Office of Economic Development | Town of Islip

Hauppauge-based pharmaceutical firm LNK International recently became the third company in 2018 to qualify for designation in our foreign trade zone (FTZ). Their inclusion will make them exempt from many U.S. Customs rules and regulations and allow them to defer, reduce or eliminate tariffs on merchandise trade.

The Town of Islip is home to the only FTZ on Long Island. Through our alternate site framework program, we can help companies across Islip establish a FTZ designation at their existing locations. This doesn’t just benefit companies like LNK and its 1000 employees, but positively impacts the entire region’s economy.

 

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