OCR Text |
Show Enterprise Review , May 5, 1976 Page 3b Trade Zone Holds Competitive Advantage Discussion surrounding flow. Goods can also be stored location of a proposed foreign without being subject to quota trade zone is drawing as much requirements. interest as the proposal itself. Executive Secretary of the Although most business Foreign Trade Zones Board is people and public officials scheduled to be in Salt Lake seem to agree the zone would City this week to discuss the help cultivate Salt Lake as a project. hub of transportation, locaEmmanuel Floor, president tion of the zone is a politically of Salt Lake International and sensitive subject. It could act a major proponent of the zone as a competitive advantage to for three years, hopes to gain the area it serves, taking approval for the zone within business away from existing the industrial park he is industrial districts. developing near the Salt Lake Manufacturers who use International Airport. Floor, however, says the imported materials and importers who maintain goods in inventory benefit the most from a foreign trade zone. The zone is a duty-fre- e district in which businesses can store, exhibit, assemble, manufacture or otherwise process imported goods without formal customs procedure. Relieved of paying duty until the imported goods actually enter the stream of domestic commerce, a business can improve its cash zone is actually operated at a Most operators of a loss. foreign trade' zone lose money on the zone itself. While he expects he would lose money as an operator, Floor believes he would profit from ware- houses, manufacturing plants, assembly plants and remarking activities taking place on the property. The zone, like railroad tracts and water, is not a money-makin- g venture, said - but is an important service for a large industrial park such as the International Center. A foreign trade zone was built into the ground floor of our plans for the center, he added. Indeed, the firm's Floor, brochure advertises provides security, paperwork and customs offices. The city commission will make application for the for-- , eign trade zone but turn over actual operation to private business and the U.S. Cus- the toms Division. advantages of the zone should its application be approved. Floor claims four Utah firms would move to the Salt Lake International Center tomorrow The city is not required to file the application, but according to Dale Carpenter, director of Utah Industrial . PriDevelopment Division, vate business wrould probably not be successful. The Zones Board seems to want to see a cooperative effort between public and private parties. In order to prevent charges of political machination, Salt Lake City is advertising publicly for investors interested in establishing and operating the zone. should the zone be approved for that site. One firm indicated to Floor that it cannot even operate until such a zone is established. We have had good response from 5 firms saying they would be very interested in locating manufacturing facilities in the zone, Floor said. He expects approval of the zone for the Salt Lake International ' Center would attract industry that is lightweight and of high value. Operated like a public utility, users of the zone pay a fee for its services and the operator . 10-1- MFS Plans $14.8 Million Reservoir i A $14.8 million storage million cubic feet of gas per in the future, but they have reservoir for natural gas is day for 100 days. Although not yet applied for permission continued on page 4b planned for v development by Northwest has use of two Mountain Fuel Resources, other reservoirs subsidiary of Mountain Fuel Supply. To be located in the Clay Basin gas Held in Daggett County, Utah, the reservoir would store natural gas for country, the one at Clay Basin would be the largest. n dollar The Northwest Pipeline Corporation. Northwest has been short an average of 225 million cubip feet of gas per day during the last three winter seasons. According to Joseph Vallely of Northwest, the shortage has been due tb technical difficulties in Canadian suppliers wells, arising from an unexpected mix of water with gas. While Mountain Fuel Resources would develop and operate the storage facility, Northwest would pipe the natural gas in and out of the reservoir from its main pipeline fifteen miles away. Within five years the storage facility is expected to supply 500 in the multi-millio- project includes construction of a h pipeline from Gay Basin to Northwests interstate transmission line, the installation of two 2,600 horsepower compressors, and construction and installation- of gathering lines, dehydrators and metering and control faci. 20-inc- - lities. According to Ray Work, Engineering Supervisor for Mountain Fuel, application was made to the Federal Power Commission March 3 to develop the reservoir. Mountain Fuel Resources has been planning and studying the venture for six months, he said. According to Work, Mountain Fuel Supply could also store gas in the reservoir DECKER LAKE Business Park ITS PROBABLY lO TO 20 PERCENT TOO HIGH If we can't save you money on your shipping costs- -a lot of money-won't a charge you thing. We can afford to make this guarantee because we know that you are probably being overcharged. Freight rates are enormously complex (over 20,000 changes just last month) and freight companies often overcharge shippers unknowingly. NJS Associates are specialists, distribution consultants. We have saved some of our clients over $100,000 annually in distribution costs. Chances are--if you spend can save your firm 10 to 20 a minimum of $10, (XX) each year in freight-- we percent, even if you already use an auditing company. And, because our fee is nothing more than a percentage of the money that we save you, we wont cost you we . Warehouse and manufacturing space. 1440, 1800, 2700, 6000, 40,000 sq. ft. .office and overhead door. Offices carpeted and fire sprinklered. Large drive-i- n doors. Some with dock-hig16 ft. and 18 ft. ceilings. Central location. Easy freeway access. 2300 So. Redwood. Rd. area. Inquire, 1847 W. h, 2300 So. a dime. Dont assume your distribution costs are correct. It wont cost you a thing to have us check it out. It may save you a bundle. Call us today. 487-179- 5. ASSOCIATES 2161 S. Regent St., Suite 7 Salt Luke City. Utah 84115 phone (801) 485-265- 1 |