CDFA Missouri Financing Roundtable Newsletter - February 2016

CDFA Missouri Financing Roundtable Newsletter - February 2016
February 17, 2016



Feature
Kansas City Micro-Loan Program Targets Artists According to KCUR 89.3, Kansas City's Office of Culture and Creative services have expanded their micro-loan program targeting artists, ArtCap. Originally launched in 2015 with a budget of $50,000, the revised budget has been greatly increased to $250,000 to respond to the overwhelming demand. Tax Increment Financing in Missouri The Missouri Department of Revenue's 2015 Annual Report Summary details all TIF projects carried out throughout the state as of 2015. The projects are broken down by eight different categories, most of which cover a kind of blight designation, as well as jobs created and retained through these projects and anticipated costs. MO Auditor Announces Plans to Audit TIF Procedures The Missouri state auditor has recently announced plans to audit Cass County's procedures on Tax Increment Financing districts, the Washington Times reports. MDOT Director Claims MO Infrastructure Needs Critical Attention The Bond Buyer reports that Missouri's Department of Transportation Director recently urged lawmakers to allocate additional funds for infrastructure improvements and renovations as the 50-year lifespan of the state's highways, roads, and bridges is nearing its end. MO Signs $750M Export Agreement with Columbia The Daily Journal reports that Missouri's economic development director has signed a $750M export agreement with the country of Columbia, establishing a trade agreement to last the next five years. Standard & Poor's Downgrades University of Missouri's Credit Outlook Fox 2 Now reports that Standard & Poor's recently downgraded the outlook of the University of Missouri System's credit rating, dipping the University's AA+ from stable to negative. Senate Committee Approves Bill to Eliminate St. Louis' Earnings Tax KTRS reports that a measure aiming to eliminate Kansas City and St. Louis' one-percent earnings tax is moving ahead after receiving approval from a Senate committee.
Upcoming Events
CDFA Missouri Conference April 20, 2016 - Kansas City, MO Join the CDFA Missouri Financing Roundtable for the second annual conference on April 20, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Missouri economy going forward. The conference will take place at Kansas City Marriott Downtown in Kansas City, Missouri and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA Missouri Financing Roundtable Conference.
Missouri News
Edward Jones Dome Payment Removed from 2017 MO Budget St. Louis Post-Dispatch \| Feb. 16 \| Legislative \| State Finance Program Financing Is Set for KC Middle School Reuse Project Kansas City Star \| Feb. 11 \| Community Development \| Redevelopment \| Tax Credits Missouri Senate Persuades NGA to Remain in St. Louis The St. Louis American \| Feb. 10 \| Economic Development \| Legislative Petitioners Sticking to Their Guns on BNIM TIF The Pitch \| Feb. 5 \| Tax Increment Finance (TIF) St. Louis Voters to Decide on Long Proposal List in April The Bond Buyer \| Feb. 3 \| Bond Finance \| Legislative \| Local Finance Program Crestwood, MO to Hold Hearing on TIF for Mall Redevelopment St. Louis Business Journal \| Feb. 3 \| Tax Increment Finance (TIF) Economic Development Incentives Give Boost to Kirksville Projects Kirksville Daily Express \| Feb. 1 \| Local Finance Program \| Tax Credits \| Tax Increment Finance (TIF) Redevelopment Plans Move Forward for East Brookside Corridor KCUR 89.3 \| Jan. 29 \| Economic Development \| Redevelopment KA Supreme Court Eyes Greenhouse Gas Limits for Coal Plant The Kansas City Star \| Jan. 29 \| Energy Finance \| Green Finance \| Legislative MoDOT Director Tells Lawmakers Transportation Funding Critical The Bond Buyer \| Jan. 28 \| Bond Finance \| Infrastructure Finance \| State Finance Program St. Louis Seeking $17M From the State to Finance Ballpark Village St. Louis Public Radio \| Jan. 20 \| Economic Development \| Local Finance Program \| State Finance Program Foresight Energy Aims to Reach Bond Agreement by Week's End St. Louis Business Journal \| Jan. 20 \| Economic Development \| Energy Finance Thompson Coburn Assists With St. Louis Council, Chamber Merger Thompson Coburn \| Jan. 20 \| Local Finance Program \| Member News MO Department of Economic Development Awards Over $7M in Tax Credits Missouri Department of Economic Development \| Jan. 20 \| Economic Development \| State Finance Program \| Tax Credits >>> SEARCH HEADLINES
Sponsors
Roundtable Partner Conference Premium Sponsor Conference Supporting Sponsor For information about sponsoring the CDFA Missouri Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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.