Agenda - 06-21-2011 - 5t - Laserfiche WebLink

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4 Fact Sheet, Page 2 FOREIGN TRADE ZONES — ALTERNATIVE SITE FRAMEWORK ADVANTAGES Grantee Advantages • Enhanced response to community FTZ needs • Expedited zone designation • Lower costs to users • Reduced fees to FTZ Board • Significant reduction time from application to receiving FTZ designation User Advantages • Faster return on investment (up to three times) • Expanded "service area" coverage — available to new counties • Expedited zone start-up • Lower initial investment cost • Lowers participation barriers to small and medium sized businesses National Advantages • In response to the benefits of the modified program, forty -five {45) zones in the U.S. have either applied or been accepted as ASF zones to date (including the FTZs in upstate South Carolina, Northern Virginia and three in Georgia). • The ASF program is simpler through clearer regulatory provisions, flexibility in meeting the speed of business today, and more predictability for zone administrators and users. • Coupled with the President's recent National Export Initiative (NEI), there should be increased interest in the FTZ program as it mutually supports the trade goals by maximizing the potential for U.S. exporters and manufacturers. For all of these reasons, more than 250 communities throughout the United States support and rely on the benefits that the FTZ program offers public as well as private entities. Tentative plans & schedule for the ASF application from FTZ #93 • Presentation-to RTRP EDAC and other related organizations - June. • Letters to counties in RTRP (Regions J, K and M) to obtain commitments to support the ASF application to expand the service area for FTZ #93 — June. • FTZ and ASF Seminar at Wake Tech, Cary Campus — July 15, 9 AM - Noon • Application fee will be $1000.00 per county if not a TJCOG member. Preparation of the application for the Alternative Site - Management Framework & Submission of the draft application to US FTZ Board, September 2011. 6/6/2011