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CDFA Pennsylvania Financing Roundtable Newsletter - October 2012

CDFA Pennsylvania Financing Roundtable Newsletter - October 2012
October 30, 2012
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

Reserve Your Spot at the CDFA Pennsylvania Financing Roundtable Conference
As November begins, be sure to reserve your spot at the CDFA Pennsylvania Financing Roundtable Conference which will be held at the Hilton Harrisburg on November 14. This conference on "Advancing Development Finance in the Commonwealth" will feature a number of economic development finance experts from around the commonwealth discussing new development finance tools, authorities, and approaches and how these can affect the Pennsylvania economy going forward. Register today.
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Pittsburgh's Century Building Wins Excellence Award
Pop City reports the 2009 retrofit of the Century Building, which included an open-looped geothermal system and was financed in part by CDFA members URA and Allegheny County Economic Development, received an award from the Urban Land Institute.
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Snapshot of State Venture Capital Program Implementations
Eric Cromwell and Dan Schmisseur of Cromwell Schmisseur LLC present this overview of state venture capital programs, particularly those supported by the State Small Business Credit Initiative.
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PIDC Closes on First NMTC Project
Earlier this month, the Philadelphia Industrial Development Corporation closed on its first New Markets Tax Credit transaction, providing a $10M allocation for a senior health center.
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Pennsylvania News

After Sandy, How Small Businesses Can Pick Up the Pieces
Wall Street Journal | Oct. 31 | Access to Capital | U.S. Small Business Administration (SBA) | Federal

Storm Disrupting Work for Millions May Slow Economic Growth
San Francisco Chronicle | Oct. 31 | Economic Development

How Our Startup Community Got a $3M Seed Fund
Flying Kite | Oct. 31 | Innovation Finance | Access to Capital | Local Finance Program | Member News

Bond Financing Supports 277-Unit Renovation
Affordable Housing Finance | Oct. 30 | Bond Finance | Tax Credits | U.S. Dept. of Housing & Urban Affairs (HUD) | Federal | Member News

Redevelopment Authority Plans Another $16M Investment
Express-Times | Oct. 29 | Tax Increment Finance (TIF) | Member News

Fifth Third Targets Energy Industry
Pittsburgh Business Times | Oct. 29 | Energy Finance | Access to Capital | Member News

Municipal Bond Market Note
Janney Capital Markets | Oct. 24 | Bond Finance

MSRB Files Proposal to Ease Reporting of New Issue Data
The Bond Buyer | Oct. 24 | Bond Finance | Federal

Bakery Gets $8.5M IDB for Expansion
BCTV | Oct. 24 | Bond Finance

Corbett Administration Praises Community Development Partnership
Department of Community & Economic Development | Oct. 24 | Community Development | Local Finance Program

West Penn-Highmark Breakup Drama Puts Bonds on the Brink
The Bond Buyer | Oct. 22 | Bond Finance

Governor Corbett Considers Tax Break for Job Creation
Pittsburgh Post-Gazette | Oct. 22 | Economic Development | State Finance Program

PA Manufacturer to Expand Operations in Columbia County
Department of Community & Economic Development | Oct. 22 | Access to Capital | State Finance Program | Tax Credits

Money Promotes Advanced Manufacturing, Foreign Trade in PA
Keystone Edge | Oct. 18 | Access to Capital | Member News | U.S. Economic Development Administration (EDA) | U.S. Small Business Administration (SBA) | NIST Manufacturing Extension Partnership (MEP) | Federal | U.S. Dept. of Commerce (DOC)

Officials Stepping Up to Keep Yuengling Brewing in Pennsylvania
The Republic | Oct. 15 | Economic Development

Study Credits Less Offshoring with Manufacturing Gains
Philadelphia Business Journal | Oct. 15 | Reshoring Manufacturing

SBA Backs Near-Record $30B in Small Business Loans
Business Journals | Oct. 11 | Access to Capital | U.S. Small Business Administration (SBA) | Federal

S&P: Slightly Negative Conditions for States, Locals in 2013
The Bond Buyer | Oct. 11 | Bond Finance

Administration Announces $20M for 10 Public-Private Partnerships
Department of Commerce | Oct. 10 | Access to Capital | Economic Development | U.S. Economic Development Administration (EDA) | U.S. Small Business Administration (SBA) | U.S. Dept. of Energy (DOE) | Federal

Grant to Boost Allentown Waterfront Redevelopment Efforts
Lehigh Valley Business | Oct. 9 | Access to Capital | Member News | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA) | Federal

Loan Fund Offers Low-Interest Financing for Retrofits
PIDC | Oct. 8 | Energy Finance | Green Finance | Access to Capital | Revolving Loan Funds (RLFs) | Community Development | Member News

DCED Secretary Says PA Manufacturing Seeing "Renaissance"
The Times Tribune | Oct. 5 | Economic Development

PA Receives STEP Grant to Increase Exports, Jobs
Market Watch | Oct. 4 | Access to Capital | U.S. Small Business Administration (SBA) | Federal

Muni Bonds Need State, Local Governments to Fight for Them
Governing | Oct. 4 | Bond Finance | Legislative

Project Put on Faster Track by Reducing Tax Credits
Pittsburgh Post-Gazette | Oct. 2 | Tax Credits | U.S. Dept. of Housing & Urban Affairs (HUD) | Federal | Bond Finance | Access to Capital | State Finance Program

IRS Ends Audit of PA Health Facilities Debt
The Bond Buyer | Oct. 2 | Bond Finance | Internal Revenue Service (IRS) | Federal

Changes to Libor Would Raise Borrowing Costs
Bloomberg News | Oct. 2 | Bond Finance | International

President Obama Signs Reauthorization of EB-5 Regional Center Program
The White House | Oct. 2 | Legislative | EB-5 Visa


New Additions to the Online Resource Database

Economic Impact of Ben Franklin Technology Partners 2002-2006
Innovation Finance | Access to Capital | Local Finance Program | State Finance Program | U.S. Dept. of Treasury | Federal
This executive summary from Ben Franklin Technology Partners reviews the organization's successes in support new companies across the Commonwealth of Pennsylvania.

Measuring Up: Enhanced Metrics for a New Economy
Economic Development | State Finance Program | Innovation Finance | Access to Capital | U.S. Dept. of Treasury | Federal
This report on measures of and support for Pennsylvania technology-based economic development was produced by the Dept. of Community & Economic Development.

New Markets Tax Credit Progress Report 2012
Tax Credits | U.S. Dept. of Treasury CDFI Fund | Federal
The New Markets Tax Credit Coalition provides their annual report, including a CDE survey, 2011 activity, and case studies, on the NMTC program.

Municipal Bond Fundamentals: General Obligation Bonds v. Essential Service Revenue Bonds
Bond Finance
Nuveen Asset Management explains the structure of general obligation bonds, essential service revenue bonds, and double-barrel bonds in this topic brief.


New Members

Economic Development Corporation of Erie County - Erie, PA


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.


Council of Development Finance Agencies
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA President's Club

  • BNY
  • Bricker Graydon Wyatt LLP
  • CohnReznick
  • Colorado Housing and Finance Authority
  • FBT Gibbons
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • PGAV Planners, LLC
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a CDFA President's Club Member