January
Port Authority has Record Year for Bond Financing in 2022
Thursday, January 26, 2023
TOLEDO, Ohio, January 26, 2023 – The Toledo-Lucas County Port Authority provided over $88 million in financing during 2022 to various organizations across the region through its multiple financing programs, resulting in the creation of over 800 new jobs. The Port Authority’s Northwest Ohio Bond Fund (NWOBF) saw a record year with the issuance of $38 million across five separate projects. Additionally, eight U.S. Small Business Administration (SBA) 504 Loans were approved and/or closed totaling $6.375 million, and five Ohio Regional 166 Loans were approved and/or closed totaling $4.1 million. Both the SBA 504 and Ohio Regional 166 programs are managed and administered through the Port Authority Financing Program offerings.
Port Authority Reports Increase in Annual Tonnage at the Port of Toledo in 2022
Tuesday, January 24, 2023
TOLEDO, Ohio, January 24, 2023 – The Toledo-Lucas County Port Authority is proud to announce a 2.24 percent increase in tonnage through the Port of Toledo in 2022, when compared to 2021. A total of 11,684,394 short tons traveled through the Port of Toledo last year – the highest tonnage the seaport has seen since 2007. The Port set a record for aluminum handled at the General Cargo Dock, operated by Midwest Terminals, and grain had the strongest year-over-year growth with an increase of 14.79 percent over 2021. 2022 was also the first full operating season for the Cleveland-Cliffs’ Toledo Direct Reduction Plant, driving iron ore tonnage up nearly five percent from the previous year.