Onward NRV Attends Foreign Trade Zone Seminar

Samantha Livesay, Senior Director of Business Engagement, recently attended the National Association of Foreign-Trade Zones (NAFTZ) Fundamentals of FTZs course held in Washington D.C. This one-day seminar was a great opportunity for Samantha to continue her learning and understanding of the U.S. Foreign-Trade Zone (FTZ) program. Led by industry experts, the one-day course covered essential topics such as FTZ benefits, the application and activation process, inventory control, and recordkeeping within an FTZ, as well as procedures for admitting and withdrawing merchandise. Samantha found the experience particularly beneficial because of the networking opportunity it provided alongside other grantees, operators, representatives from the FTZ Board, and brokers from third party logistic companies.

Onward NRV is the grantee of Foreign Trade Zone #238. Foreign Trade Zones are secure and enclosed areas located near or in a port of entry. An FTZ is considered to be outside of the U.S. customs territory, meaning that foreign and domestic materials or merchandise may be moved into it without being subjected to U.S. customs duties until the goods have entered into U.S. commerce.

Visit the FTZ#238 website here.

To get more information about FTZ#238 and how it can benefit your business, contact Senior Director of Business Engagement Samantah Livesay at samantha@onwardnrv.org.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.

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