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WHY A PORT AUTHORITY?

April 26, 2017authority port

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WHY A PORT AUTHORITY?

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• Port Authorities are more flexible, more responsive, and more user-friendly to the private sector. • Port Authority Boards are generally composed of business, labor, and professional people. • Are less political. Legislative procedures are simpler than those of local governments. HOW IS A PORT AUTHORITY FUNDED? • The Medina County Port Authority has NO authority to issue debt. • Appropriations from the creating entities. • Economic development finance fees. WHAT A PORT AUTHORITY IS NOT • Not a non-profit agency. • Not a government agency. • Not part of the county or city governmental structure, but a separate political subdivision.