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P.O. Box 5190
Kent, OH 44242
Phone: 330-672-4080
or 800-793-0912
International: 001-330-672-4080
Email: mmorgan@neotec.org

 

NEOTEC and the Port of Cleveland
NEOTEC and the Cleveland-Cuyahoga County Port Authority have partnered since 2012 to jointly market the Foreign-Trade Zone (FTZ) program in Northeast Ohio. The Port Authority has served as grantee of FTZ 40 since 1978. NEOTEC, grantee of FTZ 181 since 1997, serves as administrator of both zones.
  The Port Authority is a governmental agency created in 1968 to manage maritime operations at the Port of Cleveland, which began shipping operations in 1825.


About the Port of Cleveland

The Port of Cleveland is a leading gateway on the Great Lakes/St. Lawrence Seaway system for waterborne trade, and provides a critical connection between the nation’s heartland and the global economy. Its prime location and efficient, cost-effective services result in a competitive advantage for area companies. Now the third-largest port on the Great Lakes, the Port averages $3.5 billion annually in imports and exports. Its maritime activities help sustain the regional economy in Northeast Ohio by keeping local industries connected to the world and supporting more than 20,000 jobs that generate more than $1 billion in personal incomes.

In 2014, the Port of Cleveland created the Cleveland-Europe Express (CEE). The CEE is the only direct, scheduled vessel service that moves containerized and non-containerized cargo between the Great Lakes and Europe, through the Port of Antwerp. The Port’s vessel partner, The Spliethoff Group, has immediate connections from the Port of Antwerp to Russia, Finland, Spain, UK and the Baltic States. During the winter closure of the St. Lawrence Seaway, cargoes are taken via a port on the East Coast. The Cleveland-Europe Express offers significant savings on inland transport for specialized or oversized cargo, with door-to-door transport times averaging 14-16 days vs. 25 days from East Coast ports, and Thru Bills of Lading to and from Russia, Finland, Baltic States, Poland, UK and Spain.

In recent years, the port authority has expanded its role to include identifying opportunities 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 port authority may provide financing for eligible public and private community projects.