Vision 2022

Transform to Prosperity


"By 2022, our success in repositioning undervalued properties and rebuilding neighborhoods will transform the Cincinnati region."

 

Vision 2022

Port Authority Board of Directors


 

In 2015, the Port Authority Board of Directors set a bold direction for the organization with Vision 2022, a seven-year, multi-faceted strategy to drive economic growth, job creation, social stability, and shared prosperity for all residents.

This plan focuses on three key strategies for success in achieving this wide-reaching transformation in the Cincinnati region:

In particular, the plan focuses on leveraging the Port’s unique tools and expertise to drive development and regional cooperation. That community involvement is a key aspect for Vision 2022. From the Port’s managed entities to key community organizations to individual neighborhood residents, partnerships are critical in amplifying and expanding the Port’s impact in transforming the Cincinnati Region.

Industrial Revitalization

Public Finance

Neighborhood Revitalization

Goal: Redevelopment of underutilized industrial land along key transportation corridors.

Strategy: Repurpose existing urban industrial zones within transportation corridors to position replacement industries where legacy losses have been greatest.

Goal: Cultivate a nationally-recognized public finance program that supports economic and community development efforts.

Strategy: Develop and provide public finance tools to support private for-and non-profit entities seeking to develop properties in Hamilton County, Ohio.

Goal: Transform communities for lasting impact, including residential properties and commercial business districts.

Strategy: Work with target communities to return vacant, blighted properties to productive use for neighborhood transformation and attraction of residents.

In particular, the plan focuses on leveraging the Port’s unique tools and expertise to drive development and regional cooperation. That community involvement is a key aspect for Vision 2022. From the Port’s managed entities to key community organizations to individual neighborhood residents, partnerships are critical in amplifying and expanding the Port’s impact in transforming the Cincinnati Region.

Funding the Vision

This is a bold plan requires widespread community support for it to be fully realized, requiring a diverse blend of public, private and philanthropic funds.

The Port Authority projects a total of $250 million is needed over seven years to fully realize its vision, with $50 million supporting the Neighborhood Revitalization Strategy and $200 million supporting the Industrial Revitalization Strategy. The funding strategy for Vision 2022:

  • Patient Capital: Patient Capital Notes are a social impact investment developed by the Port Authority to engage accredited private investors.
  • Philanthropy: Philanthropy closes the gap between social impact investments and sources of potential public funds.
  • Government Grants: Public funds play a critical role in securing capital needed to acquire properties and prepare the land for sale to job-creating users, generating a significant return-on-investment for the region.
  • Sustainable Source: Vision 2022 has a long horizon of investment and renewal; Port Authority is working to secure a dedicated revenue stream to support the initiative.

Core Values

Vision 2022 Promotes Tenants of Equitable Growth

 

Collaboration: We act in concert with other economic development priorities and agencies in the recognition that many working together will produce the biggest and most lasting impact.

Community: We believe in giving voice to our stakeholders to ensure that our efforts fully realize community housing and economic goals and result in economically, aesthetically and culturally vibrant neighborhoods.

Diversity: As standard setters in inclusion, our work promotes the achievement of economic opportunity for all.

Sustainability: Highest and best use drive our decisions leading to environmentally and economically sustainable projects with a commitment to the preservation of unique assets.

Integrity: We deliver on our promises in a transparent manner as good stewards of the resources and responsibilities entrusted to us.