Development Finance

Overview

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CUSTOMIZING SOLUTIONS THAT HELP OHIO ENTERPRISES EXPAND AND INVEST IN NEW FACILITIES

The Port Authority is a catalyst for economic development and job creation in our region, providing cost-effective access to capital for development, redevelopment and expansion of facilities. We have the financial expertise and statutory powers to be resourceful and provide customized solutions.

Since 1993 more than 70 companies, developers, local governments, and nonprofits have collectively secured nearly $2 billion through the Port’s Development Finance program for projects that range from the Rock and Roll Hall of Fame and Museum to the Flats East Bank development.

We also operate the Cuyahoga Manufacturers’ Assistance Program to provide flexible options tailored to the needs of manufacturers, and we’re a sponsor of New Markets Tax Credits, a program that supports redevelopment in distressed communities.

 

Financing Options

  • Fixed Rate
  • Structured Leasing
  • Infrastructure Financing

Benefits Can Include

Longer Terms, Lower Fixed Interest Rates, Lower Costs for Construction Materials, and Construction / Renovation of Facilities with Lease Ownership Opportunities

Financed Projects

See highlights of projects the Port has financed across Northeast Ohio

See full list of projects financed

Financing Options

Learn more about our financing options and their benefits

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    DF BROCHURE

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    Development Finance Brochure

    For more information contact:

    Garth Woodson
    Director, Development Finance and Inclusion
    garth.woodson@portofcleveland.com
    (216) 377-1351