The Real Deal Miami

Local ports could benefit from 2 new bills

March 18, 2010 09:54AM

Two bills that would invest in Florida’s port system are now in the Florida House of Representatives, and Governor Charlie Crist is working to get them passed. One would focus on commercial port activity; the other, the Florida Ports Investment Act, would emphasize port infrastructure and look to generate income from investment by insurance companies. The latter would lso create a non-profit corporation to use voluntary funds to invest in port projects. A report last week showed increased export activity at Miami and Fort Lauderdale ports was having a positive effect on local industrial vacancy. [SFBJ]