Foreign-Trade Zone
Palm Springs is home to a designated Foreign Trade Zone (FTZ) site, offering unique advantages for businesses engaged in international trade. Licensed by the Foreign-Trade Zones Board and overseen locally by the City of Palm Springs, the FTZ provides a secure, access-restricted area where goods can be imported, stored, assembled, or manufactured before formal customs entry, delaying, reducing, or even eliminating customs duties.
The Palm Springs FTZ supports global commerce and regional economic growth by helping companies improve inventory control, streamline logistics, and strengthen cash flow. Manufacturers, importers, and exporters benefit from cost savings, operational efficiency, and a competitive edge in global markets.
To learn more about the Palm Springs FTZ and how to participate, visit the City of Palm Springs FTZ webpage.
Riverside County Office of Economic Development offers a variety of resources and support for businesses interested in FTZs in the County. Learn more on their website.
For a broader overview of the national FTZ program, visit the Foreign-Trade Zones Board website, managed by the U.S. Department of Commerce.
Key Benefits of FTZ Participation:
- Duty Deferral: Customs duties are postponed until goods enter U.S. commerce.
- Duty Reduction: Pay the lower of either the component or finished product rate when manufacturing within the FTZ.
- Duty Elimination: No duties on goods re-exported from the FTZ.
- Inventory and Logistics Efficiencies: Simplified customs procedures and reduced paperwork.
- Improved Cash Flow: Delayed duty payments and lower inventory carrying costs.
- Enhanced Security: FTZs meet high standards for monitoring and regulatory compliance.
For businesses looking to expand global operations, the Palm Springs FTZ offers a strategic location with real financial and logistical advantages.
