Foreign Trade Zone

Foreign Trade Zones (FTZ) are designated areas which are considered outside of U.S. Customs territory. Companies that operate in FTZ designated areas can defer, reduce, or eliminate customs duties on foreign products that are brought into the zones for storage, exhibition, assembly, manufacture, and processing. Customs duties are not paid on products and materials exported from foreign-trade zones; they are paid only on products entered into U.S. Customs territory. Zone users may elect to pay the duty rate applicable to either the original foreign material or the finished product manufactured from the foreign material, whichever is lower. No duties are owed on scrap/waste. Zones provide the opportunity to reduce cycle time by expediting the receipt of foreign sourced material and filing summary entries only once per week. This makes many U.S. operations more cost-competitive with overseas operations.

As of January 2021, Foreign Trade Zone designation can be brought to any company within New London County.


Tom Bombria

City of New London Office of Development and Planning

Phone: (860) 437- 6346

Category: Incentives

More Incentives

The Additive Technology Adoption Program (AMAP) seeks to infuse additive manufacturing technologies into the production processes of Connecticut manufacturers.   A program of the Connecticut Manufacturing Innovation Fund, the AMAP program is a partnership of the state Department of Economic and Community Development (DECD) and the Connecticut Center for Advanced Technology... Learn More
This program provides tax incentives for manufacturers and certain related businesses that build or substantially renovate facilities in the Groton-New London Airport area. For details, refer to the Groton-New London Airport ADZ Overview. Learn More
Low-interest loans for brownfield investigation, assessment, remediation and development. Available for manufacturing, retail, residential or mixed-use developments, expansions or reuses. Contact Paige Bronk, 860-446-5960 Learn More
Financing solutions for technologies such as high-efficiency lighting, HVAC upgrades and renewable energy systems. Programs include: New Construction/Gut-Rehab Energy Efficiency/Deferred Maintenance Historic Tax Credits Go to or or call 860-257-2176. Learn More
The U.S. Small Business Administration (SBA) is offering a new financial assistance loan expressly for existing small and start-up businesses in underserved areas through the Community Investment Corporation ( in Connecticut. This loan program offers financial and technical assistance to help small businesses adapt to changin... Learn More
Wage and training subsidies to promote the hiring of unemployed jobseekers.  Six-month wage subsidy or training grants of up to $12,500 available per new employee. Contact the Linda Riquier at, 860-455-1555 or go to Details about the program can be found here. Learn More
Save energy and reduce your energy bills with incentives, rebates, financing and services for energy efficiency and clean energy improvements. Go to Learn More
Residential and non-manufacturing commercial property in the Enterprise Zone which is either newly constructed or rehabilitated is eligible for graduated deferral of assessment increases over a seven-year period. Learn More

This grant program is intended to help Connecticut supply chain companies with the adoption and integration of IoT solutions. The program will provide matching grants up to $20,000 for hardware, sensors, platforms, and related third-party integration services.

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Tax abatements and fixed assessments targeted towards projects with high anticipated job-creation or other economic benefits.   Eligible uses include: Construction, Expansion and Renovation Facilities & Manufacturing Machinery Equipment Upgrades Contact Paige Bronk at 860-446-5960 Learn More
Incentive-driven direct loans for projects when there is a strong economic development potential. Eligible investments include: Planning, engineering, market studies, etc. Acquisition of property or equipment Construction, renovation, demolition Contact Tricia Paesani at 860-270-8215 or Learn More
Matching (50%) grants for training projects that equip workers to begin or advance their careers—targeted towards economically vital industries with high-growth occupations, e.g., Adv. Manufacturing, Bioscience. Please contact Bernice Zampano at (860) 263-6732 or via email at for further assistance with the program. More details, as wel... Learn More
To help keep pace with state-of-the art product development and manufacturing technology, the Manufacturing Innovation Fund Voucher Program provides companies with access to capital to help them obtain new equipment and the expertise they need to become more efficient, productive, and competitive. Up to $25,000 matchin... Learn More
The State Trade Expansion Program (STEP) grant is designed to help Connecticut’s small business community thrive in the global marketplace by increasing the value of small business exports, increasing the number of businesses that export and increasing the number of businesses exploring significant new trad... Learn More