Development Finance

The Cleveland-Cuyahoga Port Authority is a public agency that provides creative and timely financing solutions for economic development projects in Cuyahoga County and beyond. We like to say we move at the speed of business. In partnering with economic developers, government entities and banks, the Port Authority provides creative funding options for projects in the private, non-profit and public sectors. At the Port, we love to talk business. If you have a potential project, reach out and contact us. We look forward to discussing how we can use our unique programs and tools to help you reach your goals.

$4.5B

Bonds Issued

$6.1B

Leveraged in Construction

150

Total Projects Since 1993

Financing Options


Fixed Rate

Gives smaller organizations the ability to borrow money in the capital market at investment grade rates.  The program benefits larger businesses that would otherwise find an investment grade rating costly and difficult to maintain.

  • Pooled bond program managed & administered by the Port Authority
  • Financing between $1.5 million and $9 million
  • Financing of fixed assets, land, buildings and select machinery & equipment
  • Fixed interest rates that are based on the taxable or tax-exempt bond rates, which are set when the bonds are sold
  • A- credit rating

Providing tax and liquidity advantages to businesses during construction and beyond.  Ideally suited for organizations that want to construct a new facility, but may not want to own it during the loan term.  The Port Authority can own the facility and lease to the borrower.

  • State sales tax exemptions
  • Lease options customized for project needs

Infrastructure

Helps municipalities and developers finance public infrastructure improvement projects.  Attractive for mixed-use developments.

  • Tax increment and/or special assessment
  • Sales tax exemptions on construction materials

Stand-Alone

Giving larger businesses access to the capital market on their own credit.

  • Land, buildings, select M&E
  • Taxable or tax-exempt rate options
  • Long-term, 100% financing

Structured

Providing tax and liquidity advantages to businesses during construction and beyond.

  • Sales tax exemptions on construction materials
  • Lease options customized for project needs

$203.5M

Contracts Since 2011

$432.1M

Contracts Since Inception