Bangor Foreign Trade Zone No. 58

The City of Bangor is the Grantee of Foreign-Trade Zone #58 and holds the authority to oversee the Foreign Trade Zone program within the five-county region (Hancock, Penobscot, Piscataquis, Waldo, and Washington Counties). With Bangor Alternative Site Framework, businesses can apply to activate FTZ status at their own facility – no warehouse required.

Does your business Import and Export?
Do you have room to store goods?
Are you located in the five-county area?

Businesses do not have to move to Bangor to utilize FTZ #58. Any qualifying site within the five counties can apply. Contact the Community & Economic Development office today.

FTZs support manufacturers, importers, and exporters, especially those dealing with global supply chains.

The benefits of an FTZ

Duty Deferral and Reduction: Pay duties only when goods leave the FTZ. Reduced duties for processed/manufactured good.
Improved Cash Flow: No duties/taxes on stored products until sold or entered into the U.S. market.
Reduced Customs Procedures: Streamlined processes reduce administrative burdens.
Exemption from Export Duties: No U.S. Customs duties/taxes on exported goods.
Operational Flexibility: Assemble, test, label, repackage, and manufacture without immediate Customs duties.

If you are interested, please reach out to Biguita Hernandez-Smith, Economic Development Officer or Brad Wall, Economic Development Specialist. Contact the Community & Economic Development Office for more information.

Receive more information about Foreign Trade Zone No. 58

FAQs

Do I need to ship my goods to a site in Bangor?

No. With the Alternative Site Framework that exists, businesses can apply to activate FTZ status at their own facility – no warehouse required – so long as the business meets application criteria.

What is the difference between a tariff and a duty?

A tariff is the tax category on imports; a duty is the specific amount charged.

What qualifies my business to apply?

Your business must import and export goods internationally. Your business must be located in Hancock, Penobscot, Piscataquis, Waldo, or Washington County. Your facility must be able to store goods until ready to go to market.

Bangor Foreign Trade Zone No. 58