BC CAL KAL Inland Port Development Corporation Foreign-Trade Zone - - PowerPoint PPT Presentation

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BC CAL KAL Inland Port Development Corporation Foreign-Trade Zone - - PowerPoint PPT Presentation

Dec 13, 2023 12 likes •124 views

BC CAL KAL Inland Port Development Corporation Foreign-Trade Zone 43 Calhoun County Board of Commissioners March 15, 2012 BC CAL KAL Inland Port Development Corporation Mission Statement BC CAL KAL has the primary mission of supporting

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BC CAL KAL Inland Port Development Corporation Foreign-Trade Zone 43

Calhoun County Board of Commissioners March 15, 2012

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BC CAL KAL Inland Port Development Corporation

Mission Statement

BC CAL KAL has the primary mission of supporting economic development activities by providing services related to international trade through the use of the inland port of entry, the Foreign-Trade Zone and the Customs Cargo Center.

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BC CAL KAL Inland Port Development Corporation

Private tax-exempt corporation

Administer federal grant of authority for FTZ 43 Execute contracts with FTZ users and operators Publish a tariff with schedule of rates & charges Operate according to public utility principles Oversight by a board of directors representing educational, nonprofit, manufacturing, economic development, and service sectors from two counties

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BC CAL KAL Inland Port Development Corporation

1976 – BC CAL KAL created 1976 – US Customs Port of Battle Creek established 1978 – FTZ 43 authorized Subzones

1991 - Mead Johnson, Ottawa County 1997 - Ross Products Division of Abbot Labs, St. Joseph County 2003 - Perrigo, Allegan County 2006 - Pfizer, Kalamazoo County

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BC CAL KAL Inland Port Development Corporation

What is a Foreign Trade Zone?

Foreign merchandise is considered outside formal territory of US Customs and Border Protection, yet under their supervision Goods and activities must comply with federal, state and local laws Merchandise may be stored, processed, or manufactured Companies may delay, reduce, or altogether eliminate US Customs duty – keeping US-based companies on a level playing field with their competitors abroad

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State of Michigan FY 2009 9th in annual FTZ receipts

  • $15,980 million
  • Up 46.9% from previous FY

11th in employment

  • 11,134 jobs
  • Remained steady while state dropped 6.9%

12th in annual exports

  • $663 million
  • Up 22.1% while state dropped 25.3%

15th in number of firms served

  • 56 companies
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BC CAL KAL Inland Port Development Corporation

FTZ Subzones

Sample data in $millions, Annual Report of the Foreign-Trade Zones Board – FY 2009-2010

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BC CAL KAL Inland Port Development Corporation

For Battle Creek FDI brought more than 6,000 jobs and millions of dollars in capital investment and tax revenues Japan, Germany, Denmark, Scotland, Australia, Canada FTZ warehouse Manufacturers remain globally competitive

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BC CAL KAL Inland Port Development Corporation

FTZ 43 embarks on new initiative: Alternative Site Framework

15 counties in SW Michigan

  • 60 miles/90-minute drive from Customs port

Companies may be approved in 45 days or less

  • Compared to up to two years

Marketing opportunity creates awareness Requires acknowledgement letter from counties

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BC CAL KAL Inland Port Development Corporation

Allegan Barry Berrien Branch Calhoun Cass Clinton Eaton Hillsdale Ingham Ionia Kalamazoo Jackson

  • St. Joseph

Van Buren

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BC CAL KAL Inland Port Development Corporation

Questions?

Jan Frantz Executive Director, Licensed US Customs Broker BC CAL KAL Inland Port Development Corporation Foreign-Trade Zone 43