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Port of Brownsville facility

Photo: PortofBrownsville.com

Oxnard Harbor District | Port Hueneme, CA

Project Lead: Jose Ometeotl

The Port of Hueneme Shore-Side Power utilized NMTC for the construction of 1,400 linear feet of a wharf electrification system that will provide shore-side power for fresh-fruit cargo vessels.  The project will result in a reduction of NOx vessel emissions from 263 tons per year to 53 tons per year and PM emissions from 43 tons per year to 9 tons per year. The total wages of the dock workers associated with this increase in activity will be $20 million annually, and there was 161 construction, manufacturing and professional service jobs created by the project, which also provided for the retention of nearly 3,000 produce distribution and processing jobs at the Port of Hueneme. The project will also include the acquisition of a mobile food pantry to be operated by Food Share Inc. The mobile pantry will be used to combat the food desert conditions currently found in Ventura County. $14.7MM NMTC Transaction – Closed 2013.

Download Case Study: Oxnard Harbor District

Port of Brownsville – Brownsville Navigation District | Brownsville, TX

Project Lead: Jose Ometeotl

The Port of Brownsville (POB) Gulf Marine Highway project would improve the flow of freight and increase port capacity and connectivity throughout the Gulf of Mexico.  The project would expand POB's intermodal terminal capacity while increasing its rail-served market presence.  The project is critical to the success of the region's Cross Gulf Container Expansion initiative, an expansion of the 926-mile sea route which spans five states and ten metropolitan areas, and establishes a flowing cargo link between all Gulf of Mexico ports. 

A non-profit affiliate of Brownville Navigation District would serve as QALICB completing three specific projects: (1) construction of Cargo Deck 16; (2) construction and installation of mobile harbor crane; (3) rail capacity, equipment, and infrastructure, improvements.

$28MM NMTC Transaction – Allocation secured.  POB elected to not close the NMTC transaction for reasons outside of the NMTC structure.

Jose Ometeotl leads the Willdan New Markets Tax Credit team and specializes in local economic development, with a focus on financial engineering.