Nossaman Secures $10 Million Grant for Port Infrastructure Project
We secured nearly $10 million in federal funds for Tradepoint Atlantic, an intermodal global logistics hub in Baltimore, Maryland, through the U.S. Department of Transportation’s Port Infrastructure Development Grant (PIDG).
With this successive grant advocacy work, we secured nearly $30 million in federal funds from USDOT for Tradepoint Atlantic in the last two years. The two grants combined from the PIDG and the TIGER/BUILD programs will provide support for maritime and rail improvements and upgrades, berth side and bulkhead strengthening, and safety improvements.
The recent federal investment means significant returns for Tradepoint Atlantic. As a result of the grants, Tradepoint Atlantic continues to see increased capital investments from companies like Amazon, Floor & Décor, Home Depot, Under Armour, Royal Farms and others. Most recently, the McCormick & Co., the 131-year-old spice company that is headquartered in the Baltimore area, just broke ground at the site.
Our work on these grants helps clients expand business opportunities and provide reinvestment in these communities. As the USDOT Maritime Administration Administrator, Rear Adm. Mark H. Buzby said, “these grants will help our nation’s economy and ensure that America’s ports can continue to operate effectively in the competitive global marketplace.”
Tradepoint Atlantic will use these funds to expand and upgrade its growing rail and port operations in the form of waterfront access and the creation of a bulk import and export terminal. These projects will help Tradepoint Atlantic to continue growing into one of the largest most strategically significant intermodal global logistics hubs in the country.