The Baltimore Development Corporation administers Foreign Trade
Zone #74, a federally designated area located within the United
States yet considered “outside” of U.S. Custom’s territory for
the purposes of assessing and collecting import duties and taxes.
The Foreign Trade Zone designation can lead to thousands
of dollars in savings through its various incentives. The
most notable savings for businesses are in the deferals on
Customs duties (cash-flow), weekly filling entries which lead to
potential savings on merchandise processing fees, and no duties
are ever paid on re-exports.
Baltimore’s Foreign Trade Zone consists of over 2,000,000 square
feet of non-contiguous industrial and warehouse space.
During the reporting period October 1, 2006 to September
30, 2007 the zone served 86 businesses. Of these, 13 used
the zone on a continuous basis, employing up to 191 people.
Businesses in the zone handled 22 different products
from 11 countries of origin. Over $158 million worth of
merchandise held in the Zone was sold to domestic and foreign
markets during the reporting period.
Contact Information: For more information on this program, please
contact BDC staff, Elizabeth Weiblen, Enterprise Zone
Administrator and Director of Baltimore’s Foreign Trade Zone #74
at 410-779-3838 or via email: eweiblen@ . baltimoredevelopment.com
Map of the designated FTZ
space.
Map overlaying the
FTZ zones, HUB zones and Enterprise Zones of the City of
Baltimore.