The Lake Development Authority was created in February 2007 to promote projects that will provide for the creation of jobs and employment opportunities and improve the economic welfare of the people residing in Lake County. Lake Development Authority is a Port Authority under Ohio law which allows us to offer a variety of economic development tools. Port Authorities have important development powers such as the ability to acquire, lease, andimprove property, and to issue taxable and tax exempt bonds. Because Port Authorities themselves are tax exempt, they can provide development services at a lower cost than private institutions. Our services can assist would-be entrepreneurs to large corporations, small non-profits to large institutions and communities