OWH OPINION: STATE SEN. KATHLEEN KAUTH: HERE'S NEBRASKA'S SECRET WEAPON FOR CUTTING COSTS AND CREATING JOBS

“Uncertainty.” It’s the number one complaint I hear about from Nebraska business owners, whether it’s because of supply chain interruptions, global trade changes, or rising costs for goods and materials. There’s good news though: There’s a solution hiding in plain sight called a Foreign Trade Zone, where U.S. businesses can import goods without immediately paying customs duties or tariffs.

Nebraska is home to two of them — and while too few businesses make use of them now, innovators and entrepreneurs across the state are invited to leverage them for more flexibility, lower upfront costs, and streamlined operations. If Foreign Trade Zones, or FTZs, sound too good to be true, don’t worry: They’re real, and they work.

FTZs are secure, designated areas near U.S. ports of entry — including airports — that are legally considered to be outside of U.S. Customs territory. That means companies can import foreign goods and store, process, or manufacture them without being responsible for tariffs or duties right away. 

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