Foreign Trade Zone
Lincoln has a 2,000 acre allotment in a three-county area designated under the Foreign Trade Zone’s Alternative Site Framework program. FTZ 59 is administered by the Lincoln Chamber Economic Development Corporation . A foreign trade zone is a designated location in the United States where companies can use special procedures that help encourage US activity and value added by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings and logistical benefits.
The Lincoln zone has two sub zone users, Kawasaki, and CNH in Grand Island. A 372-acre magnet site was established in 2011 and is located generally at the Lincoln Airpark West site.
The program is administered federally by the Foreign Trade Zone Board through the U.S. Department of Commerce. For more information, contact Luke Peltz, 402-436-2373.