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Aloha U.S. Economic Development Administration 2012 Conference April 3, 2012.

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Presentation on theme: "Aloha U.S. Economic Development Administration 2012 Conference April 3, 2012."— Presentation transcript:

1 Aloha U.S. Economic Development Administration 2012 Conference April 3, 2012

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3 Sun, Sand, & Surf!

4 State Surplus and Deficit

5 New Economic Model

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10 Hawaii Foreign-Trade Zone No. 9

11 What is an FTZ? The Foreign-Trade Zones Act was created to "expedite and encourage foreign commerce" in the United States. This tariff and tax relief is designed to lower the costs of U.S.-based operations engaged in international trade and thereby create and retain the employment and capital investment opportunities that result from those operations.

12 FTZ #9 2011 Data: Over 300 firms utilize FTZs, employing 1,500 regular employees 6 sites are activated Foreign-Trade Zones FTZ9 oversees 13 sites in Hawaii – 2,600 acres designated FTZs 75% of all exports out of Hawaii went through FTZ9. $12.5 Billion in total merchandise/ $800 Million of that was exported.

13 Hub of International Trade Complete Warehouse Services Office Space Consulting Services Training

14 FTZ #9 Services Customs BrokersShipping AgentsUS Export Assistance CenterUS CustomsExIm Bank

15 Expansion of FTZ #9

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18 Facebook: /HawaiiFTZ – Twitter: @FTZ9 Mahalo!


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