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FTZ 114 — Foreign-Trade Zone 114 — EDC, Inc. The Economic Development Council for the Peoria Area

Illinois · Peoria · Port of entry: IL, Peoria

FTZ 114 is a Foreign-Trade Zone based in Peoria, Illinois, sponsored by EDC, Inc., The Economic Development Council for the Peoria Area. It allows qualifying importers and manufacturers within its central Illinois service area to defer, reduce, or eliminate certain U.S. Customs duties.

Foreign-Trade Zone (FTZ) 114 is a designated foreign-trade zone based in Peoria, Illinois, sponsored by EDC, Inc., The Economic Development Council for the Peoria Area. The zone's service area covers Peoria, Cass, Champaign, Dewitt, Ford, Fulton, Knox, Livingston, Logan, Macon, Marshall, Mason, McDonough, McLean, Menard, Piatt, Putnam, Sangamon, Schuyler, Stark, Tazewell, and Woodford Counties, along with portions of Bureau and LaSalle Counties, and it is served by the port of entry at Peoria, Illinois.

A Foreign-Trade Zone is a location within the United States, treated for customs purposes as being outside U.S. commerce, where companies engaged in qualifying activity can defer, reduce, or in some cases eliminate certain U.S. Customs duties on merchandise brought into the zone. This structure is typically relevant to importers, manufacturers, and distributors that operate or are considering operating facilities within the FTZ 114 service area described above, particularly those handling significant volumes of imported components or finished goods.

Companies evaluating whether FTZ status would benefit a specific facility in this region generally work with a licensed customs broker or an FTZ compliance consultant, who can review the facility's operations and import activity, determine whether site or subzone designation is appropriate, and help prepare and file the required paperwork with the FTZ Board and U.S. Customs and Border Protection. Sponsorship and administration of FTZ 114 rests with EDC, Inc., the grantee for the Peoria area.

Who qualifies

FTZ 114 is generally relevant to importers, manufacturers, and distributors that have, or are planning, a facility located within its service area, which spans Peoria and numerous surrounding Illinois counties. Businesses that regularly import components or finished goods through or near the Peoria port of entry may find it worthwhile to evaluate whether zone status applies to their operations. This includes companies considering new facility siting decisions in central Illinois as part of their import or distribution strategy.

How to apply

Companies interested in FTZ status for a specific facility within the FTZ 114 service area should first contact EDC, Inc., The Economic Development Council for the Peoria Area, the grantee for this zone, or a customs broker/FTZ compliance consultant to discuss whether site or subzone designation fits their operations. From there, the formal application process is administered through the U.S. FTZ Board; details on that process are available at https://www.trade.gov/how-to-apply.

Service area: Peoria, Cass, Champaign, Dewitt, Ford, Fulton, Knox, Livingston, Logan, Macon, Marshall, Mason, McDonough, McLean, Menard, Piatt, Putnam, Sangamon, Schuyler, Stark, Tazewell, Woodford Counties and portions of Bureau and LaSalle Counties

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FTZ Board source ↗

Questions people ask

What is FTZ 114?

FTZ 114 is a Foreign-Trade Zone based in Peoria, Illinois, sponsored by EDC, Inc., The Economic Development Council for the Peoria Area, allowing qualifying facilities within its service area to defer, reduce, or eliminate certain U.S. Customs duties.

Who is the grantee of FTZ 114?

The grantee is EDC, Inc., The Economic Development Council for the Peoria Area.

What area does FTZ 114 cover?

It covers Peoria, Cass, Champaign, Dewitt, Ford, Fulton, Knox, Livingston, Logan, Macon, Marshall, Mason, McDonough, McLean, Menard, Piatt, Putnam, Sangamon, Schuyler, Stark, Tazewell, and Woodford Counties, plus portions of Bureau and LaSalle Counties, all in Illinois.

What port of entry does FTZ 114 use?

It uses the port of entry at Peoria, Illinois.

Do I need a customs broker to use FTZ 114?

While not strictly required by the facts on hand, companies typically work with a customs broker or FTZ compliance consultant to evaluate fit and handle the required filings.

Is an FTZ the same as a bonded warehouse?

No, an FTZ and a bonded warehouse are distinct customs facilities, though both involve deferring or managing duties; an FTZ generally allows a broader range of activities such as manufacturing and assembly.

How do I get subzone status for my own facility?

You would contact the grantee, EDC, Inc., or a customs broker/FTZ consultant to discuss your facility, then apply through the FTZ Board's official process.

Where can I find the official application process?

The FTZ Board's application process is described at https://www.trade.gov/how-to-apply.

Is FTZ 114 limited to businesses located exactly in Peoria?

No, its service area extends across many surrounding Illinois counties, not just Peoria itself.

Who administers FTZ 114 day to day?

EDC, Inc., The Economic Development Council for the Peoria Area, serves as the grantee responsible for the zone.

Source: FTZ Board OFIS zone list (ofis.trade.gov). GetFundedUSA is independent and not affiliated with this zone's operator.