Does the Port require prevailing wage?

Yes.

The Borrower/Developer is expected to pay State of Ohio prevailing wages during the construction of the Project (or as exempted by the Cleveland-Cuyahoga County Port Authority Board of Directors). The Borrower/Developer will supply monthly status reports, affidavits and other documentation deemed necessary with respect to the prevailing wages on the Project.


Does the Port have an Inclusion policy?

Yes.

The Borrower/Developer will exercise its best efforts to utilize certified Minority Business Enterprises (MBE) and Female Business Enterprise (FBE) businesses in the construction of the Project improvements at a level of 30% or greater. The Cleveland-Cuyahoga County Port Authority will monitor MBE and FBE participation in the construction of the Project. The Cleveland-Cuyahoga County Port Authority may assist in identifying certified MBE and FBE for participation in the construction of the Project. The Borrower/Developer will supply monthly status reports, affidavits and other documentation deemed necessary with respect to the inclusion participation on the Project.


Does the Port of Cleveland offer custom financing solutions? 

The Port of Cleveland works closely with each developer to create the right financing solution. Please reach out by requesting information. A member of the Port's team will be in touch with you.


Can I apply online for financing? 

Yes. Please fill out our application here.


Why does the Port of Cleveland provide financing options? 

The Port of Cleveland is the only local government agency whose sole mission is to spur job creation and economic vitality in Cuyahoga County. The Port of Cleveland's mission is: The Port fosters job creation and economic vitality in Greater Cleveland. Our maritime services and assets add value and result in a competitive advantage for regional firms competing globally. The Port also tackles challenges tied directly to jobs, quality of place, and environmental sustainability through innovative development financing services and selective public investments in critical harbor projects.


How many projects has the Port of Cleveland financed? 

The Port of Cleveland has financed 123 total projects since 1993. View some of our biggest projects here.


Does the Port of Cleveland offering financing options for development projects?

Yes. Please refer here to review the types of options the Port of Cleveland provides.