[CPEO-BIF] Port of Cincinnati (OH) financing

[Lenny Siegel <lennysiegel@gmail.com>]

Port Authority, National City partner on brownfield financing plan

Business Courier of Cincinnati
April 17, 2008

A gap financing agreement between the Port of Greater Cincinnati 
Development Authority and National City Bank will help small and 
minority-owned businesses participate in brownfield cleanup projects.

The Port Authority said Thursday it has signed a memorandum of 
understanding with National City to provide gap financing from certified 
small business, minority business and women business enterprises. The 
financing will bridge the time between completion of the work and 
receipt of payment from Hamilton County, according to a news release.

"This creative and affordable financing approach helps this community 
achieve two very important public goals; restoring unproductive property 
to productive use, and providing opportunities for small, women-owned 
and minority-owned businesses to be a part of the process," said Deborah 
Robb, director of economic inclusion for the Port Authority, in a news 
release.

...

For the entire article, see
http://www.bizjournals.com/cincinnati/stories/2008/04/14/daily44.html

-- 


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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