Export figures are growing exponentially for businesses within the area of Long Island. But in order to better compete with their counterparts in the globe marketplace, Long Island companies must be able to reduce costs such as export tariffs, taxes and duty. It’s for this reason that local New York warehousing services company International Warehouse Group is now working with local politicians to expand a Foreign Trade Zone (FTZ) area across Suffolk County. Local business officials believe Suffolk County is in a prime position to improve local business performance and the expansion of the current Foreign Trade Zone will be a crucial element in that success. As one of the foremost companies for New York warehousing services, International Warehouse Group works with clients across the United States in shipping their products to various destinations overseas. The company’s work on the new expansion of the Foreign Trade Area in Suffolk County is designed make the export and import process more affordable for all organizations working with Suffolk County partners. New York area politicians are now working on the project with Suffolk County continuing to bring increased revenue to the greater New York area in recent years. In fact, the county currently contributes 8.4% of New York State’s exports value of $11 billion each year. It’s clear that the issue will have a wider impact on businesses across the country the more free trade policies expand both nationally and internationally. The Free Trade Zone #52 was originally brought to the area of Suffolk County in 1980. And its effect on the overall local economy has been transformative. There are more employment opportunities and income within the area than ever before. However, with the zone not including all Suffolk County companies, those further afield in Melville, New York, such as warehousing leaders International Warehouse Group are at a disadvantage. International Warehouse Group CEO Jeffrey Heydt is optimistic on the expansion’s success within the region. He gave the following comment to New York Newsday on the issue of the Free Trade Zone: "I would like to thank Senator Gillibrand and Suffolk County Executive Steven Ballone for their push for Suffolk County's restructuring. This restructuring will allow Suffolk businesses, including my own, to access this program in an expedited way and bring with it quicker savings. Saving money with hopes of bringing manufacturing back to Long Island is a win-win." The International Warehouse Group team continues to work with policymakers to ensure local businesses have the best government to support to compete with their global counterparts. The expansion of the FTZ will help bring more jobs and economic prosperity to Long Island in the long-term. And International Warehouse Group will continue to represent business leadership within the community on this highly important issue. To learn more about the work of International Warehouse Group, contact their company headquarters today and speak with an on-site specialist. Qualified personnel are standing-by to support you firm’s unique growth needs. International Warehouse Group is one of the leading New York based providers of cutting edge logistics solutions. To learn more about the organization, please visit their website at www.intlwhsegrp.com.
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