Regional Economic Development2001 South State Street S2100PO Box 144575Salt Lake City, UT 84114-4575
Salt Lake County has a deep interest in the establishment of
an inland port. This interest stems from the County’s historical position as
the Crossroads of the West and its desire to facilitate increased engagement
with the global economy.
At the Utah Global Forum on October 24, 2016, Governor Gary
Herbert announced that the State will be contributing to the formation of an
exploratory team that will guide the next steps in evaluating the development
of an inland port.
Union Pacific Rail links Salt Lake County to major sea ports - Los Angeles, Oakland, Portland, & Seattle
I-15 and 1-80 sustain the region as Crossroad of the West
One or two-day truck ride to almost every major city in the Western U.S.
Central distribution point along Canada/Mexico corridor
Foreign Trade Zones (FTZs) are areas within the U.S. that
are considered exterior to U.S. commerce through federal designation. Because
of this designation, businesses can import goods or components into an FTZ
without paying duties at the time of import. While the goods and components are
in the FTZ, they can be warehoused, assembled, manufactured, processed,
packaged, tested, cleaned, and exhibited. As long as the goods or products
remain within the FTZ, they are exempted from duties. Only when goods are
shipped to domestic destinations and enter U.S. commerce are applicable duties
paid. Duties are generally not applicable to goods or products that are
scrapped, transferred to another FTZ, or exported. Taking advantage of FTZs can
allow businesses to defer, reduce, or eliminate payment of duties entirely.
Salt Lake County’s FTZ #30 serves as a tactical tool for
leveraging the region’s unique assets to create a more economically robust
environment. Together with rail, interstate, and air transport options, FTZ #30
can help connect Salt Lake County more fully with the global market and
catalyze the establishment of an inland port within the region, cementing Salt
Lake County’s position as the “Crossroads of the West”.