How Port Authorities can be used for

Economic Development

MEDFA ANNUAL CONFERENCE

October 8, 2015

Thomas J. Winston

Vice President,

Administration & Chief Financial Officer

Toledo-Lucas County Port Authority

Agency History

Began with “traditional” Port operations Seaport Operations Airport Operations

Incorporated Surface Transportation Acquired Central Union Terminal (now MLK Plaza)

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In 1955, the State of Ohio enacted the Port Authority Act to take advantage of the newly created St. Lawrence Seaway. Founded on July 18, 1955, the Toledo-Lucas

County Port Authority became the first port authority in Ohio.

Toledo-Lucas County Port Authority

Today’s Agency

Continue Transportation operations Implemented Development efforts

Financing Programs Brownfield Redevelopment Community Outreach Initiatives

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The Toledo-Lucas County Port Authority’s business is transportation and development. That business is shaped by our mission to move people and cargo through the region while

employing innovative programs to stimulate development in our region.

Development Finance Toolbox

Financing Overview

Bedrock Tools Northwest Ohio Bond Fund (S&P Rating: “A-”) Conduit Bond Issuances & Capital Leases

Targeted Tools Tax Increment Financing Joint Economic Development Districts Energy Special Improvement Districts

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The Toledo-Lucas County Port Authority has developed a national reputation for innovative business financing, assisting over 350 economic development projects representing a total

investment of more than $1.9 billion while helping to create and retain over 18,500 jobs.

Development Finance Toolbox

Financing Overview Investment Tools

EB-5 Regional Center New Market Tax Credits

Northwest Ohio Improvement Fund Foreign Trade Zone

Access to Capital Tools SBA 504 Loan Program Ohio Regional 166 Loan Program

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Development Finance Toolbox

Financing Overview Access to Capital Tools (continued)

RLF Diversified Contractors Accelerator Program (DCAP)

Microloan Program Economic & Community Development Institute

Support Tools Grant opportunities CDBG, HUD 108

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Project Examples

Ironville Bond Financing

Northwest Ohio Bond Fund

Federal & State Incentives Grants, New Market Tax Credits

Local Incentives CRA property tax abatement

Brownfield Redevelopment Former Gulf Oil Refinery Site

Public-Private Partnership

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Project Examples

Ironville

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Project Examples

The Anderson’s HQ Bond Financing

Northwest Ohio Bond Fund Lease Revenue Bonds

Capital Lease Structure State Programs

Ohio 166 Direct Loan

Local Programs and Incentives Property tax abatement TIF structure

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Project Examples

Overland Industrial Park Bond Financing

Northwest Ohio Bond Fund

Federal Grants State Programs and Incentives

Grants, JobsOhio Loan, Job Creation Tax Credit, ODOT Roadway Funding

Local Programs and Incentives Grants, Utility Infrastructure Funds, Toledo Expansion Incentive

Public-Private Partnership Brownfield Redevelopment

Former Jeep production site

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Project Examples

Overland Industrial Park

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Project Examples

Overland Industrial Park

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Economic DevelopmentPartners

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For More Information...

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