Port of New Bedford. AAPA Commissioners Seminar May 17, 2011 Prosperity through Economic Development Opportunities

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1 Port of New Bedford AAPA Commissioners Seminar May 17, 2011 Prosperity through Economic Development Opportunities

2 Port of New Bedford, Massachusetts Niche Port You are here Connected to Global Markets Exit off the Ocean Highway 9 Nautical Miles from Cape Cod 64 Nautical Miles from Boston (54 by road) 146 Nautical Miles from New York (210 miles by road) Deep Water Port (30 Feet) Hurricane Barrier

3 Harbor Development Commission Port Governance

4 The State of the Port New Bedford Port Economy City Population: 100,000 Land Area: 20 square miles Waterfront: 10.3 linear miles Tidal Area: 13.2 square mile tidal area Depth: 30 feet Total Port Industry Output : $1 Billion Number of Employees (New Bedford): 41,562 Total Unemployment: ~12% Number of Port Employees: 4,893 (12% of City Employment) Median Family Income (New Bedford): $38,684 Earnings per worker (Port): $49,998 Number of Businesses (New Bedford): 5,374 Number of Port Businesses (Port): 200

5 Maritime Industries Over 4,400 Jobs $1 Billion Economy

6 New Bedford An Intermodal Hub Highway Port Air Rail

7 An Exit of the Highway Network Connected to New England Markets Connected to I- 95 Corridor Connected to Rte 495 and New England Connected to major urban population centers (14.4M People in New England)

8 An Intermodal Port with Rail Connections Active Dockside Connections Active Freight Rail Yard (Stage 100 cars) 7 acre yard; 4 acre rail staging Extensive sidings allow for short and long term storage of rail cars New Bedford connects to the national rail grid New Bedford services all of New England, the US and Canada The Rail services the Port exclusively, bringing down costs of freight transport $22.5M TIGER Grant

9 An Intermodal Port with Regional Airport Local and regional jet service Main Air terminals are 3.5 miles from the Port Terminals 30 acres staging - laydown area Fast and efficient transfer of perishable/sensitive cargo Planned expansions to allow for large planes and more frequent flights

10 Port Infrastructure and Staging Areas North Terminal / Rail-yard = 33.5 Acres Paved staging Area = 7.5 acres Unpaved Storage Area On-rail Storage = 12 Acres Staging for more than 100 rail cards State Pier / Pier 3 4 Staging Acres at State Pier Room for 500 stacked Containers Staging for 70 trucks 1,000 linear feet of bulkhead for berthing South Terminal Over 25 acres laydown area New Bedford Industrial Park 30 Acres of Staging (6 miles from docks)

11 Designated Port Area Port Development and State Regulations Chapter 91 governs development in the designated Port Area of New Bedford Maritime industrial development zoning(75% water dependent industrial development) Protects Maritime Development Brings Jobs and Economic Opportunity

12 Port Development: Build Port as an Economic Engine Understand Port s Niche Planning: Community Buy-in Growth: Capitalize on Growth Sectors that make Sense Balance Diverse Use (Maritime Sectors) Invest in Infrastructure Build for the 21 st Century

13 Port of New Bedford / Fairhaven Port Plans Municipal Harbor Plan Process Voluntary / Open Transparent Process Sustainable Goal flexible Define Port Vision/ Set Development Criteria Economic Assessment Goal Assess Maritime Industry Economy Identify Opportunities & Growth Sectors

14 Port Development and Investment Strategy Support All Sectors Total Grant Funding Supporting Harbor Projects: $140,652,141 Total Federal Managed Harbor Projects: $121,541,000 Total State Managed Harbor Projects: $4,037,779 Total HDC Managed Harbor Grants: $23,073,362

15 Growth Sector: Marine Science Port Development Strategy Partnerships Research Industry Government Intermodal Modal Connections Ferry Service

16 Growth Sector: Tourism / Passenger Service Port Development Strategy Ferry: Expand Service / New Markets Excursion: Harbor Cruise & Charters Cruise: Historic Ports / New Lines Blount Small Ship Adventures 5 trips for 2011 (up from 1 in 2010) American Cruise Lines 21 trips for 2011 (up from 16 in 2010)

17 Growth Sector: Recreational Boating $1 spent by a recreational boater yields a $4 economic impact Port Development Strategy Mooring Field Expansion Dingy Docks and Launch

18 Growth Sector: American Marine Highway Domestic Coastal Short Sea Shipping Services 800 Jobs Region Wide $117 Million Annual Economic Impact Source: Reeve Associates Coastal Service MexMar Scheduled to begin March of 2011 Port of New Bedford (MA), Port of Canaveral (FLA), Port of Tuxpan (Mexico)

19 AMH Program Maritime Part of the Overarching Network 19 Extension of Surface Transportation Network

20 Challenges facing Ports in AMH Growth Sector Community Support Port Financing Funding Intermodal Connections Port Infrastructure Cost Competitiveness

21 AMH Development: A New Approach 21 Building Partnerships; Ports Working Together

22 East Coast Marine Highway Initiative Goal: Build Cost Competitive Service $310,000 Grant USDOT Port of New Bedford, MA State of New Jersey Port of Baltimore, MD Port Canaveral, FL I-95 Corridor Coalition 5-Month Study Market Assessment Define Market Parameters Build Sustainable Service Determine Infrastructure Investment NEPA Review

23 Growth Sector: Import / Export Trade 50 Jobs per vessel trip $200,000 economic impact per vessel trip Source: US Army Corps / Maritime International Port Development Strategy Import/Export Study Import Export Symposium Infrastructure Development

24 Growth Sector: Clean / Renewable Energy The Facts: 600 MA companies specialize in Clean/Renewable Energy 15,000 Jobs 10 th Largest Industry in the State Industry Sector Realizing 20% Growth New Bedford is Well Positioned: Lower cost of doing business (50-90% lower industrial/ residential costs / 20-40% lower wages compared to greater Boston area) Productive Skilled Workforce (50,000 annual college grads) Incubator Space Available at Quest Center (high support environment) Within one hour of nation s leading centers for medical technology

25 Overview: New Bedford Marine Commerce Terminal Acres Site 20,000 Sq. Ft. Warehouse Surface of facility is crushed stone to facilitate crane mobility Loading Capabilities: 4,000 lbs/ sq. ft. for loading & offloading, high traffic areas 1,000 1bs/ sq. ft. for routine storage, blade storage areas

26 Ports and Economic Development: Port Security / Public Safety Port Security / Public Safety Fire, Police, USCG Teams Port Security Grants: Patrol Boats / Surveillance Equipment / Gear / TWIC Infrastructure

27 Ports & Economic Development: Creative Economy Arts on the Waterfront Market Place

28 Green Port Public Relations Important to Economic Development

29 Ports and Economic Development: Marketing

30 Ports and Economic Development: Networking AAPA Maritime Economic Committee Coastwise Coalition I-95 Corridor Coalition Maritime Cooperative North Atlantic Ports Association Transportation Research Board George Mason University Journal of Commerce Conferences Saving Seafood

31 HARBOR DEVELOPMENT COMMISSION Kristin Decas, Port Director (508) THE PORT OF NEW BEDFORD