Western Reserve Port Authority: Your Partners for Progress
The WRPA offers: The Western Reserve Port Authority has developed a proven formula for success.
We combine leading-edge financing tools, consulting services, and partnership opportunities into a unique suite
of development solutions for business, government, and non-profits institutions.
Whether you lead a company or non-profit seeking ways to finance growth, a developer looking for help with
the public infrastructure needed to move your project forward, or a governmental entity searching for ways to retain or
attract jobs and development, the WRPA’s professional, experienced staff is eager to put our solutions to work for you.
The WRPA’s fixed interest rate financing programs make it possible for smaller businesses to access the U.S. capital market and borrow funds at investment grade rates.
The WRPA helps companies secure the funding needed to clean up environmental hazards by serving as the requesting entity for state and federal brownfield grants.
Ths unique program is ideally
suited for companies or non-profits that want to erect a new or expand
an existing facility but do not want
the asset to appear on their
balance sheet. Under an SLP, the WRPA owns the facility then leases it to the company or non-profit. SLPs also provide a sales tax exemption on construction materials used to build the facility, a feature that generates huge savings
for the participating entity.
The WRPA works with governments and other regional development agencies to identify transportation and infrastructure needs and potential sources of funding. The Authority recently commissioned a study of the region’s freight rail assets that identified a number of projects critical to growth and development in the Mahoning Valley. Four of them are directly related to the exploration and extraction of natural gas in the Utica Shale deposits.