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n e w h a v e n b i z . c o m | M a r c h 2 0 2 2 | n e w h a v e n B I Z 17 EVENTS CALENDAR newhavenBIZ NEW NETWORKING FOR THE NEW YEAR SPONSOR OPPORTUNITIES 2022! ADVERTISING@NEWHAVENBIZ.COM 203.937.2148 | VISIT US AT WWW.NEWHAVENBIZ.COM BEST PLACES TO WORK IN CONNECTICUT MARCH 24, 2022 Some companies just get it right! The Best Places to Work Awards honor companies who rank highest in employee satisfaction as determined by a survey administered nationally by the Best Companies Group. LOCATION: FARMINGTON GARDENS FORTY UNDER 40 MAY 2022 The 40 Under Forty Awards recognize outstanding young professionals in the Greater New Haven area that are excelling in their industries through their leadership roles. | LOCATION: TBD WOMEN IN BUSINESS AWARDS OCTOBER 2022 New Haven Biz will recognize the achievements of women who are making their mark in Greater New Haven. | LOCATION: TBD CONNECTICUT'S HEALTHCARE HEROES DECEMBER 2022 The Health Care Heroes Awards are statewide awards that identify outstanding leaders in the healthcare industry who are the epitome of a "hero." | LOCATION: TBD CONNECTICUT'S FAMILY BUSINESS AWARDS JUNE 16, 2022 Family businesses are an integral part of the social and business fabric of our state. These awards recognize outstanding achievements in family-owned businesses and tell the story of a select group of the region's most successful firms. LOCATION: FARMINGTON GARDENS American Green Fuels facility at 30 Waterfront St., the largest biodiesel production plant in New England. Production has grown steadily at the plant in recent years and the company recently secured approval from the city for a 1,400-square-foot addition. As a group, the terminals operate 12 berths with more than 6,000 feet of quays, or platforms projecting into the water for unloading or loading barges and ships. New Haven Port owners and operators have been ac- tive in advocating for the district, drawing new custom- ers and advancing port improvements, Henshaw said. "ey've been successful in generating business, and Gateway in particular is seeing a large increase in vessel calls," Henshaw said. But demand for port space has increased to the point that Henshaw himself is getting regular calls from companies seeking space at the port. eir first question: "How deep is the channel," he said. Real estate plays Another sign of the port's success is the excitement around a recent property sale. New York-based Criterion Group announced in February it would pay $21.4 million for a 133,650-square-foot industrial complex at 100-102 Wheeler St., in the port district. e deal sale set a cap rate record for all industrial properties sold in the New Haven metropolitan area, according to the broker, Matthews Real Estate Invest- ment Services. Two decades ago, the Wheeler Street complex was a key element in a "feeder barge" proposal that would have opened the port to cargo from New York- bound container ships. When New Haven lost out to Bridgeport on the project in 2003, it was subdivided for other uses. Now port officials see the property as potential space allowing for more growth. (Bridgeport was unable to execute the feeder barge plan.) e property's new owners haven't commented directly on their plans, but the brokers said they paid the record price due to "the storage capabilities and redevelopment opportunities of the investment." "With the correct investments in the property, it can make the port a more competitive location for ships to dock and transport cargo, bringing more revenue to the city," said Matthews Senior Associate Kyler Bean. Another deal that recently closed was the sale of the New Haven Harbor Station power plant, which borders the port district to the south and has excess land that could be used for storage or other port-relat- ed activities. ArcLight Energy Partners announced last August it would buy the former United Illuminating facility as part of a $1.92 billion deal to acquire New Jersey-based Public Service Enterprise Group's energy portfolio. e potential to acquire land from the power station could help build the port's infrastructure and set the stage for further expansion, said Kruse of the port authority. Recent improvements have also been made to the port's rail infrastructure to connect terminals to major lines and reduce truck traffic. Another growth prospect for the port could be its Foreign Trade Zone, a designated area with special tax benefits. Bustling decades ago with business from import/export manufacturers like Saab and gun-mak- er O.F. Mossberg, the port's zone lay quiet for years until Gateway expanded it in 2019 to 57 acres within the district. A new effort with the Greater New Haven Chamber of Commerce is seeking to draw more business to the zone. e harbor project and infrastructure improve- ments are crucial for continued growth at the port, said Judith Sheiffele, who helmed the New Haven Port Authority from its creation in 2003 until this January. "[e channel deepening] will actually increase the efficiency and actually make New Haven more competitive," Sheiffele said. "To have this project fully funded now is a very significant development," agreed Henshaw at the state port authority. With cargo ships getting bigger and bigger world- wide, New Haven needs to go deeper to both keep up and thrive into the future, he added. "It's hugely important," Henshaw said. n Tonnage processed at New Haven Port Year U.S. rank Total Domestic Foreign Imports Exports SOURCE: WATERBORNE COMMERCE STATISTICS CENTER 2020 58 8,110,776 4,794,789 3,315,987 3,009,380 306,607 2019 52 9,308,688 3,495,228 3,231,167 264,061 5,813,460 2018 55 8,838,236 2,823,800 2,588,839 234,961 6,014,436 2017 53 8,868,274 6,455,934 2,412,340 2,239,476 172,864 2016 53 9,780,119 7,190,961 2,589,158 2,365,253 223,905 2015 52 10,020,160 7,142,528 2,877,632 2,785,612 92,020 2014 60 8,710,812 5,938,131 2,772,681 2,622,476 150,205 2013 52 10,020,160 7,142,528 2,877,632 2,785,61 292,020 2012 58 7,807,423 5,433,989 2,373,434 1,841,019 532,415

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