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

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Presentation transcript:

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

Sun, Sand, & Surf!

State Surplus and Deficit

New Economic Model

Hawaii Foreign-Trade Zone No. 9

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.

FTZ # 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.

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

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

Expansion of FTZ #9

Facebook: /HawaiiFTZ – Mahalo!