The Port of Port Angeles has a wide range of properties including commercial buildings, office space, marine industrial sites, industrial parks, manufacturing sites, warehouses, airport property and cargo shipping facilities.
Industrial Parks and Commercial Properties
The Port owns and operates a number of industrial and commercial properties, covering a broad range of uses and amenities. The development of these properties has been guided by the Port’s strategic vision to support and expand economic opportunity in Clallam County. The Port has three major industrial properties at or near the Fairchild International Airport:
- The Composite Manufacturing Campus consists of three 25,000-square-foot buildings to complement the existing composite industry tenants currently leasing over 140,000 square feet in five buildings. Its anchor tenant is the Composites Recycling Technology Center, a flagship example of successful partnering with the Port.
- The North Airport Industrial Park is a modern, fully developed facility on 110 acres adjoining the main runway of the William R. Fairchild International Airport.
- The South Airport Industrial Park is across from the main airport terminal and has several parcels under development.
- The Marine Trades Industrial Park is located just east of Terminal 1 on the Port Angeles harbor waterfront and has been redeveloped from a former mill site.
Industrial Development Corporation
For the purpose of facilitating economic development and employment opportunities in Washington State through the financing of the project costs of industrial development facilities, a municipality may enact an ordinance creating a public corporation for the purposes authorized in Ch. 39.84 RCW.
Such a public corporation may issue revenue bonds for the purpose of financing all or part of the project cost of any industrial development facility and to secure the payment of the revenue bonds as provided. A number of Washington local governments created industrial development corporations (IDCs) in the early 1980's after the legislation was enacted.
An IDC can issue industrial revenue bonds to provide financing for land, buildings, and equipment for new and expanding manufacturing facilities. These loans may be used to encourage relocations and expansions of companies that provide jobs and expand economic opportunities for residents and the community.
Tax exempt bonds may be applied for by the manufacturer, processing company, or wholesale distribution center. Cities, counties, port districts and economic development agencies have the ability to issue revenue bonds. The Port of Port Angeles will work with interested entities to help facilitate the IDC process.
Past Industrial Development Corporation Meeting Minutes