CDFA Cap Ex Legislation Spurs $1.8 Billion Increase in Industrial Development Bond Issuance Nationwide
-- Council Releases 2007 National Volume Cap Report --
Issuance of industrial development bonds (IDBs), the primary source of public financing for small manufacturers, climbed to more than $2.97 billion in 2007, representing a $1.8 billion or nearly 150% increase over the previous year, according to the 2007 National Volume Cap Report released by CDFA in May 2008.
New Look for CDFA.NET
-- Web Site Now Packed with Daily Development Finance News --
CDFA has unveiled its new and improved website at www.cdfa.net. The new site features daily development finance and legislative headlines from around the country. The site also allows users to explore the thousands of resources in the Online Resource Database and finance topic libraries directly on the homepage. Check out the new look of CDFA.NET today!
CDFA Announces Introduction to Development Finance Seminar in Florida
-- 2 Year Partnership with SEDC --
CDFA is proud to announce a special partnership with the Southern Economic Development Council. Over the next two years, CDFA and SEDC will jointly offer four seminars on development finance, and those who attend all four seminars will receive a "Certificate of Basic Economic Development Finance Proficiency".
Support for Expanded Manufacturing Definition Grows While CDFA Legislation Increases IDB Issuance
CDFA’s legislation to expand the use of industrial development bonds (IDBs) continues to gain momentum as CDFA staff and members work towards the introduction in the House of Representatives of a companion bill for S. 2885. The release of the CDFA 2007 National Volume Cap Report shows the impact that CDFA's capital expenditure limit increase had on issuance in 2007.
Auction-Rate Securities Market Changes Forcing Issuers to Pursue Alternatives
Problems with the auction-rate securities market have dominated industry headlines for the last several months. With the erosion of the once commonly used, low-cost bond financing option, issuers have been looking for cost effective alternatives. There were about $325-$369 billion of auction-rate securities (ARS) outstanding, of which nearly half was municipal debt. Once auctions began failing, market participants have been pursuing several options for ARS. This article examines the current state of ARS and how issuers have dealt with a major change in the market.
City of Arlington, TX: Tax Increment Reinvestment Zone Annual Report
The city of Arlington, TX released its 2007 Annual Report which provides a background of the city, TIF and its program. The report also provides details about each of the city's tax increment reinvestment zone areas.


Community Development Authorities: Financing Tool Gaining Popularity
"Virginia Town & City" a publication of the Virginia Municipal League, uses its May 2008 issues to discuss the rise in popularity of Community Development Authorities as a means to finance economic development projects. The article also features several case study examples of how communities in Virginia have used CDAs recently.



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Recent Headlines:

Supreme Court Rules for Kentucky in Davis Case
Finds in Favor of State in 7-to-2 Decision
Tuesday, May 20, 2008
By Peter Schroeder

Vallejo Files for Chapter 9
Calif. City Predicts $16 Million Deficit
Tuesday, May 27, 2008
By Andrew Ward

MSRB Proposes New System for VRDOs
Tuesday, May 27, 2008
By Andrew Ackerman

Panel OKs $5.4B of Tax-Credit Bonds
Friday, May 16, 2008
By Peter Schroeder

Technical Error Negates Bush's Veto of Farm Bill
Tuesday, May 27, 2008
By Peter Schroeder

CDFA Bookstore Offers Variety of Educational Resources
Need more resources for your development finance projects? Check out the CDFA Bookstore for resources on bonds, tax credits, tif and other tools. Members receive special discounts through CDFA's partnership with Novogradac & Company. >>>LEARN MORE

Chief Financial Officer
Atlanta Development Authority
>>>LEARN MORE
CDFA’s Tax Increment Finance Course (July 17-18 in Washington, DC) offers an in-depth look at the guiding principles and appropriate application of TIF. This course brings TIF deal-making and best practices into focus through a two-day program. >>>LEARN MORE
The Development Bond Finance Course(September 18-19 in Washington, DC) offers an in-depth look at tax-exempt financing, with an emphasis on Industrial Development Bonds for manufacturers and nonprofits. IDBs are an important economic development tool that can bring economic growth to your community or expand your client base. >>>LEARN MORE
CDFA's new training course, the Revolving Loan Fund Essentials Course, will debut November 20-21, 2008 in Washington, DC. This course will set the stage for how to implement and maximize this important development finance tool. >>>LEARN MORE


Dearborn County Economic Development Initiative - Lawrenceburg, IN

Vorys, Sater, Seymour and Pease LLP - Cleveland, OH



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