Tuesday, November 20, 2012

New Port strategic plan focuses on targeted investment, stabilization

The Port of Greater Cincinnati Development Authority board of directors approved its new strategic plan on Nov. 14, outlining its top economic development priorities for the next two years.

According to the plan, the Port is seeking to beef up its inland port operations, focus on the creation of development-ready sites in strategic locations, manage an innovative and comprehensive public financing program, and to increase communication and trust through stakeholder outreach and the use of social media channels.

The Port also wants to help stabilize communities suffering from high foreclosure rates, blight, and general disinvestment. In the short term, capacity building would focus on Avondale, Evanston, Fairfax, Madisonville, Norwood, St. Bernard, and Walnut Hills; In the future, assistance would come to Colerain Township, College Hill, Mount Healthy, North College Hill, Northside, Price Hill, and South Cumminsville.

Port staff will revisit the plan in 2014, when it's likely to develop a longer-term strategy.

Formed in 2000, the Port is a partnership between Hamilton County and the City of Cincinnati with the mission of sustaining and growing the region's economic base.

Previous reading on BC:
Port: $8.5M needed to ready Jordan Crossing site for developers (10/26/12)
Hamilton County land bank has new blog, better info (7/16/12)
Agreements to fund improvements at Oakley Station (6/27/12)
Port, Hamilton Co, City accepting applications for brownfield cleanup grants (3/29/11)
State grant for Federal Reserve subject of public meeting (8/2/10)