Wayne County Economic Development Council

Why Choose Wayne County? Call Us Toll Free at 888-WAYNEOH
 

Strong Incentives
Tax credits, abatements, grants, low-cost financing Foreign Trade Zone and more.

Business-Friendly Climate
Effective community and government partnerships locally and throughout Northeast Ohio.

Access to Markets
Central location with great ground, rail, water and air accessibility.

High Quality of Life
Small town hospitality and country living with big city opportunities.

Leading Ag-Bioscience Infrastructure
Premier research facilities and infrastructure.

Low Cost of Doing Business

Energy, labor and occupancy costs among the nation’s most affordable.

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Compete Globally From Wayne County

Companies can compete globally from the central location found in Wayne County.

Foreign Trade Zone 181- Foreign and domestic merchandise may enter the zone without a formal customs entry or the payment of customs duties and be exempt from federal and state use/excise and personal property taxes. There are two types of zones—general purpose and sub-zone. A general purpose zone includes multiple activities by multiple users, like an industrial park. A sub-zone is a one user plant or facility.

What Are the Benefits?
-Deferral, reduction, elimination of duties 
-Elimination of drawback 
-Labor overhead and profit not calculated in dutiable sale of zone merchandise 
-Excise tax reductions 
-Inventory is tax exempt while stored in an activated FTZ 
-Zone to zone transfers 
-Inventory control and security measures 
-Weekly entry for manufacturers


Who Locates in an FTZ?

Any company that imports or exports products can benefit significantly from a location in FTZ #181. Auto assembly, petrochemical, electronics, warehousing, food products and other companies take advantage of FTZ savings.
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