Follow this message for information about traveling during the COVID-19 crisis. PASSENGERS ABOUT RIC ECONOMIC IMPACT Richmond International Airport (RIC), the gateway to Virginia's Capital Region, plays a vital role in the Central Virginia regional economy. According to the Virginia Department of Aviation, the activities of RIC and its tenants are responsible for nearly 16,000 jobs and annual economic activity of nearly $2.1 billion. The airport also plays an important role in attracting economic development and supporting world-class business operations. Master Plan The primary purpose of the Master Plan update is to serve as a general guide for the orderly, timely and logical development of Richmond International Airport (RIC) so the facility can serve the aviation and economic development needs of Virginia's Capital Region over the next 20 years. Please see the Master Plan Update Executive Summary and the Airport Layout Plan below. Foreign Trade Zone (FTZ) #207 Richmond International Airport has been designated a Foreign-Trade Zone (FTZ) #207, where foreign and domestic merchandise is considered to be in international commerce (not in U.S. Commerce territory), meaning that foreign merchandise may be admitted into the foreign-trade zone without payment of Customs duties or government excise taxes. The Capital Region Airport Commission acting as Grantee for Foreign-Trade Zone #207 has been reorganized and operates under the Alternative Site Framework (ASF) pursuant to US Dept. of Commerce, FTZ Board Order No. 1950 as published in the Federal Register No. 201, on October 17, 2014. THE BENEFITS OF USING A FTZ FTZs allow businesses to reduce the costs associated with production, transaction and logistics. While FTZs remain under the direct supervision of U.S. Customs and Border Protection, businesses don’t pay duties on imported goods that are later re-exported. Additionally, businesses can benefit from the delayed payment of duties on goods that enter the U.S. market. Other benefits: Merchandise isn’t subject to state, local or inventory taxes. Penalties and fines can be avoided for materials with incorrect origin markings. Merchandise can be transferred from one FTZ to another, to a subzone or, for certain activities, temporarily removed from the FTZ. Frequently Asked Questions What is the U.S. Foreign-Trade Zone program? What activities are permitted with a Foreign-Trade Zone? What is duty deferral? What is zone-to-zone transfer? Is duty elimination available in the FTZ? Is duty reduction or inverted tariff relief available in the FTZ? Resources U.S. International Trade Administration Foreign-Trade Zones Board FAQs Foreign-Trade Zones: Supporting U.S. Competitiveness and Jobs (PDF) FTZ Savings Calculator Resources PointTrade Services, Inc. International Trade Administration Economic Impact Study RIC - Economic Impact Summary Virginia Airport System Economic Impact Study - Executive Summary Sign up for our e-Newsletter to receive up-to-date information for all things RIC. First Name Last Name Email Address CAPTCHA Connect Capital Region Airport Commission 1 Richard E. Byrd Terminal Drive, Suite A Richmond International Airport, VA 23250 © 2021, All Rights Reserved. Employee Email Access Website Terms & Conditions Privacy Policy Passengers Airline Information Airport Parking Ground Transportation Route Map Flight Tracker Airport Services Shopping and Dining Terminal Guide Baggage Claim TSA Info and Travel Tips FAQs About RIC News Subscribe to e-Newsletter Monthly Statistics Financials Media Services Visiting the Region RIC Google Map Richmond Region Resources Airport Area Hotels Richmond Raceway Airport Information Mission Statement Airport Commission Public Meetings Rules and Regulations Public Notices Field Information General Aviation Air Cargo History 90th Anniversary Tarmac Delay Plan Economic Impact Business Opportunities Supplier Diversity In-Airport Advertising Employment Contact Us Living The Values Pay Citations Online