Foreign-Trade Zone

Learn more about our foreign trade zone in Lawrence County

Image of the Mid-American Air Center which is located in the FOreign Trade Zone
Lawrence County

What is a Foreign-Trade Zone?

A Foreign-Trade Zone is a specially designated area, in or adjacent to a U.S. Port of Entry, which is considered to be outside the Customs Territory of the U.S.. The following is a partial list of the many benefits you can attain when using our Foreign-Trade Zone or Subzone:

  • No duty is ever paid on re-exported merchandise from a zone
  • If the merchandise is sold domestically, no duty is paid until it leaves the zone or zones.
  • Generally, duty on waste or scrap is eliminated or reduced.
  • If foreign merchandise is manufactured into a product which has a lower duty rate, then the lower duty rate applies on the foreign content when duty is tendered. No duty applies to domestic content.
  • If the foreign merchandise has a lower duty rate than the finished product then the lower duty rate applies
  • Both foreign and domestic merchandise in a zone may be stored, repacked, manipulated, manufactured, processed, destroyed, or otherwise altered or changed.
  • Generally, when foreign merchandise is sold to the U.S. Government, no duty is charged.
Our Vision & Mission

WHY JOIN US?

Our vision is to create a vibrant and prosperous economy in Lawrence County, where businesses can thrive and residents can enjoy the benefits of an enhanced quality of life

The LCIDC will foster economic development opportunities with a vision for growth and sustainability by promoting the county’s unique assets, providing resources to local businesses, and advocating for strategic investments that benefit the community.

Our Official Mission Statement:

To encourage the development of industrial, commercial, wholesale, retail, service, professional and/or other supporting businesses which will provide job opportunities, broaden the tax base and improve the quality of life in Lawrence County, Illinois.