![]() “We’re thrilled to see this new website come to fruition,” added Nyika Allen, Director of Aviation for the City of Albuquerque. In 2017, the City reorganized under Alternative Site Framework, which identified a geographical service area encompassing much of central New Mexico, allowing companies to utilize the FTZ without having a physical location at the Sunport. Albuquerque Foreign Trade Zone #110 encompasses over 60 acres of land at the Albuquerque International Sunport that was granted to the City’s Aviation Department in 1984. Users of FTZs avoid or defer paying import duties on raw materials, parts, and components, among many other benefits. It is very timely that we unveil this new tool to promote our FTZ as we look at every opportunity to position Albuquerque to capitalize on some of the long-term economic changes to come in the near future.” Albuquerque for a long-time now has had an opportunity to be a major player in foreign trade. Synthia Jaramillo, Director of Economic Development for the City of Albuquerque said, “International trade is one of the six key pillars of our economic development strategy at the City. Participating in the program allows developers to be certified “FTZ Ready” which they can leverage to recruit industrial tenants. This program is designed to educate local industrial real estate developers about what types of industry utilize FTZs and their benefits. The City’s new FTZ promotional efforts also include a new “FTZ Ready” program. It provides information about the benefits of foreign trade zones, how to apply to operate within an FTZ and highlights the many advantages of choosing Albuquerque FTZ #110. The website is among the most comprehensive in the country. “Albuquerque’s location along the country’s two major interstates, our rail infrastructure, our proximity to Mexico, and our foreign trade zone capabilities have always made Albuquerque an ideal location for foreign trade.” “We anticipate a significant amount of reshoring of manufacturing as a result of the COVID-19 pandemic supply chain disruptions,” said Albuquerque Mayor Tim Keller. ![]() The new website will position and promote Albuquerque as the ideal location for global companies who are looking to relocate to more stable, healthy, and strategically-located cities as they adjust to supply chain disruptions due to COVID-19. Today, Mayor Tim Keller unveiled a new website to promote Albuquerque’s foreign trade zone (FTZ).
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