Port Authority Board Approves 2012 Operating and Capital Budgets

Spending to Increase on Strategic Initiatives; Disciplined Financial Management Continues

December 21, 2011 — The Cleveland-Cuyahoga County Port Authority’s Board of Directors approved 2012 budgets today and took other actions that reflect the organization’s focus on solutions-oriented initiatives that support the new Strategic Action Plan.

The $6.9 million operating budget and $5.8 million capital budget are largely aimed at growing the maritime business and leading critical river renewal and infrastructure improvements.

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Port Authority lauds Senators Portman and Stabenow for introducing Short Sea shipping bill

Passage could encourage new business opportunities and job growth

December 8, 2011 — The Cleveland-Cuyahoga County Port Authority applauds Senators Rob Portman of Ohio and Debbie Stabenow of Michigan for today’s introduction of the Great Lakes Short Sea Shipping Enhancement Act of 2011, which could spur economic growth by removing a key disincentive to the expansion of regional shipping services on the Great Lakes.

“For us passage of this legislation is highly relevant and vitally important,” said Port Authority CEO Will Friedman. “We are grateful to Senators Portman and Stabenow for the interest and the leadership they have shown on this issue, which is all about economic development.”

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