The Miami-Dade Aviation Department (MDAD) gained final approval from the US Department of Commerce to designate Miami International Airport‘s entire 3,230-acre land parcel as a Foreign Trade Zone (FTZ) magnet site.
The magnet site designation allows existing or prospective airport tenants to operate manufacturing, warehousing and/or distribution centers on airport property, and have their federal tariffs deferred, reduced or eliminated – providing time and cost savings for approved importers and exporters.
