The Tejon Ranch Commerce Center is located at the junction of Interstate 5 and Highway 99 in central California, about 60 miles north of Los Angeles and less than 25 miles south of Bakersfield. It is the gateway to California’s Golden Empire, a geographic region noted for its energy and agricultural industries and home to major distribution and manufacturing facilities for the country’s leading companies, including IKEA, Famous Footwear, Target, Sears, Wal-Mart, Frito Lay, Nestle, Car Quest, Formica, and the world’s leading producers and exporters of pistachios, almonds and carrots – Paramount Farms, Grimmway Enterprises and Bolthouse Farms.
The Tejon Ranch Commerce Center offers a premiere retail location at one of California’s busiest highway junctures — where Interstate 5 and Highway 99 come together. 3.2 million people live within an hour’s drive of the location, with average household incomes exceeding $80,000, a disposable income level that’s one of the highest in California.Nearly 80,000 vehicles pass the site daily, with more than a million passenger vehicles already exiting each year at the primary Tejon Ranch exit, reinforcing the historic position of the location as a way station. The Starbucks at the thriving Tejon Ranch Commerce Center is considered to be one of the top performers in the chain, demonstrating the vast number of visitors stopping at this location.
- Duty Deferral: Imported products admitted to the FTZ are not entered into Customs territory until they are withdrawn from FTZ. Therefore, users obtain a cash flow savings by deferring Customs duties until the merchandise leaves the FTZ for consumption in the U.S.
- Direct Delivery and Weekly Entry/Export: From a just-in-time inventory perspective, the FTZ program offers significant benefits. Users may obtain permission from Customs to move merchandise directly from port of arrival to the FTZ avoiding delays at congested ports. On the outgoing side, users may obtain permission to ship unrestricted weekly (24/7) based on an estimate approved by Customs before the start of the business week. Broker fees and merchandise processing fees paid to Customs may be significantly reduced by filing one entry per week versus daily entries or one per shipment. Goods move in and out of the facility on an expedited basis allowing for a seamless supply chain from vendor to customer without maintaining unnecessarily high levels of inventory.
- Duty Reduction: Imported products admitted to the FTZ can be placed in a special status that allows the merchandise to be classified in its condition as it is withdrawn from FTZ. For manufacturers this means that an imported component with a higher rate of duty can be classified and appraised in its finished product form, with potentially lower rate of duty.