Many of Utah’s business owners may not realize that the Foreign Trade Zone program was created during the Great Depression to help companies compete with overseas rivals in an era of high tariffs. Now that many Utah companies may face the reality of tariffs, it’s a great time to talk about how Salt Lake City’s FTZ can help.

The Foreign-Trade Zone act was passed in 1934 (after the Smoot-Hawley tariffs of 1930). A Foreign Trade Zone is a physical land that has been approved to be exempt from duties and taxes, until the product leaves the facility. Read more here: https://slcecondev.com/2018/10/10/using-salt-lake-citys-foreign-trade-zone-can-turn-tariffs-into-a-competitive-advantage/