{"id":1690,"date":"2020-02-21T10:45:00","date_gmt":"2020-02-21T16:45:00","guid":{"rendered":"https:\/\/www.aapaseaports.com\/?p=1690"},"modified":"2020-06-15T17:23:56","modified_gmt":"2020-06-15T22:23:56","slug":"ports-beyond-the-cargo-branching-out-climbing-up","status":"publish","type":"post","link":"https:\/\/www.aapaseaports.com\/index.php\/2020\/02\/21\/ports-beyond-the-cargo-branching-out-climbing-up\/","title":{"rendered":"Ports Beyond the Cargo: Branching Out, Climbing Up"},"content":{"rendered":"\n<p><strong>Ports are employing an entrepreneurial mindset to develop revenue opportunities outside of cargo<\/strong>.<\/p>\n\n\n\n<p>*<em>By Tom Gresham*<\/em><\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-medium is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/aapw01.wpengine.com\/wp-content\/uploads\/sites\/8\/2020\/01\/iStock-1027856020-Converted-M-copy-234x300.jpg\" alt=\"\" class=\"wp-image-1691\" width=\"234\" height=\"300\" \/><\/figure><\/div>\n\n\n\n<p>Cargo may be the work most associated with ports, but ports across the Western Hemisphere are enhancing their other existing sources of revenue and identifying new ones to bolster their bottom lines and better serve their regions. In the process, ports are pursuing creative commercial opportunities that naturally align with their assets and resources, while adding diversity to their portfolio in the event of cargo market slowdowns.<\/p>\n\n\n\n<p>Mike Schiller, director of business development for the<strong>\nPort of Vancouver USA,<\/strong> said industrial and commercial revenue\noutside of cargo was a crucial component of his port\u2019s budget and an essential\npart of the port\u2019s role in the local economy.<\/p>\n\n\n\n<p>\u201cAs we look to build out commercial and industrial activity,\nwe really are focused on how that impacts our community,\u201d Schiller said. \u201cWe\nsee ourselves as a key economic development engine within our community,\nhelping to grow the job base, and that is important to the decisions we make.\nWe look to work with partners who can bring jobs to our community.\u201d<\/p>\n\n\n\n<p>At the <strong>Port of San Diego,<\/strong>\ncargo is far from the only line of work generating revenue to support the\nport\u2019s operations. In fact, of the $193 million in operating revenue in the 2019-20 fiscal year budget, approximately $116\nmillion derives from non-cargo sources,\nsaid Shaun Sumner, vice president of real estate, engineering and facilities\nfor the port. Sumner said pursuing revenue opportunities outside of cargo helps\nthe port serve its broader mission.<\/p>\n\n\n\n<p>\u201cWe have a significant amount of infrastructure and management responsibilities around San Diego Bay, so it\u2019s important for us to have a steady flow of revenue in order to cover those,\u201d Sumner said. \u201cAnd over the last several years, the port has become more entrepreneurial, focused on making some forward investments in planning and infrastructure, as well as in some businesses.\u201d<\/p>\n\n\n\n<p><strong><em><a href=\"https:\/\/www.seaportsmag-digital.com\/aapq\/0419_fourth_quarter_2019\/MobilePagedArticle.action?articleId=1552344#articleId1552344\">Read more&#8230;<\/a><\/em><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.seaportsmag-digital.com\/aapq\/0419_fourth_quarter_2019\/MobilePagedArticle.action?articleId=1552362#articleId1552362\"><strong><em>Leer m\u00e1s<\/em><\/strong>&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ports are employing an entrepreneurial mindset to develop revenue opportunities outside of cargo.<\/p>\n","protected":false},"author":30,"featured_media":1691,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[437,4,441,445],"tags":[279,171,280,282,53,60,281,283],"class_list":["post-1690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-involvement","category-features","category-infrastructure","category-sustainability","tag-mike-schiller","tag-port-of-everett","tag-port-of-new-bedford-in-massachusetts","tag-port-of-new-york-and-new-jersey","tag-port-of-san-diego","tag-port-of-vancouver-usa","tag-shaun-sumner","tag-terrie-battuello"],"_links":{"self":[{"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/posts\/1690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/comments?post=1690"}],"version-history":[{"count":0,"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/posts\/1690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/media\/1691"}],"wp:attachment":[{"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/media?parent=1690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/categories?post=1690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aapaseaports.com\/index.php\/wp-json\/wp\/v2\/tags?post=1690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}