hancock county port & harbor...
TRANSCRIPT
HANCOCK COUNTYPORT & HARBOR COMMISSION
Annual Update Presentation
Bill Cork, CEO
(228) 467-9231
1
FINANCIAL SUMMARY
2019 2020
➢Total Budget: $ 13.6M $ 41.5M
➢NOI: $ 4.6M $ 3M
➢Capital Investment: $ 8M $ 34M
➢EOY Debt: $ 0 $ 0
Other financial metrics
➢Total employees: 30 31
➢Cash Reserves: $ 18M $ 21M
➢Total Net Assets: $ 74M $ 105M
• No direct county taxpayer subsidies• Self-sustaining operations• We do rely heavily on infrastructure grants
2
KEY STRATEGIES
3
Port Bienville
Industrial Canal
❑ Development of
Industrial Canal
Stennis
Space Center
❑ Private
development
Stennis
International Airport
❑ Spaceport
Feasibility Study
2020 CAPITAL PROJECTS
4
➢Port Bienville Industrial Park ▪ $15,000,000+▪ Transloading dock
▪ Dredging of industrial canal
▪ Road & dock maintenance
➢Port Bienville Railroad▪ $2,000,000▪ Lower Bay Road switches
▪ Straight Leg Siding
▪ Culvert replacement
➢ Stennis International Airport▪ $17,000,000+ ▪ Multi-user aero strip
▪ Hangar Phase II
▪ Site development
NEW DOCK
5
Hancock County Port and Harbor Commission(228) 467 9231| PortAirSpace.com
SITE 4 TRANSLOAD
7
Hancock County Port and Harbor Commission(228) 467 9231| PortAirSpace.com
MARITIME ACCESS
LAND PURCHASES
8
747 acres
LAND PURCHASES
9
Stennis
Int’l Airport
Highway
603
Inte
rstate
10
• 1,260 acres
• Aerospace growth
• UAS operations
• Acoustical buffer
RELATIVITY SPACE
11
➢Employees: 200
➢Investment: $60,000,000
➢Industry/Company: Aerospace – 3D printed rockets
➢Sites: Stennis Space Center’s E4 test stand & Building 9101
WORLD’S FIRST AUTONMOUS ROCKET ENGINE FACTORY
12
E-4 TEST SITE
13
SNF Polychemie Expansion Update
14
Employees: Currently 54 employees. New jobs after expansion 10 – 12 employees
Company Investment: $5,300,000
Industry/Company: SNF – Polychemie
Overview: SNF is adding two synthesis reactors – a tank farm and ancillary vessels for additives and scrubbers. This will help with the production of Flosperse, a liquid used to inhibit scaling in water pipes.
Update: Under construction.
CALGON CARBON
15
➢ Employees: 18 new employees after expansion, currently 42 employees
➢ Average Wages: $65,000
➢ Company Investment: ~$19,000,000 for expansion
➢ Overview: Expansion is strictly for DoD demand. Calgon Carbon will be producing activated carbon that goes into masks and uniforms for US Military personnel.
➢ Update: Expected construction to start at the end of 2019.
Custom Commodities
16
➢Employees: 14
➢Average Wages: $50,000
➢Company Investment: $200,000
➢Industry/Company: Transportation of dry bulk and liquid transport,
➢Site: Two buildings in Port Bienville
➢Update: Purchased building in December 2018.
17
Trends Since 2015
➢Port Bienville Industrial Park ▪ 14 companies
▪ Employment: 22% increase from 664 to 810
▪ Tax revenues: 27% increase of $1,733,264.54 ($6,470,000)
➢Stennis Int’l Airport ▪ 16 companies
▪ Employment: 12% increase -- from 242 to 272
▪ Tax revenues: 53% increase of $123,642 ($233,000 total)
➢Stennis Space Center▪ 42 agencies
▪ Employment: 5,017, steady 0.4%
▪ Tax revenues: 2% decrease of $17,378 ($939,737)
BRE INTERVIEWS
18
FY 2016 - 2018
2,658
$413,165,000
70120
Expansions will add
Companies
plan to expand
companies have
been interviewed
will go into expansions6,162 combinedEMPLOYEES
last four years,
1,267 jobs have been
addednew jobs
• Acknowledge our community’s service providers
• Fire, ambulance, police and utility providers (A+ ratings!)
• Continue and improve our workforce development programs• Need supply and skills, productivity is there!
In two years
GOLD &PLATINUM!
151high schoolers Scored
Scores Total Bronze Silver Gold Platinum
Hancock 830 23% 41% 22% 14%
Mississippi 111,362 31% 53% 14% 2%
Nation 4,602,482 23% 54% 21% 2%
Workforce Goals Actuals
Emerging ✓ 263 362
Current ✓ 147 251
Transitioning 252 217
Profiled Jobs 3 0
Employers Supporting ✓ 43 57
STENNIS SPACE CENTER BADGE DISTRIBUTION - 2018
20
Total SSC Badges: 4,545 in October 2018
1,121 1,101
901854
105
0
200
400
600
800
1,000
1,200
Pearl River St. Tammany Harrison Hancock Jackson
Mississippi: 3,160
Louisiana: 1,367
Alabama: 18
STENNIS SPACE CENTER BADGE DISTRIBUTION
21
➢Commuting Patterns Based on SSC 2018 Badge Data Proxy to Define Regional Economy
▪ Location of Employers
▪ Where Employees Come From
▪ Location of Suppliers
IN CONCLUSION…
22
➢Jobs, Tax Base and Revenue! - Your Port and Harbor Commission is working hard for you to retain current jobs, expand current companies and attract new companies
that create new jobs, tax base and revenue.
➢Transparency and Communication - Budget and audit awards from GFOA
➢Workforce – Hancock County has a productive workforce, but the availability is lacking. We established a committee and still inviting others to participate to help
address the issues. First step is to broadly implement ACT Work Ready Community
initiative to benchmark ourselves.
➢Political Support – Dredging, BP Economic Damages $ and other projects will need it to grow industrial tax base and keep homeowner’s taxes lower
➢Capture Multiplier Effect - Cities and County have to begin to get a plan to capture more payroll related financial and quality of life benefits from industrial attraction
AND support industrial attraction