The Port Authority of New York & New Jersey is the Grantee for FTZ No. 49, which was established in 1979.
FTZ 49 is one of the largest contiguous foreign-trade zones in the United States.
In fiscal year 2010, the value of foreign merchandise received and forwarded through FTZ 49 totaled $6.6 billion in the general-purpose zones and $16 billion in the subzones, for a grand total of $22.6 billion. This represents an 11% increase from the previous fiscal year.
Among the current FTZ 49 users are motor vehicle importers, auto processors, multiple-use warehouse operators, and a frozen orange juice concentrate importer.
FTZ 49 also sponsors nine active subzone operators involved in manufacturing, pharmaceuticals, petroleum products, specialty chemicals, fragrances, and a watch importer/distributor.
FTZ 49 provides direct employment for approximately 5,000 people and indirect employment for several times that number in the form of suppliers and service providers throughout the communities that FTZ 49 serves.
Today, FTZ 49 comprises the following acreage (owned and operated by private-sector partners):
We’d love to show you how establishing your manufacturing and/or distribution center in the Port of New York and New Jersey’s FTZ 49 can help your business grow while improving your bottom line.
For more information, visit www.panynj.gov/portftz-49.html.
Or contact Amanda Valdes, FTZ 49 Project Manager by calling (973) 578-2125 or email: Avaldes@panynj.gov.