Jobs…Jobs…Jobs: Building a healthy and prosperous community requires strong partnerships with neighborhood, waterway and other economic development and environmental partners, as well as the private sector and various levels of government.
The Minnesota Legislature established the Saint Paul Port Authority in 1932 to manage commodities transportation on the Mississippi River. In 1957, the Legislature expanded the Port’s powers to redevelop inland. Today the Port Authority has 22 business centers – including four river terminals – throughout Saint Paul.
Over its nearly 80-year history, the Port has redeveloped more than two square miles of Saint Paul into productive and prosperous jobs centers. That’s 3 ½ times the size of downtown Saint Paul
For their part, private businesses have invested nearly $200 million in Saint Paul neighborhoods since 1995 as a result of Port Authority redevelopment projects. Today our projects generate more than $33 million a year in real estate and personal property tax revenue.
To be sure, the Port Authority is a redeveloper of land, but its projects provide good-paying jobs throughout the city. Today, the Port had 529 companies employing more than 21,000 people in its 21 inner-city business centers.