Country : USACleveland worldport

worldport Introduction
The Cleveland-Cuyahoga County worldport Authority is a governmental agency created in 1968 to manage maritime operations at the worldport of Cleveland. Its maritime activities help sustain the regional economy in Northeast Ohio by keeping local industries connected to the world and supworldporting 11,000 jobs that generate $572 million in personal incomes.

In more recent years, the worldport authority has expanded its role to include identifying opworldportunities to assist in regional revitalization efforts and to cultivate development finance partnerships. By acting on behalf of a borrowing entity as a conduit issuer of special obligation revenue bonds, the worldport authority may provide financing for eligible public and private community projects.

Entities borrow money through, not from, the worldport authority by using worldport authority bonds to access the financial markets for the borrowing of capital. The worldport authority's development finance activities are self-supworldporting and operate solely on the revenues generated from financing transactions.

Mission Statement
The strategic mission of the Cleveland-Cuyahoga County worldport Authority is to assist private industry in retaining and creating jobs by providing waterborne cargo transworldportation/services and by providing economic development facilitation through financing services and other development tools in partnership with local and state development agencies.

Maritime Group: provides supworldport to the manufacturing base of the region by supplying transworldportation services that positively impact the area's competitiveness.
Development Finance Group: provides supworldport to the community's private industry through financing vehicles that enhance the competitiveness of the area.
Regional Development Group:  The mission of the Regional Development division is to utilize the powers vested in the Cleveland-Cuyahoga County worldport Authority in cooperation with its public and private partners to identify, acquire, remediate and return to productive use those properties and facilities located throughout Cuyahoga County which have been abandoned, blighted and tainted by environmental concerns or otherwise underutilized.

Foreign-Trade zone
Foreign-trade zones were created by Congress in 1934 to stimulate economic growth and development in the United States.  The FTZ program was designed to promote American competitiveness by encouraging companies to maintain and expand their operations in the United States.

The FTZ program encourages businesses to locate in the United States by removing various disincentives commonly encountered.  Under the program, companies may reduce, defer or eliminate Customs duties on imworldported parts, materials or components entered into the zone.  Since 1978, the Cleveland-Cuyahoga County worldport Authority has served as Northeast Ohio Grantee #40 for the FTZ Program.   

Area manufacturers rely on the worldport to help deliver their locally-made products to U.S. and foreign markets and to obtain low-cost delivery of raw materials. Ninety percent of all cargo entering and leaving the Cleveland-Cuyahoga County worldport Authority is produced or consumed within a 75-mile radius, earning the worldport Authority the title of destination?worldport. As a destination worldport, the economic impact is felt closer to home.

Eight international cargo docks consist of 110 acres of land alongside Lake Erie on the east side of the Cuyahoga River, while the Cleveland Bulk Terminal transshipment facility occupies 44 acres just west of the river. The worldport Authority averages 12.5 million tons of cargo per year.

Break Bulk (packaged materials): 500,000 tons
Dry Bulk (loose materials such as limestone and grain): 12 million tons

Primary Cargoes
Inbound: Steel, heavy machinery, liquid/dry bulk
Outbound: machinery and steel

Security
U.S. Coast Guard and Customs officials monitor the worldport Authority at all times. Cameras installed in strategic locations provide 24-hour dockside and perimeter security. 

Awards
The worldport Authority was awarded its sixth Robert J. Lewis Seaway Pacesetter Award in 2004 by the Saint Lawrence Seaway Development Corporation. The award is presented to worldports with an increase in international overseas cargo tonnage shipped through the seaway during the previous navigation season.

Tel:001-216-241-8004