The Port of Seattle received an award from FDI Magazine, a division of the Financial Times, which focuses on foreign direct investment research. In their 2014 annual global free trade zone awards, the Port was recognized for the ‘highest growth in occupied space’ in the Americas for efforts around Foreign Trade Zone (FTZ) #5, and its 72 percent expansion, from 33,180 square meters to 57,238 square meters. The increase was due mainly to customer Tommy Bahama’s business growth in 2013.
“Tommy Bahama provides jobs in Washington, and all of us at the port are pleased to be able to help them grow in Washington,” said Port of Seattle Commissioner Bill Bryant. “We also want to thank FDI Magazine for recognizing the great resource that a Foreign Trade Zone can bring to import/export businesses in our region.”
The Port of Seattle is the administrator for Foreign Trade Zone #5. FTZs are a designated, secure site physically located inside the borders of the United States, but considered outside of U.S. Customs territory. For more information on how an FTZ can benefit your business, visit our website.
About the Port of Seattle
Founded in 1911, The Port owns and operates Seattle-Tacoma International Airport, four container cargo terminals, two cruise ship terminals, one grain terminal, a public cargo terminal, four public marinas, and manages a number of real estate assets for financial return and economic advantage. The port’s operations currently help create nearly 200,000 jobs and $7 billion in wages throughout the region. Over the next 25 years, the port’s “Century Agenda” seeks to create an additional 100,000 jobs through economic growth while becoming the nation’s leading green and energy-efficient port. Learn more at www.portseattle.org.
