The Greater Rochester, NY Region is strategically located in the Finger Lakes Region of Western NY on route I-90, with close proximity to major northeast trading centers such as Boston, New York City, Philadelphia, Toronto, and Washington, DC.
A significant amount of international trade takes place in Rochester, making this region one of the top five exporting regions per capita in the United States.
There are two General Purpose Foreign Trade Zones (FTZ) in the Greater Rochester, NY Region designed to assist local companies engaged in international trade-related activities. They offer the following benefits:
- Elimination of duties on items exported directly from FTZ
- Elimination of duty drawback
- Reduction of duties/tariff inversion - allowing for the payment of duties on final products versus raw materials components
- Quota handling
- Reduction of weekly entry
- Duty deferral - duty only assessed when entered into commerce
- Less initial cash outlay
- Partial draw allowing you to use only what you need
- No time limit on merchandise to be stored in the FTZ
- Current Foreign Trade Zones are located in Downtown Rochester and at the Rochester Technology Park
- Click here to view a FTZ Savings Calculator and learn how your business can benefit from a Foreign Trade Zone
Rochester is also a Port of Entry, managing more than 3,000 import transactions per year. All types of transactions are managed through this port from small packages to multi-million machinery.
As a mid-sized city we have an average clearance time of 2 hours. This provides local companies with significant time and money savings when compared with New York City's clearance time of up to 72 hours. In addition, our entry fees are much lower than major East Coast ports such as New York City or Boston. Click here to learn more about international trade occurring in the Rochester Region.
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