Toledo-Lucas County Port Authority

Name

Toledo-Lucas County Port Authority

Legal name

Toledo-Lucas County Port Authority

Website

https://toledoport.org

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Port and Transportation Infrastructure Management

NAICS

Port and Harbor Operations (48831), Port and Harbor Operations (488310), Support Activities for Rail Transportation (4882), Urban Transit Systems (4851)

SIC

Railroad Switching & Terminal Establishments (4013), Airports, Flying Fields & Airport Terminal Services (4581), Transportation Services (4700), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Maritime & Port Authorities (Public Ports, Harbors, Ferries Terminals) (BPAIALAF)

akta.pro secondary industries

Port Equipment Operations (Crane Operators, RTG/RMG, Straddle Carrier Operations) (TLAHALAE), State/Provincial Transportation, Roads & Public Works Administration (BPAIABAK)

Keywords

• Port operations
• Airport management
• Municipal bond financing
• Economic development
• Transportation infrastructure

Headquarters

HQ city

Toledo

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Supply Chain, Others

Revenue model

1. Port Operations Revenue: Revenue from terminal operations, cargo handling services, and lease arrangements at the Port of Toledo's 13 terminals and related port facilities.
2. Airport Operations Revenue: Revenue from managing Eugene F. Kranz Toledo Express Airport and Toledo Executive Airport, including tenant leases and airport services.
3. Financing Program Fees: Revenue from bond issuance fees, loan servicing, and program administration fees for the Northwest Ohio Bond Fund, SBA 504 loans, Ohio Regional 166 loans, and other financing programs.
4. Property Leases: Revenue from leasing industrial properties including Overland Industrial Park, Farnsworth Business Park, Express Industrial Park, Ironville Terminal, and office space at One Maritime Plaza.
5. ParkSmart Parking Operations: Revenue from managing parking facilities including downtown Toledo parking structures under the ParkSmart program.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

The Toledo-Lucas County Port Authority operates a multimodal transportation and economic development portfolio comprising maritime cargo handling at the Port of Toledo's 13 terminals, management of two airports (Eugene F. Kranz Toledo Express Airport and Toledo Executive Airport), passenger rail and bus operations at Dr. Martin Luther King Jr. Plaza, ship repair services at the Toledo Shipyard, and downtown parking through ParkSmart. It also issues and administers innovative financing instruments—including the Northwest Ohio Bond Fund, SBA 504, Ohio Regional 166, Revolving Loan, PACE (BetterBuildings Northwest Ohio), and microenterprise programs—to support business expansion, real-estate development, and energy efficiency projects across Northwest Ohio.

Product overview

The Toledo-Lucas County Port Authority operates as a multi-modal transportation and economic development organization with a diverse portfolio of core assets and financing programs. Its core assets include the Port of Toledo (13 terminals handling 10M+ short tons of cargo), two airports (Eugene F. Kranz Toledo Express and Toledo Executive), Dr. Martin Luther King Jr. Plaza transportation hub, Toledo Shipyard, and Foreign-Trade Zone #8. The organization also administers innovative financing programs including the Northwest Ohio Bond Fund (Ohio's first municipal bond fund), Ohio Regional 166 Loan Program, SBA 504 Loan Program, Northwest Ohio Revolving Loan Fund, BetterBuildings Northwest Ohio PACE financing, and community development programs. The portfolio includes infrastructure properties (warehouses, parking facilities) and environmental restoration projects. Together, these services support regional economic development, job creation, and multimodal transportation infrastructure across Northwest Ohio.

Differentiator

Problem solved

Functional benefit

Products and services

• Port of Toledo Major Great Lakes seaport with 13 terminals along the Maumee River handling over 10 million short tons of cargo annually. Provides general cargo handling, warehousing, liquid and dry bulk transloading, and direct rail access via the Great Lakes/St. Lawrence Seaway System. Modern cargo handling equipment includes Liebherr mobile harbor cranes and Mantsinen material handlers.
• Eugene F. Kranz Toledo Express Airport Regional commercial airport managed by the Port Authority. Allegiant Airlines operates nonstop passenger service to multiple Florida destinations (celebrating 20 years at TOL in 2025). Home to the 180th Fighter Wing Ohio Air National Guard, Amazon Air Toledo Gateway, and 20+ on-airport businesses. First U.S. airport to receive Certified Autism Center designation (2023).
• Toledo Executive Airport General aviation airport serving corporate aviation, banner towing, flight training, and privately owned aircraft. Features T-hangars for individual lease and a self-serve fueling station.
• Dr. Martin Luther King, Jr. Plaza Historic union train station and modern multimodal passenger transportation hub. Houses Amtrak passenger rail (Chicago, Buffalo, Washington D.C.), Greyhound bus service, and four major freight railroads for cargo rail access.
• Toledo Shipyard Great Lakes shipyard operated by IRONHEAD Marine providing dry-dock ship repair services including hull repairs, mechanical repairs, fabrication, welding, blasting, painting, and electrical work. AWS- and ABS-certified. Facility features two 20-ton cranes and a 50-foot high hook capacity within 20,000 square feet.
• Northwest Ohio Bond Fund Ohio's first municipal bond fund. Provides public and private entities access to capital markets at S&P 'A' investment-grade terms. Financing from $2 million to $25 million with fixed interest rates; tax-exempt bonds for manufacturing and nonprofits, taxable bonds for other projects. Has delivered $446 million in direct financing proceeds without a bond default.
• Conduit Bond Structure Industrial Revenue Bonds, Hospital Revenue Bonds, Non-Profit Bonds, and Housing Bonds issued through the Port Authority as issuer, with financial strength based on the credit of the borrowing company or nonprofit organization.
• Infrastructure Financing Tax Increment Financing (TIF) and special-assessment-backed bond financing for developers and governmental entities to fund infrastructure improvements such as streets, curbs, and parking facilities. Over $100 million in financing provided with terms up to 32 years.
• Capital Lease Transaction Bond financing structure for large construction projects enabling borrowers to capture sales tax savings on construction materials, with a buyout option for $1 at the end of lease.
• SBA 504 Loan Program Long-term fixed-rate financing for fixed assets for businesses that create or retain jobs in the region. Maximum loan of $5 million ($5.5 million for manufacturers), with 10, 20, or 25-year terms and rates under 6.5%. Veteran-owned businesses receive additional benefits including waived $500 application fee and $500 off closing fees.
• Ohio Regional 166 Loan Program Low fixed-rate financing for fixed assets—real estate purchases, construction, and equipment—for for-profit manufacturing, distributing, and wholesaling businesses in Ohio. Loans up to $1 million with terms up to 20 years at rates as low as 3%. Typical structure: 50% bank financing, 40% Ohio 166 loan, 10% owner equity.
• Northwest Ohio Revolving Loan Fund $3 million gap financing tool for businesses in Lucas, Ottawa, and Wood Counties. Loans from $10,000 to $300,000 with terms of 5-10 years for equipment or 10-20 years for owner-occupied commercial real estate at fixed interest rates no lower than 75% of prime rate.
• BetterBuildings Northwest Ohio (PACE) Property Assessed Clean Energy (PACE) financing for energy efficiency retrofits to commercial, industrial, and multi-family buildings. Offers 100% financing from $25,000 to $25 million with long-term fixed rates up to 25 years, repaid via special assessment on the property. $69.2M in total financing across 204 projects since inception.
• Foreign-Trade Zone #8 Foreign-Trade Zone managed under the Alternative Site Framework (ASF) where qualified users can obtain FTZ designation in as little as 90 days. Allows companies to defer, reduce, or eliminate U.S. Customs duties on products admitted to the zone.
• Community Economic Development Initiative Grant and loan program funded with property tax levy proceeds for economic development projects undertaken by eligible neighborhood-based 501(c)(3) organizations operating within Lucas County.
• Toledo Microenterprise Development Initiative Access to capital and technical assistance for start-up and existing ventures through the Port Authority's partnership with ECDI. Provides SBA-intermediary microloans from $500 to $350,000 with business development training and technical assistance.
• Diversified Contractors Accelerator Program Program providing access to bid, performance, and payment bonds for minority and women-owned contractors unable to obtain bonding through traditional sources, plus access to capital for materials and labor costs.
• ParkSmart Public parking services for downtown Toledo, including parking at Dr. Martin Luther King, Jr. Plaza and other Port Authority-owned parking structures.

Quantifiable outcome

• Over $900 million in annual economic activity generated by Port of Toledo
• +5 more outcomes

Named customers11 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

26 partnerships are on record, tiered core, major and minor.

• City of ToledocoreStrategic or Co-development Partner · 15 September 2025Port Authority partners with City of Toledo on multiple projects including island restoration (Clark and Delaware/Horseshoe Islands), Facility #3 management, airport operations (TOL owned by City), and various infrastructure projects.
• American Association of Port Authorities (AAPA)coreOthers · 30 October 2024Professional association for port authorities. Port Authority actively participates and received 2024 Lighthouse Award of Excellence for Northwest Ohio Bond Fund.
• U.S. Environmental Protection Agency (USEPA) Great Lakes National Program OfficecoreStrategic or Co-development PartnerProvides funding for Lower Maumee River Sediment Remediation Project under Great Lakes Restoration Initiative (GLRI). Cooperative agreement with Ohio EPA.
• Ohio Environmental Protection AgencycoreStrategic or Co-development PartnerProject partner for Lower Maumee River Sediment Remediation Project and Facility #3 reactivation. Administered $9 million ARPA grant for Facility #3 improvements.
• U.S. Army Corps of Engineers Buffalo DistrictcoreStrategic or Co-development PartnerProject team member for Lower Maumee River Sediment Remediation Project. Provides technical expertise and coordination for sediment cleanup alternatives.
• Ohio Department of Natural Resources (ODNR)coreStrategic or Co-development PartnerPartner with significant input in island restoration projects. Provides funding coordination through H2Ohio program.
• Mark Haynes ConstructionmajorImplementation/ SI/ Consulting PartnerConstruction contractor leading Clark and Delaware/Horseshoe Islands restoration projects. Responsible for perimeter rock berm/revetment construction, wetland backfilling, dredging, and native plant installation.
• GEI Consultants, Inc.majorImplementation/ SI/ Consulting PartnerLandscaping subcontractor for island restoration projects. Handles invasive species treatment and native plant installation at Clark and Delaware/Horseshoe Islands.
• Verdantas (formerly Hull & Associates, LLC)majorImplementation/ SI/ Consulting PartnerEngineering and design firm leading Clark and Delaware/Horseshoe Islands restoration project design. Led by engineers and scientists with input from LimnoTech and University of Toledo biologists.
• Allegiant AirlinescoreChannel Partner/ Reseller/ DistributorCommercial airline operating nonstop service from Eugene F. Kranz Toledo Express Airport to Florida destinations (Orlando Sanford, Ft. Myers/Punta Gorda, St. Pete-Clearwater, Sarasota). Celebrating 20th anniversary at TOL in 2025.
• Midwest Terminals of ToledocoreChannel Partner/ Reseller/ DistributorOperator of Port of Toledo's General Cargo Dock. Constructed liquid transloading facility with $8 million Northwest Ohio Bond Fund financing. Hosts Cleveland-Cliffs direct reduction plant operations.
• IRONHEAD MarinecoreChannel Partner/ Reseller/ DistributorOperator of Toledo Shipyard since 2006. Provides dry-dock ship repair services including survey work, hull repairs, mechanical repairs, blasting/painting with AWS and ABS certifications.
• Economic and Community Development Institute (ECDI)majorStrategic or Co-development Partner501(c)(3) nonprofit microlender and CDFI headquartered in Columbus. Lending partner for Toledo Microenterprise Development Initiative. SBA intermediary providing loans from $500 to $350,000.
• Regional Growth PartnershipmajorStrategic or Co-development PartnerRegional economic development partner. Contributed to Cleveland-Cliffs direct reduction plant project and regional economic development initiatives.
• Ohio Rail Development CommissionmajorStrategic or Co-development PartnerState rail development agency. Partner in Cleveland-Cliffs direct reduction plant project and regional rail infrastructure improvements.
• International Board of Credentialing and Continuing Education Standards (IBCCES)minorOthersGranting body for Certified Autism Center designation. Eugene F. Kranz Toledo Express Airport was first U.S. airport to receive CAC designation.
• 180th Fighter Wing Ohio National GuardmajorOthersLocated at Eugene F. Kranz Toledo Express Airport. Port Authority collaborates on Toledo Air Show and airport operations.
• Amazon AirmajorOthersAmazon Air Toledo Gateway located at Eugene F. Kranz Toledo Express Airport supporting air cargo operations.
• American Great Lakes Ports AssociationcoreOthersIndustry association. Port Authority received 21st Pacesetter Award in 2025 for tonnage growth.
• Maumee Area of Concern Advisory Committee (MAAC)majorStrategic or Co-development PartnerAdvisory committee providing support for island restoration projects. Recommended GLRI-funded project at Delaware/Horseshoe Island.
• U.S. Fish and Wildlife Service (USFWS)majorStrategic or Co-development PartnerProvided GLRI grant for Crane Creek Lacustuary Restoration Project. Partner with Ohio EPA, USGS in project management team.
• U.S. Geological Survey (USGS)majorStrategic or Co-development PartnerProject team member for Crane Creek Lacustuary Restoration Project within Ottawa National Wildlife Refuge.
• Destination ToledomajorStrategic or Co-development PartnerRegional tourism organization. Partner in Certified Autism Destination initiative and welcomed Victory I cruise vessel to Toledo.
• National Museum of the Great LakesminorStrategic or Co-development PartnerLocated at Port of Toledo. Co-hosted Welcome Ceremony for Victory I cruise vessel arrival.
• Cleveland-Cliffs Inc.coreChannel Partner/ Reseller/ DistributorLargest independent iron ore mining company in U.S. Located direct reduction plant at Ironville Terminal with $700M investment, adding 100 new vessel calls per year.
• Ohio Economic Development Association (OEDA)majorOthersStatewide economic development association. Port Authority hosted 2024 Annual Summit in Toledo. President Winston served as 2024 OEDA Board Chair.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Port of Detroit (Detroit/Wayne County Port Authority): Regional port authority on the Detroit River connecting to the Great Lakes system, managing marine terminals and supporting regional economic development. Comparable as a Great Lakes port authority with similar cargo, FTZ, and industrial property operations.
• Erie-Western Pennsylvania Port Authority: Port authority managing Port Erie on Lake Erie with maritime terminals, cargo handling, and economic development programs. Comparable as a Great Lakes regional port authority with similar tonnage scale and bulk commodity focus.
• Cleveland-Cuyahoga County Port Authority: Another Ohio port authority operating the Port of Cleveland on Lake Erie, managing maritime terminals, foreign-trade zone, and economic development financing programs. Directly comparable as a fellow Ohio/Great Lakes port authority with similar multimodal scope.
• Duluth Seaway Port Authority: Port authority operating the Port of Duluth-Superior, the largest tonnage port on the Great Lakes, handling iron ore, coal, and bulk commodities. Directly comparable as a Great Lakes port authority with similar commodity mix and infrastructure focus.
• Indiana Port Authority (Ports of Indiana): State-level port authority operating ports on the Ohio River and Lake Michigan, handling bulk commodities and providing economic development financing. Comparable as a multi-port public authority with cargo handling and industrial property management.
• Illinois International Port District (Port of Chicago): Port authority operating facilities on Lake Michigan and the Calumet River, handling bulk cargo and providing industrial property. Comparable as a Great Lakes port authority with similar public-entity structure and cargo operations.
• Port of Milwaukee: City-owned port on Lake Michigan handling bulk cargo, steel, and project cargo with cruise terminal operations. Comparable as a Great Lakes municipal port authority with similar cargo handling and terminal operations.

Regional players

• Lorain Port Authority: Ohio port authority on Lake Erie managing marine terminals and waterfront development. Comparable as a smaller Ohio port authority with similar Great Lakes cargo and economic development focus.
• Buffalo-Niagara Waterkeeper / Port of Buffalo: Port facilities in Buffalo serving the eastern Great Lakes end of the St. Lawrence Seaway system. Comparable as a Great Lakes port serving the same seaway trade corridor as Toledo.

Broad incumbents

• Great Lakes St. Lawrence Seaway Development Corporation: U.S. federal entity that operates and maintains the U.S. portion of the St. Lawrence Seaway. Comparable as a public-sector body that enables Great Lakes shipping infrastructure on which the Port Authority depends.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/tlcpa
• Facebookfacebook.com/ToledoPortAuthority
• LinkedInlinkedin.com/company/toledo-lucas-county-port-authority

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toledo-Lucas County Port Authority