Marengo is located in the FTZ 176. FTZ #176 is one of Northern Illinois’ most valuable assets for companies that engage in international trade. Businesses now have a tool to improve the efficiency of processes and reduction in costs associated with imports and exports.
A Foreign-Trade Zone (FTZ) is a zone authorized as exempt from many regular US Customs rules and regulations. There are many benefits that importers can take advantage of to improve cash flow, increase global logistics efficiency, reduce redundant or unnecessary logistics costs, and retain flexibility.
Foreign-Trade Zones allow companies to bring items onto US soil without paying the duty tax, allowing them to store these goods free of tariff charges, or use parts to manufacture a finished product that can then be exported without the US import/export surcharges.
In addition, goods that do not meet certain regulatory specifications can be imported to an FTZ, where they are reworked and repackaged to meet requirements for US imports.
FTZ #176 is administered by the Greater Rockford Airport GREATER ROCKFORD AIRPORT AUTHORITY
60 Airport Dr.
Rockford, IL 61109-2902
