7/8/13. The Port Authority of Winona June 27, q The Port Authority was established by the City in 1968 with approval of the State Legislature.

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1 The Port Authority of Winona June 27, 2013 q The Port Authority was established by the City in 1968 with approval of the State Legislature. q The Port Authority serves as the economic development arm of the City of Winona. q The Port fosters the waterborne transportation by operation of a dock and fleeting in the Commercial Harbor. q Commodities shipped include corn, soybeans, fertilizer, salt, and coal. q Predominately grains with over 1 million tons shipped. q Serves Western Wisconsin and Southern Minnesota. 1

2 Annual Minnesota River Port Tonnage Source: MnDOT Port and Waterways Port Minneapolis 671, , , , , ,372 1,069,238 St. Paul 5,551,737 5,247,992 5,160,120 5,071,864 3,469,383 5,126,732 5,511,445 Savage 1,921,603 1,844,711 2,411,361 2,777,677 1,705,650 3,201,406 3,214,351 Red Wing 836, , , , , , ,610 Winona 1,697,955 1,969,712 1,922,462 1,672,630 1,573,239 2,099,746 2,204,375 Total 10,679,483 10,631,920 10,893,368 10,803,428 8,160,297 12,074,948 12,920,019 Similarities with Ports q Facilitate economic development projects q Redevelopment q Works with financing programs through DEED such as MIF, JOBZ and now the Minnesota Job Creation Fund Economic Development Perspective q Governed by a Board Similarities with Ports q Infrastructure improvements q Maintenance of facilities Harbor Perspective q Collaborate to secure funding to improve facilities q MnDOT- Port and Waterways 2

3 Differences with Ports q Each Port Authority has a State Statute it operates within, in Winona: Ø Port must use City staff Ø Use of eminent domain must be approved by City Council Ø Creation of development districts and tax increment financing districts must be approved by City Council Ø Issuance of bonds must be approved by City Council Differences among Ports q Location and commodities that are handled vary by Port q River Ports - St. Lawrence Seaway Ø Taconite, Coal Ø Agricultural Commodities q Tonnage activity-ships vs. barge Annual Tonnage Source: MnDOT Port and Waterways Port 2012 Minneapolis 671,691 St. Paul 5,551,737 Savage 1,921,603 Red Wing 836,497 Winona 1,697,955 Total 10,679,483 Port 2012 Duluth/Superior 36,673,052 Two Harbors 16,547,843 Silver Bay 7,142,154 Taconite Harbor 657,700 Total 61,020,749 3

4 Collaboration q Funding for infrastructure improvements q Ports and Waterways Plan. Facilities and conditions. q Provide recommendation based on the information that has been gathered q The Port conducted a survey of waterborne navigation users in the City of Winona in 2011 q Purpose to measure the economic impact of the Winona Commercial Harbor q 70% Response q 2,435 Rail cars q 1,306 Barges q 67,900 Trucks-Semis 4

5 } Estimated Market Value of property: $7.5 Million (all property), property taxes $240,000 } 84 Jobs from those responding with an annual payroll over $3.4 million } Average wage: $41,725 } Local Machinery and Hardware purchases $1,950,000 } Legal accounting and other services $1,450,000 } Utilities (gas and electric) $338,000 } Almost two million tons of corn, soybeans and fertilizer moved over the river in 2011 } Over $450,000,000 paid to customers predominantly farmers for their products } New commodities were shipped Survey in 2011 Value of Commodites $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $ YTD Year Value of Commodites Over $450,000,000 paid to customers predominantly farmers for their products 5

6 - efficiencies 1 Barge 15 Rail Cars 60 Semis } Most fuel efficient transportation available } Reduced air pollution } Less congestion and wear on roads } For example, one gallon of fuel means 500 miles of travel for one ton of metal versus 200 miles by rail and 60 miles by truck } Environmentally better due to these factors Diversified Tax Base increase in market value of 36.7% An entrepreneurial spirit for start up companies A regional center for Southeastern Minnesota (for education, employment, entertainment and shopping) 6

A Project was undertaken by the Port Authority to redevelop an area in the City 27 acres area that consisted of foundry waste $900,000 public funds Matched by $ 20,000,000 in private funds Developed

7 A Project was undertaken by the Port Authority to redevelop an area in the City 27 acres area that consisted of foundry waste $900,000 public funds Matched by $ 20,000,000 in private funds Developed into retail space Over 400 new retail jobs created Pull factor for retail sales improved Property taxes rose from $296 to over $878,000 The Port Authority has assisted 36 businesses with the Port RLF program. Loans have provided over $3.7 million in direct loans and leveraged over $27 million in additional investment. Along with the investment, over 375 jobs have been created or retained as a result of the funded projects. 7

8 } The Mississippi River flows east/west in Winona due to a turn in the River. Wisconsin is north of the river. } Home to Watkins, Wenonah Canoe, Fastenal } Three colleges located in the City (two universities and one technical college) the three in total have shown growth in enrollment over the past year } An arts/tourism base with attractions such as the Minnesota Beethoven Festival featuring Joshua Bell in 2008, Yo-Yo Ma in 2010 and Branford Marsalis in July of } The Shakespeare Festival-celebrating its 10 th year } The Minnesota Marine Art Museum featuring original Impressionist and Hudson River School paintings by artists such as Vincent van Gogh, Paul Cézanne, Henri Matisse, Pablo Picasso, Thomas Moran and Mary Cassatt Location in the scenic Mississippi River valley ; 8

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