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3 Fact Sheet FOREIGN TRADE ZONES — ALTERNATIVE SITE FRAMEWORK FTZ #93 Grantee — Triangle J Council of Governments POB 12276; RTP, NC 27709 Contact: Pamela Davison, FTZ Administrator 919 -558 -9394, Cell 929- 610 -1917, ftzwomanC«Dyahoo.com What is a Foreign Trade Zone? Foreign -trade zones are designated sites licensed by the United States Foreign -Trade Zones (FTZ) Board at which special Customs procedures may be used for foreign goods. The activities in a zone offset Customs advantages available to overseas producers who compete with producers located in the United States. The program has existed since 1934 and continues to thrive and. change to better meet the needs of American companies to compete in the global economy. What is Foreign Trade Zone #93 Service Area? As Grantee of FTZ #93, Triangle J Council of Governments currently administers General Purpose zones in Wake County. FTZ #93 can serve an area within 60 miles or 90 rninutes - driving time from the US Customs Port of Entry for RDU. Three general- purpose zone sites are approved with two presently activated. FTZ #93 was established under the "Traditional. Zone Framework ". TJCOG member counties include: Wake, Durham, Orange, Chatham, Lee, Johnston and Moore. What is the "Alternative Site Framework ?" Alternative Site Framework (ASF) is a newly implemented program of the US FTZ Board. It offers greater flexibility to designate and manage general-purpose FTZ sites based on "user- driven" needs for an FTZ program & its benefits. What are the differences between the Traditional vs. ASF? Submission of traditional General- Purpose Expansion or Sub -Zone- application to the Foreign Trade Zone Board for action under the Traditional Zone Framework requires: • Generally a ten (10) month process, • Greater documentation requirements, and • Submission of a request for administrative minor boundary modifications involves swapping like properties from existing zone sites. Alternative Site Framework reorganization application for FTZ Board action requires: • Generally, six (6) to eight (8) months for ASF reorganization applications with no new Magnet Sites (industrial parks). Up to 6 magnet sites are possible. • Faster Processing for Usage Driven Sites once an ASF application is submitted, the Grantee can utilize the simplified and minor boundary modification actions for usage driven sites. This eliminates the need to "swap" like amounts of acreage from existing sites. ASF does not affect existing FTZ Subzones.