Platform to Greater Economic Mobility
"People living in low-income, predominantly black city neighborhoods have shorter average life spans than residents of affluent, predominantly white communities. For example, the life expectancy in Avondale is 68.2 years, as opposed to 85.9 years in Mount Lookout. The overall city average is 76.7 years."
In spite of valiant efforts of many caring people and committed organizations over a long period of time, life has not improved for many Cincinnatians.
Through Strategic Vision 2022, the Port Authority Board of Directors decided to direct efforts at changing underlying systems that have led to institutional poverty and chronic disinvestment in Cincinnati neighborhoods and hone our unique tools and relationships to become a powerful force for social change. In our case, the underlying system is disinvested real estate.
The Port Authority understands the link between broken real estate and low opportunity for residents. It is very complex and requires an abundance of partnerships and resources, as well as a complete commitment to just and fair inclusion into a society in which all can participate, prosper, and reach their full potential.
The Port Authority exists to take on calculated real estate and financing risks that advance public objectives but are beyond the risk tolerance, powers, or expertise of the City or County. It works to reposition properties that require public sector involvement due to market conditions.
The broad powers of a port authority make it an especially useful engine for economic development. The Port of Greater Cincinnati Development Authority is committed to serving the Cincinnati community through a suite of growth-focused programs and partnerships. Our mission to expand prosperity is accomplished through the unique abilities afforded to port authorities to make transformative change and investment. The Port Authority is both an independent unit of government and a mission-driven economic development agency. We concentrate our resources on projects that help us make the most profound impact on Cincinnati’s economy and benefit the people residing in Hamilton County for generations to come.
Supporting and empowering minority-owned, women-owned, and small businesses is a priority for the Port of Greater Cincinnati Development Authority. The adoption of policies by the Port Authority during its first year of operation demonstrated the depth of that commitment. After nearly a decade of experience, we believe even more strongly that great potential exists for a meaningful increase in the inclusion of minority-owned, women-owned, and small businesses in all Port Authority-related projects.
The plan that is outlined below has been developed with the specific intent of creating a new way of approaching economic inclusion in Cincinnati and Hamilton County. It has been developed by the Port Authority and is based on principles first put forth by the Riverfront Advisors Commission in its 1999 report. Inherent in those principles is the realization that we must fully utilize the resources of, and provide equal opportunity for, all of our citizens. By doing so, we create a welcoming environment that is conducive to inclusive economic development.
Business District, AAC Forum, Partnerships with GCF, Lawn Life, Building Value, Easter Seals