Supporting Local Economic Development with IDBs
Illinois Manufacturers Pay Notice to IDB Impact
Supporting Local Economic Development with IDBs is an in-depth article covering IDBs and their impact on economic development efforts. This article includes information on the latest trends and legislative advancements of this important financing tool. Published in the Spring 2007 edition of The Illinois Manufacturer and written by William Reisner from Stern Brothers & Co.
Early Bird Registration Ends Today:
2007 CDFA Annual Summit
Don't miss out on the development finance event of the year. Join CDFA in Miami this May as we examine the Waves of Change: Development Finance Solutions that Work!




March 2007 Headlines:

Housing: House OKs Bill Making Mortgage Bonds More Useful for Gulf Coast
Posted on Thursday, March 29, 2007
By Alison L. McConnell

GFOA Wants to Put GASB Out of Business
Posted on Friday, March 16, 2007
By Lynn Hume

Trends in the Region: D.C.'s IRB Mastermind Looks Back On 13 Years and $5B
Posted on Monday, March 26, 2007
By Andrew Ackerman

Legislation: Senate OKs Budget With Two-Year AMT Patch
Posted on Tuesday, March 27, 2007
By Alison L. McConnell

Legislation: House Panel: Alternative Minimum Tax Repeal Must Be Priority in 2007
Posted on Thursday, March 08, 2007
By Alison L. McConnell

AMT is Catching CDFA’s Attention
Senate agrees to Two-year Patch
The closing of the month of March and the arrival of April signifies the end of the first quarter in 2007. The House and the Senate are finished selecting committees and busy settling into their routines of hearings, testimony and committee votes. Last month, the Senate and House were busy with improvements to cumbersome AMT laws while the House also addressed redevelopment needs. The following is the monthly development finance legislative report from Capitol Hill.
Featured Resource: Using Tax Increment Financing for Brownfields Redevelopment
From the Northeast-Midwest Institute
TIF has become a mainstream economic development tool over the last several years. However, more recently a connection has been made between brownfield projects and TIF financing. This resources looks at both TIF and brownfield redevelopment, their history and how the two can work together. The paper looks at case studies using TIF for brownfield redevelopment including programs in Michigan, Wisconsin, Pennsylvania and Connecticut.
Getting Our Money's Worth? An Evaluation of the Economic Model Used for Awarding State Business Subsidies
New Report from the Council for Enterprise Development and the North Carolina Justice Center
This report examines the costs and benefits of North Carolina's business incentive efforts to educate policymakers, media and citizens about the use of economic and fiscal impact models. The goal is to help protect North Carolina from over investing public tax dollars for specific projects. Written and published by the Council for Enterprise Development and the North Carolina Justice Center.

Peer-based Technical Assistance
CDFA technical assistance is a fee service available to organizations and communities in the development finance industry. Technical assistance ranges from helping clients develop and apply specific financing tools to sharing successful models from other geographic areas. The program utilizes a peer-based approach, drawing advisory teams from an expert network of CDFA members and affiliates. For more information, please contact CDFA or visit the program webpage.
Associate, Public Finance Investment Banking
Stone & Youngberg - Annapolis, MD

Public Finance Specialist
National Association of Home Builders (NAHB) - Washington, DC



Save the Date:
The Annual Summit (May 22-24, 2007 in Miami, FL) is the premier development finance industry event of the year. Featuring dozens of sessions, workshops, distinguished speakers and presentations on a wide variety of finance topics, the Summit provides economic developers, finance professionals, private sector leaders and community advocates a prime opportunity for networking, education and information sharing. >>>LEARN MORE


County of Chautauqua Industrial Development Agency - Jamestown, NY

First Suburbs Development Council - Cleveland Heights, OH

Housing Authority of the City of Tampa - Tampa, FL

Lafayette-West Lafayette Development Corporation - Lafayette, IN

North Carolina's Eastern Region - Kinston, NC

S.B. Friedman & Company - Chicago, IL



To submit articles, events or job postings for publication in CDFA Update email CDFA.
To subscribe or unsubscribe to the email version of CDFA Update, or to report problems with links, contact CDFA.