The Georgia Foreign-Trade Zone (GFTZ) was named best in the nation for the second year in a row by Site Selection magazine this month, just days after Georgia was announced as the best state for businesses for the sixth year running.

The FTZ was chosen by Site Selection magazine after a survey of over 1,000 supply chain executives and consultants. Among other qualifications, the survey measured each zone’s record of success, ease of access to data, and ability to cater to clients speaking different languages.

GFTZ and Georgia Businesses

The GFTZ has become an integral factor to the success of the Georgia economy, as well as its status as the best state for businesses. FTZs boost the competitiveness of domestic manufacturers in the global market by allowing them to defer or reduce tariffs on imported components of their products. Additionally, the 84-year-old GFTZ boasts a fortified local workforce as well as local investment.

In a news release, GFTZ Board Chairman Joe Bankoff said, “By reducing the cost of doing business for job creators in our economy, we’re supporting job growth, wage growth, and productivity. This is an important program, and I’m proud of the work that we’re doing to keep Georgia moving.”

And GFTZ isn’t done growing yet. Julie Brown, CEO of GFTZ, urges businesses that operate global supply chains to be aware of the benefits of FTZs and the ways FTZs create jobs for the communities around them. Brown said, “It’s our goal to be the best partner that our clients have to optimize the receipt of merchandise from a global supply chain.”

If you’d like to learn more about GFTZ’s latest recognition or about the benefit of operating in an FTZ amid trade uncertainty, visit Global Atlanta’s news release and commentary by Julie Brown.