Toledo-Lucas County Port Authority
The Toledo-Lucas County Port Authority was one of the founding members of TMACOG and has maintained membership since 1968. TMACOG and the Port Authority work closely together on issues of freight transportation and development of multimodal transportation facilities.
Paul L. Toth, CEO and President of the Toledo-Lucas County Port Authority, respects TMACOG’s role. “TMACOG is our strategic partner – they understand the needs of the Toledo-Lucas County Port Authority but have the keen ability to balance these needs with the needs of our region to provide a centralized framework upon which our community can craft our plans for the future. TMACOG continually engages the stakeholders of our region in ongoing conversations – whether it be as part of the Ohio Conference on Freight, during National Train Day or as part of the Transportation Improvement Program – TMACOG ensures the leaders are thoughtfully engaged in the needs of northwest Ohio.”
The Toledo-Lucas County Port Authority was founded in 1955 and was the first Port Authority in Ohio and the eighth foreign trade zone established in the U.S. Shipping through the Port of Toledo on the Maumee River has been crucial to the growth and development of the Toledo area and the entire Lake Erie West region. Today, the Port Authority focuses on four initiatives - maritime, aviation, development and innovative financing programs.
With recent land acquisition, the Port of Toledo is now the largest land mass seaport on the Great Lakes. The seaport is a full service facility and an inland distribution center all in one location. Distribution facilities include transloading facilities, warehousing, and foreign trade zones. The area has access to domestic and international markets through rail, marine, air, pipeline, and highway connections.
The Port Authority manages the two major airports in the region: Toledo Express Airport, and Toledo Executive Airport (formerly Metcalf Field). Both are owned by the City of Toledo and managed by the Port Authority, which has responsibility for day-to-day operations of the facilities. Toledo Express provides air passenger service, is home to BAX Global, an international freight forwarder and houses the Ohio Air National Guard’s 180 th Fighter Wing.
The Community Economic Development Initiative
The Community Economic Development Initiative grant and loan program is funded with proceeds from the property tax levy for the purpose of providing grants and loans to economic development projects undertaken by eligible, neighborhood-based organizations. These grants target urban areas in Lucas County. Grant or loan recipients must be 501 (c) 3 organizations in good standing and must demonstrate the capacity to manage funds and develop real estate. Applicants must demonstrate that they are a neighborhood-based, community development organization.
Innovative Financing Programs
The Toledo-Lucas County Port Authority has developed a national reputation for innovative business financing, assisting more than 290 economic development projects representing a total investment of nearly $1.1 billion while helping to create and retain more than 15,500 jobs in a 26-county region of Ohio. Financing options include:
- Fixed Interest Rate Revenue Bonds
- Off-Balance Sheet Transactions
- Infrastructure Financing
- Conduit Revenue Bonds
- Ohio 166 Regional Loan Program
- Small Business Administration 504 Loan Program
- Brownfield Redevelopment Programs
The Port Authority created the Brownfield Redevelopment program in response to the growing number of polluted, former industrial sites throughout the region and the state. The program focuses on obtaining federal and state grants for the clean-up and redevelopment of properties anywhere in Ohio and also coordinates the rehabilitation efforts once grants are awarded. In addition to the crucial work of brownfield redevelopment, this division also oversees the acquisition, sale, and lease of Port Authority property.