The Dayton-Montgomery County Port Authority's Joe Geraghty talks about the group's origins, mission and the role they play in the region’s economic future.
Port authority announces $5 million increase
DAYTON – Joseph M. Geraghty, executive director of The Dayton-Montgomery County Port Authority, in conjunction with the Port of Greater Cincinnati Development Authority, announced a $5 million increase in the Southwest Ohio Regional Bond Fund Parity Reserves amount, which is jointly operated by both port authorities. The additional $5 million supplements the authorities very strong reserve position.
Parity Reserves are “common” reserves held in the Southwest Ohio Bond Fund (SWORBF) and are available to make Bond debt service payments on behalf of borrowers and, also, supplement existing funds held in the SWORBF which are available to support regional economic development projects and jobs.
Dayton-Montgomery County Port Authority announces completed projects
Cargill Inc.’s $224 million project in Sidney included
DAYTON – Joseph M. Geraghty, executive director of The Dayton-Montgomery County Port Authority, announced the completion of several projects in 2020, which help support public and private economic development activity in the Dayton region by providing complimentary financing and tools that can help fuel corporate and non-profit economic growth.
Geraghty, who was appointed executive director of the Port in 2020 succeeding Jerome “Jerry” Brunswick, who is still working at the Port, described the projects by the variety of tools the Port can employ to assist both for-profit and non-profit organizations to enter the market or expand their respective goods and services here.