HANCOCK COUNTYPORT & HARBOR COMMISSION

Annual Update Presentation

Bill Cork, CEO

(228) 467-9231

bcork@hcphc.ms

1

FINANCIAL SUMMARY

2018 2019

➢Total Budget: $ 14.7M $47.7M

➢NOI: $ 4.4M $2.1M

➢Capital Investment: $ 9M $35M

➢EOY Debt: $ 0K $ 1.1M

Other financial metrics

➢Total employees: 30 31

➢Cash Reserves: $20.2M $14.9M

➢Total Net Assets: $89M $83M

• No direct county taxpayer subsidies• Self-sustaining operations• We do rely heavily on infrastructure grants

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2019 CAPITAL PROJECTS

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➢Port Bienville Industrial Park ▪ $25,993,716 total▪ Linea dock restoration: $9.2M

▪ Transloading dock: $8.7M

▪ Dredging of industrial canal: $6.2M

➢Port Bienville Railroad▪ $2,304,960 total▪ Replacement of 3 Locomotives: $1M

▪ Straight Leg Siding: $500k

▪ New Warehouse Spur: $500k

➢ Stennis International Airport▪ $15,871,387 total▪ Spaceport Licensing : $5.3M

▪ 2 hangars: $5.2M

▪ Wayfinding & Signage: $500k

2019 KEY STRATEGIES

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Port Bienville

Industrial Canal

❑ Development of

Industrial Canal

Stennis

Space Center

❑ Private

development

Stennis

International Airport

❑ Spaceport

Feasibility Study

LAND PURCHASES

5

Stennis

Int’l Airport

Highway

603

Inte

rstate

10

• 1,260 acres

• Aerospace growth

• UAS operations

• Acoustical buffer

LAND PURCHASES

6

747 acres

SNF Polychemie Expansion Update

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Employees: Currently 42 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.

March 2017

CALGON CARBON

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➢ Employees: 18 new employees after expansion

➢ 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.

December 2016

Custom Commodities

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➢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.

July 2017

RELATIVITY SPACE

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July 2018

➢Employees: 10

➢Industry/Company: Aerospace – 3D printed rockets

➢Interested Site: Stennis Space Center’s E4 test stand

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FY 2018 INDUSTRY SNAPSHOT

➢Port Bienville Industrial Park ▪ 14 companies

▪ Employment 708, increase 2%

▪ Tax revenues $5.8M, increase 10%

➢Stennis Int’l Airport ▪ 16 companies

▪ Employment 427, increase 20%

▪ Tax revenues $147k, increase 18%

➢Stennis Space Center▪ 42 agencies

▪ Employment 5,017, steady 0.4%

▪ Tax revenues $1M, increase 3%

15,583Jobs

Pro., Scientific, & Tech.

1,160 Jobs

Federal & Local Gov.4,700 Jobs

Mfg. & Constrs.

1,727 Jobs

Dept. of Defense2,058+ Jobs

R&D and Engineering67+ Jobs

Polymer/Chemical Mfg. 435+ Jobs

Adv. Mfg. 331+ Jobs

NASA & Contractors2,589+ Jobs

Aerospace443+ Jobs

In the last three years…

600 JOBS ADDED AND 20% INCREASE IN TAX REVENUE

BRE INTERVIEWS

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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!

WORKFORCE DATA(2016-2018)

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0

1

2

3

4

5

6

7

3.84

5.75

3.88 4.2

0

1

2

3

4

5

6

7

4.07

6.025.58

5.76

Availability Quality Stability Productivity

PRIME CRTS/MAIN STREET

COMMUNITY RESULTSPRIME (2016-2018)

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STENNIS SPACE CENTER BADGE DISTRIBUTION - 2018

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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

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➢Commuting Patterns Based on SSC 2018 Badge Data Proxy to Define Regional Economy

▪ Location of Employers

▪ Where Employees Come From

▪ Location of Suppliers

In two years

PLATINUM!83

high schoolers scored

In two years

GOLD!68

high schoolers scored

Scores Total Bronze Silver Gold Platinum

Hancock 803 22% 41% 22% 14%

Mississippi 105,225 30% 54% 14% 2%

Nation 4,545,577 23% 54% 21% 2%

IN CONCLUSION…

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➢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