VERMONT AGRICULTURAL BUSINESS EDUCATION CENTER
The Brattleboro Foreign Trade Zone, LLC was formed by a group of internationally experienced local businessmen to meet a growing demand of existing and potential users for Foreign Trade Zone Capability status. A Foreign Trade Zone is an area within the United States that the government considers outside of the country, or at least, outside of U.S. Customs application of tariffs. The U.S. Customs controls the zone as a non-duty location considered to be in transit. A company can import certain types of merchandise into an FTZ without going through formal customs entry procedures or paying import duties. Once the merchandise has been processed, assembled, re-packaged or repaired, duty is paid incrementally on that portion that is sent outside of the zone or not at all when exported to other countries.
Unlike most FTZs, which have one centralized site, BFTZ is multi-site zoned. More than 300 acres throughout Brattleboro, VT can be designated as a Foreign Trade Zone.
BFTZ is unique among foreign trade zones due to its strategic geographic location, a well-placed transportation hub, direct access to interstate 91, rail service and 75 minutes by vehicle from Bradley International Airport in Hartford, Connecticut. Bonded truck traffic has easy access to ocean transportation at the Port of Boston to the east as well as a direct interstate link to Montreal, Canada. The major markets of New York, Boston and Montreal are comfortably reached from the sites in Brattleboro, Vermont.
The offices of the Brattleboro Foreign Trade Zone, LLC are located in the Vermont Agricultural Business Eduction Center.
Members of BFTZ include:
James A. Cramer
For further information please contact: