shopping, highlights, lodging and adventures! We invite locals and visitors to delight in the journey and the destination.
NC has increased production of renewables by nearly 52%, double the average of all 50 states
Powered by an economy that has hit its stride and turbocharged by a track record of innovation, Caldwell County is the best of NC.
Caldwell County is building on its historic manufacturing legacy while embracing the industries of tomorrow. With affordability, a strategic location, and a skilled workforce, the county is a prime destination for business growth and investment.
The Blue Ridge foothills, Pisgah National Forest and Wilson Creek are our playgrounds for biking, off-roading, watersports, hiking, hunting, fishing and camping.
Whether we’re celebrating art, butterflies, blackberries, BBQ or wine, the calendar is full of Southern charm.
Move right into one of our existing manufacturing buildings. The infrastructure is in place and a trained workforce is ready.
Caldwell County has the most extensive collection of permanent public outdoor sculptures per capita in the U.S. Our annual Sculpture Celebration is the largest in the South.
Record numbers of new businesses and industries have registered in Caldwell: 250-500 each year since 2018. The CCC&TI Business Center is ready to assist.
Life in Caldwell County can be full of adventure. Spend the day exploring parks, mountains, whitewater rafting, kayaking, hiking and biking.
Explore scenic vistas, historical sites, art, breweries, wineries, eateries and more along this world famous route.