Recruiting and Retaining National and Global Businesses
Foreign Trade Zone
The Metropolitan Government of Nashville and Davidson County is the local grantee for the Foreign-Trade Zone (FTZ) program. FTZ's assist companies in delaying, reducing or eliminating payment of U.S. Customs duty since no duty is paid on merchandise brought into a FTZ. Merchandise in a FTZ exported outside the U.S. or transferred to another FTZ incurs no customs duty. Merchandise may also be assembled, consolidated, repackaged or otherwise manipulated while in a FTZ to reduce duty payments.
The Metropolitan Government's Foreign-Trade Zone grant also allows companies to designate a facility outside of the general-purpose zone site as a subzone. This designation allows companies to take advantage of FTZ benefits while using their own facilities. Nissan Motor Manufacturing in Smyrna is one such FTZ subzone in the Nashville area.