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Middletown and butler county port authority economic development strategy 2013 2020 future a1
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Middletown and butler county port authority economic development strategy 2013 2020 future a1


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Port Authority history and capabilities for Middletown

Port Authority history and capabilities for Middletown

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  • 1. Butler County Port Authority Innovation & Ideas for Today and Tomorrow
  • 2. Port Authorities in Ohio Port Authority Locations 4582 Ohio Revised Code Ohio Council of Port Authorities
  • 3. Vision Statement  Mission Statement: Use powers to enhance, support, facilitate and coordinate the economic health of Butler County while validating new opportunities within our confines as prescribed in the Ohio Revised Code. Capabilities and Advantages of Port Financing •Partnerships – multi-jurisdictional •Offers long term financing •Fixed rate and lower interest rates •Sales tax exemption •Profit and non-profit organizations •Conduit for balance sheet and operating leases – possible lease cost and tax savings •Conduit for Grants – Example MRH Deconstruction
  • 4. Butler County Port Authority Projects from 2005 to 2013          Quaker Chemical $10M – 40 jobs* Middletown Regional Hospital Deconstruction $9.1M – 2,600 jobs retained and created* YMCA $17.7M – 908 jobs retained* Electric Lock Switch – 200 jobs retained $100K* Intermodal Rail Study * Intelligrated $8.6M – 267 jobs created Western States in 2012 and Public Hearing in July 2013 - $4.6M Maple Knolls Communities, Inc - $75M – 600 jobs Local Government Innovation Grant - $100K in 2012 * Projects started in 2007
  • 5. Middletown Regional Hospital Deconstruction
  • 6. Duke Energy Grant of $10,000 for LGIF and Transportation Study Butler County Port Board, Tim Abbot of Duke Energy and Commissioner Rogers
  • 7. Middletown & BCPA Quaker Chemical Expansion 2008-2010 Board Meeting at the Chamber in October 2010
  • 8. The Board Members are volunteers and other people volunteer as well.. Programs & Outreach 2009-2013      Ohio Brownfield Conference 2009 Seminar on Port Authority Capabilities Stimulus Bond Seminar 2009 University of Dayton Riverfront Conference Art Means Business Program for Leadership Hamilton 2010 Local Government Innovation Fund Integrated Development Budget Volunteer
  • 9. Economic Development Collaborative Value of BCPA     $125,000,000 in projects Over 3,000 jobs retained or created Local Government Innovation Fund Grant $100,000 Butler County Land Reutilization Corporation formed - Recently discussed Phase 2 Grant that will require a fiscal agent Three projects starting in 2007/2008 in Middletown with a $30M investment and over 3,000 jobs retained
  • 10. How did we get here? History… The Port Authority was created but not funded by an enabling legislation by the Commissioners in 2004 on July 26th. Brief history of the port authority:  Port Authority separates from TID in 2007  Port Authority has three major projects of over $30M all located in Middletown with fees of nearly $200,000 in 2007 and 2008 - Factor for consideration: If the BCPA was not formed in 2004 those projects could have been done by ports in other counties  Growth and the need to manage projects results in the Exec. Director hired in 2008
  • 11. Advantages and Benefits      Long-term debt financing utilizing bonds Off Balance sheet capital or ground leases Cost reduction incentives on project development Third Party Grant management on a regional or statewide basis Projects are in the $2M to $10M generally with several large projects such as Maple Knolls at $75M
  • 12. Future Partnerships and Collaboration with the City of Middletown     Workforce Development with Ohio Development Services and Cincinnati State Projects at the Airport, Downtown, Industrial and Commercial Parks, Malls etc. Technology Infrastructure Projects Manufacturing