Delaware News

DEDO Shows Businesses How Foreign Trade Zones Can Boost Their Bottom Line

News | Date Posted: Thursday, April 27, 2017



WILMINGTON, DE (April 27, 2017) ― The Delaware Economic Development Office is partnering with CT Corporation, a Wolters Kluwer Company, and World Trade Center Delaware to host an educational training session on May 16th to explore the federal laws and regulations governing Free Trade Zones (FTZs) and how Delaware’s FTZ framework can help our state’s businesses grow. FTZs are an area within the United States that the government considers out the county or outside of the U.S. Customs’ territory. Delaware’s designation as an FTZ (#99), boosts the state’s competitiveness at a national and international level.

“We are pleased to join Delaware Economic Development Office in their effort to market the advantages of operating within a Foreign Trade Zone,” said Alan Stachura, Senior Manager of Government Relations at CT Corporation, a Wolters Kluwer Company. “The State of Delaware offers many unique advantages and their support of the federal FTZ program is an added benefit.”

“Globalization has changed how products are manufactured. The use of the Foreign Trade Zones program assists companies in reducing costs, paperwork, and delays while improving greater efficiencies in the supply chain,” said World Trade Center Delaware Executive Directive Carla Sydney Stone. “The U.S. Foreign Trade Zones program helps to attract and retain manufacturing, processing and distribution companies, thus adding jobs and improving the local tax base.  A win-win situation for companies, workers and government.”

The U.S. Foreign Trade Zone Opportunities training session will be conducted by Scott Taylor, Esq. and will be held at Theater N, 1007 N. Orange Street in Wilmington from 4:00-6:30 p.m. on May 16th. DEDO has partnered with CT Corporation to apply for two (2) continuing legal education credits for attendees that require CLEs. The cost of the training is $50. Registration is required and available online at http://de.gov/5j5. For further information or questions related the training, please contact Patty Cannon, Intergovernmental Relations and Special Project Director for DEDO, at patricia.cannon@delaware.gov or (302) 577-8485.

About the Delaware Economic Development Office The Delaware Economic Development Office is an executive state agency responsible for attracting new investors and businesses to the state, promoting the expansion of existing industry, assisting small and minority-owned businesses, promoting and developing tourism and creating new and improved employment opportunities for all citizens of the State. Visit dedo.delaware.gov.

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Media Contact:
 Christina M. Dirksen, Delaware Economic Development Office
Christina.Dirksen@delaware.gov, 302-672-6857

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DEDO Shows Businesses How Foreign Trade Zones Can Boost Their Bottom Line

News | Date Posted: Thursday, April 27, 2017



WILMINGTON, DE (April 27, 2017) ― The Delaware Economic Development Office is partnering with CT Corporation, a Wolters Kluwer Company, and World Trade Center Delaware to host an educational training session on May 16th to explore the federal laws and regulations governing Free Trade Zones (FTZs) and how Delaware’s FTZ framework can help our state’s businesses grow. FTZs are an area within the United States that the government considers out the county or outside of the U.S. Customs’ territory. Delaware’s designation as an FTZ (#99), boosts the state’s competitiveness at a national and international level.

“We are pleased to join Delaware Economic Development Office in their effort to market the advantages of operating within a Foreign Trade Zone,” said Alan Stachura, Senior Manager of Government Relations at CT Corporation, a Wolters Kluwer Company. “The State of Delaware offers many unique advantages and their support of the federal FTZ program is an added benefit.”

“Globalization has changed how products are manufactured. The use of the Foreign Trade Zones program assists companies in reducing costs, paperwork, and delays while improving greater efficiencies in the supply chain,” said World Trade Center Delaware Executive Directive Carla Sydney Stone. “The U.S. Foreign Trade Zones program helps to attract and retain manufacturing, processing and distribution companies, thus adding jobs and improving the local tax base.  A win-win situation for companies, workers and government.”

The U.S. Foreign Trade Zone Opportunities training session will be conducted by Scott Taylor, Esq. and will be held at Theater N, 1007 N. Orange Street in Wilmington from 4:00-6:30 p.m. on May 16th. DEDO has partnered with CT Corporation to apply for two (2) continuing legal education credits for attendees that require CLEs. The cost of the training is $50. Registration is required and available online at http://de.gov/5j5. For further information or questions related the training, please contact Patty Cannon, Intergovernmental Relations and Special Project Director for DEDO, at patricia.cannon@delaware.gov or (302) 577-8485.

About the Delaware Economic Development Office The Delaware Economic Development Office is an executive state agency responsible for attracting new investors and businesses to the state, promoting the expansion of existing industry, assisting small and minority-owned businesses, promoting and developing tourism and creating new and improved employment opportunities for all citizens of the State. Visit dedo.delaware.gov.

###

Media Contact:
 Christina M. Dirksen, Delaware Economic Development Office
Christina.Dirksen@delaware.gov, 302-672-6857

image_printPrint


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.