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Erick Stewart | STEWART Industries Foreign Trade Zone (FTZ)

Michigan Business Beat
November 15, 2019 7:00 PM


Jeffrey Mosher speaks with Erick Stewart, President, Stewart Industries, Battle Creek, Michigan. Finding out about his and the company's path to a new project that has launched this fall.

To hear Erick and Jeffrey discuss the company and the new Foreign Trade Zone, click play on the PodCast!

Recent trade and tariff disputes, are set to impact Michigan manufacturers and businesses as a result companies are looking for cost-saving options. This FTZ offers an alternative to help local businesses thrive in the impending economic downturn.

STEWART Industries Foreign Trade Zone (FTZ) could save business threatened by tariff wars up to 80% in reduced tariffs. Located in Michigan, and with 20 years of manufacturing experience, STEWART understands those in the community who have been affected by the economy's changes.

STEWART Industries FTZ is unique as it allows those who use their services to save even more money. As sub-assemblers, STEWART employees inspect the parts and pieces within the FTZ for defects. Those items which don’t pass inspection will be destroyed, meaning the customer won’t be subject to its customs or duty charges.

A Foreign Trade Zone (FTZ) is an area that is considered to be outside of the commerce of the United States for customs purposes only. These are areas where imported goods can be stored, distributed, processed, and used without being subject to customs duty. FTZs provide customs-related advantages. Specifically, Foreign Trade Zones help U.S. companies compete in the global marketplace by eliminating, deferring, or reducing duties and potentially reducing other costs.Fall 2019 Michigan Future Business Index survey

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Michigan Business Beat, hosted by Chris Holman, discusses economic development, new or unusual entrepreneurial initiatives, and successful business practices from different regions and industries around Michigan with a wide range of entrepreneurs and business leaders.

8:00 AM every Monday through Friday
Replay: 8:00 AM, 2:00 PM, 8:00 PM, 2:00 AM The music for 'Michigan Business Beat' is graciously shared use of Phil Denny's "Traffic Jam" off his 2012 CD 'Crossover'

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