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Richmond’s Future Mr. Jeff Keever Senior Deputy Executive Director Virginia Port Authority.

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Presentation on theme: "Richmond’s Future Mr. Jeff Keever Senior Deputy Executive Director Virginia Port Authority."— Presentation transcript:

1 Richmond’s Future Mr. Jeff Keever Senior Deputy Executive Director Virginia Port Authority

2 Port of Richmond

3 VPA Assumes Port Lease Virginia’s Governor, Lt. Governor and Secretary of Transportation fully endorsed VPA leasing the Port of Richmond Richmond City Council approved the lease 5 year initial lease with three 5 year options to renew at $75K/yr Lessor must be notified 1 year prior to end of current term if VPA does not want to renew lease. Allows VPA not to be locked in to long term lease Crane rental funded by Secretary of Transportation Richmond MPO has funded barge pilot project and offered to assist in growth of business at Port of Richmond. Lease date: July 1, 2011 – June 30, 2016

4 Operations Operated by third party, Port Contractors Inc. (PCI) similar to existing terms No VPA personnel on the ground Currently once a week barge service –Ultimate objective to create daily round trip barge service –Underscores our Green Port effort, enhances air quality and reduces highway congestion Port of Richmond has negotiated new contract –Appomattox Bio Energy –$15K/mo to lease 80,000 sf in Warehouse 3 –Storage of bulk feed products for domestic operation

5 64 Express Owned and Operated by James River Barge Line, LLC, a Norfolk Tug Holding Service began Dec. 1, 2008 Virginia’s Green Transportation Solution Short term objective – 3x/week

6 64 Express Route 12,000+ Truck Trips Saved First Year of Operation Service began 12/2008 Oversize/Overweight emphasis 30+ gal. fuel saved per truck trip Emissions reductions Relieves congestion on I-64/ Hampton Blvd in Norfolk

7 Contributing to The Barge’s Success Richmond is the North American headquarters for K-Line Early supporters of the barge –Mead Westvaco –Universal Leaf and Tobacco –Philip Morris USA Richmond MPO –Demonstration project –$3.915 million grant

8 The Virginia Inland Port Intermodal container transfer facility in Warren County Opened in 1989 161 Acres 17,820 feet of rail adjacent to Norfolk Southern main line Full-service domestic ramp with service to Atlanta, Chicago, Dallas, LA/Long Beach, Miami and New Orleans Easy access to I-81 (North/South) and I-66 (East/West) VIP handled nearly 25,000 containers in 2010

9 The Virginia Inland Port Economic engine for the Commonwealth 39 major companies have located near the Virginia Inland Port –Investment of nearly $748 Million –Over 8 Million sq. ft. of buildings –Employment of over 8,000 people 66 The Virginia Inland Port HOME DEPOT OZBURN-HESSEY

10 Major Companies Located Near VIP AmeriCold Logistics Blue Ridge Prestain DuPont Front Royal Eagle Systems Inc. Family Dollar Inc. Federal Mogul Corporation Ferguson Enterprises Inc. Ford Motor Co. Fortessa Four-U Transportation GE Lighting H.P. Hood Inc. Home Depot (Import DC) Home Depot (High Velocity DC) InterChange Group Jouan Inc. Kohl’s Corp. Kraft Foods Inc. Lennox M&H Plastics MIC Industries, Inc. Ozburn Hessey Logistics Rite Aid Corp. Rubbermaid Commercial Products Inc. Skyline Express Spahr Metric Inc. SYSCO Corp Toray Plastics Inc. Trex Company Inc. USA Cartage Virginia Storage Services Winchester Cold Storage World Wide Automotive

11 Highway Connectivity Richmond Port of Richmond

12 Legislative Update 3 Bills creating tax credit incentives –Transport of cargo by Barge or Rail –Manufacturers or distributers increasing port use –International trade facility expansion

13 Legislative Initiatives SB 1282: Barge and rail usage tax credit: 1.) Grants tax credit of $50/TEU for usage of barge/rail to move cargo. HB 2531/SB 1481: Virginia Manufacturer’s port volume increase tax credit: 1.) Tax credit to VA businesses engaged in manufacturing goods or the distribution of manufactured goods that use VA port facilities & increase their port volume by 5% in a single year

14 Legislative Update SB 1136: International trade facility tax credit 1) Grants an income tax credit equal to $3,000 for every employee hired by Virginia shippers that results from increased cargo moving through a Virginia cargo facility OR 2) 2 % of any capital investment made by a Virginia shipper to facilitate increased cargo moving through a Virginia cargo facility operated by the VPA.

15 Port of Richmond Opportunities Container Yard Port of Call/ Bill of Lading Creates tremendous opportunities for warehousing and distribution centers and/or manufacturing

16 Selected Distribution Facilities Located in Virginia

17 How Can You Assist? Encourage the surrounding location to be supportive of business that would use the Port of Richmond Develop a comprehensive study to access the industrial section of Richmond being better utilized/affiliated with global trade Encourage incentives on local levels Connect with local economic development groups Remain engaged in the success of the Port of Richmond Remain affiliated with Richmond MPO Support our Governor and Secretary of Transportation

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