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Posts Tagged ‘Pease International Trade Port’

New Hampshire Granted Alternative Site Framework Designation; Widens Trade Opportunities for Businesses

Monday, November 19th, 2018

Service area for the Alternative Site Framework for FTZ #81

The state’s application for federal approval to expand Foreign Trade Zone #81 has been approved by the Foreign Trade Zones Board, according to Geno Marconi, director of the Pease Development Authority, Division of Ports and Harbors. 

The state’s four Foreign Trade Zones, located at the Pease International Tradeport; the Manchester-Boston Regional Airport; the Market Street Marine Terminal in Portsmouth, and the Portsmouth Industrial Park are reorganized under the Alternative Site Framework, which includes all or parts of nine of the state’s 10 counties. FTZs authorized by the federal government are typically located adjacent to U.S. Customs Ports of Entry and enable companies to defer, reduce or eliminate duties on imported merchandise. Potential users of the FTZ can now utilize its benefits within approximately 30 days from the time an application is accepted for filing; previously, applications took up to a year.

“This is another step toward our aggressive goal of enabling businesses in New Hampshire to find profit and success in the international marketplace,” said Commissioner Taylor Caswell of the Department of Business and Economic Affairs. 

The Foreign-Trade Zones Act of 1934 provided financial incentive to companies, which would have operated offshore, to locate within the United States, to create jobs and stimulate the economy. 

Foreign-Trade Zones are areas designated by the FTZ Board and are under the supervision of U.S. Customs and Border Protection. For the purpose of assessment and collection of import duties, foreign imported merchandise entered into a zone is considered not to have entered the commerce of the United States, so duties are not paid while the merchandise remains at the site. Depending on the final disposition of merchandise, duty deferral, duty reduction and/or duty elimination are potential zone benefits. 

For information on New Hampshire’s Foreign Trade Zones, contact Marconi at the Division of Ports and Harbors, 555 Market St., Portsmouth, 603-436-8500 or g.marconi@peasedev.org

5 Questions with High Liner Foods

Friday, March 13th, 2015

High Liner Foods is the largest prepared seafood processing operation in North America. Last year, the company reported $1 billion in annual sales for the first time in its 115-year history and capped a terrific 2014 by moving its US headquarters from Danvers, Mass. to the Pease International Tradeport in Portsmouth.

Keith Decker, president and COO of High Liner Foods, said of moving the business from Massachusetts to New Hampshire, “The relocation and design of the new building will help us serve our customers better and attract and retain the top talent required for continued growth into the future.”

To get some valuable insights into the business relocation process, we interviewed Jim LaBelle, vice president of food service marketing, and Mark Leslie, vice president of business integration and special projects, at High Liner Foods. Both worked directly with Michael Bergeron, senior business development manager at the Division of Economic Development, to facilitate the move.

High Liner Foods invested $1 million in its test kitchen.

High Liner Foods invested $1 million in its test kitchen.

Thinking back to the beginning of your relocation process, what were the biggest factors that inspired you to explore the idea of relocating?

The biggest factor for us was we sold our existing facility to a company that needed our production space, which we no longer needed. That necessitated a need to find a new office facility for our US headquarters team.

What were the main reasons New Hampshire came out on top for you?

We wanted to be closer to our production facility, which is in Portsmouth. We wanted a modern but affordable solution that could be a showcase facility for our employees and customers. And we wanted a standalone building. New Hampshire rose to the top with all three of our criteria.

You worked with Michael Bergeron at DED during your relocation project. What were two or three of the most helpful things he did for you?

Michael helped us put together an initial meeting with city officials to discuss a couple of outstanding issues before we selected the site, put us in touch with local health officials to work through permitting issues, and explained potential government economic development incentives available to us in New Hampshire. He was invaluable throughout the process.
What advice would you give to other companies exploring a move to another state?

It’s important to develop a network of local experts and officials that you can reach out to when issues arise for resolution input. It’s also helpful to understand what economic development opportunities and incentives might be available.

What’s next for High Liner Foods? What big things do you have planned for 2015?

At High Liner Foods, we’re focused on bringing our customers innovative, on-trend seafood products to help them succeed, so that is always our main priority. We’re also excited to now be able to host our customers in a world-class facility in a world-class community.