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CDFA Pennsylvania Financing Roundtable Newsletter - June 2012

CDFA Pennsylvania Financing Roundtable Newsletter - June 2012
June 29, 2012
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

Unlocking the Development Finance Toolbox in Pennsylvania -- Free Webcast Today
June 27, 2012 @ 1pm EDT
Development finance is the heart of economic, energy, infrastructure, technology, and environmental development. Without core financing tools, such as bonds, TIF, tax credits, and access to capital, development projects cannot move forward. During the first-ever CDFA Pennsylvania Financing Roundtable Webcast, a panel of experts from throughout Pennsylvania will explore the depths and potential for unlocking the development finance toolbox in the Keystone State. Registration for this webcast is free and open to all.
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The Return of TIFs
This article from Trib Total Media covers a renewed interest in the use of tax increment finance, particularly within Pittsburgh, and touches on the importance of accountability when considering projects.
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Co. to Commence Construction of Solar Project in PA
Federal tax credits and state energy grants will enable the state's largest solar project to proceed -- with no cost to the school district receiving the installation. AZo Cleantech reports on the project.
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PA Redevelopment Assistance Capital Program Redesigned
The former Redevelopment Assistance Capital Program has been renamed the Pennsylvania Economic Growth Initiative and given an emphasis on projects that attract and retain jobs. PR Newswire has the full release on the program updates.
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CDFA Announces the American Manufacturing Bond Finance Act
Earlier this month, CDFA announced a comprehensive reform package to modernize and revolutionize Industrial Development Bonds. The seven suggested reforms would expand the capacity and usability of these bonds to help create American jobs.
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Pennsylvania News

Early Bird Deadline for the 2012 CDFA National Development Finance Summit Extended to June 27
CDFA | Jun. 27 |

Co. Receives State Grants to Create Jobs
Pocono Record | Jun. 27 | State Finance Program | Access to Capital | Tax Credits

Despite Fears, Many Muni Credits Are Stable to Better
The Bond Buyer | Jun. 26 | Bond Finance

Collection of Harrisburg Development Loans Improving
Central Penn Business Journal | Jun. 26 | Access to Capital | Revolving Loan Funds (RLFs) | Local Finance Program

USDA Grants Available to Help Rural Businesses
Brattleboro Reformer | Jun. 25 | Access to Capital | Rural Development | U.S. Dept. of Agriculture (USDA)

Mixed-Use Development to Bring Housing, Retail
Public Source | Jun. 21 | Access to Capital | Revolving Loan Funds (RLFs) | Bond Finance | State Finance Program | Local Finance Program | Member News

Soccer Denying City Shows Stadium Risk
Bloomberg Businessweek | Jun. 21 | Bond Finance | Local Finance Program

The Three Biggest Myths About the SBA
The New York Times | Jun. 20 | U.S. Small Business Administration (SBA) | Federal

Distribution Center to Create 500 New Jobs in PA
Market Watch | Jun. 20 | Access to Capital | State Finance Program | Tax Credits

Scranton's Charges Atmosphere Stymies Attempts to Stay Solvent
The Bond Buyer | Jun. 18 | Bond Finance

State: Incentive Plan Would Keep Jobs in PA
Times Online | Jun. 18 | State Finance Program | Tax Credits | Energy Finance

Are Tax Breaks Effective for Reeling in Big Business?
Pittsburgh Post-Gazette | Jun. 17 | Tax Credits | State Finance Program | Economic Development

Civil Engineers Likely to Grade U.S. Infrastructure 'D'
Bloomberg Businessweek | Jun. 15 | Infrastructure Finance | Bond Finance

Township Creates District to Backup Interchange Plan
Morning Call | Jun. 13 | Tax Increment Finance (TIF) | Infrastructure Finance | Local Finance Program

Development Finance Programs and Tools for Supporting Clean Energy
CDFA | Jun. 13 | Energy Finance | Green Finance | Bond Finance | Tax Credits | Access to Capital | Innovation Finance

Film Studio Proposed at Vacant Brewery
WPVI | Jun. 12 | Tax Increment Finance (TIF)

PA Investments in Site Development Supports 74 Jobs
KCTV | Jun. 12 | Access to Capital | State Finance Program

Is PA Business Group's Fight Against Solar Bill Unfounded?
Clean Energy Authority | Jun. 11 | Energy Finance | Green Finance | State Finance Program

Municipal Bond Issuance Increases in 2012
PIDC | Jun. 11 | Bond Finance | Member News

Future of American Manufacturing Hinges on Access to Affordable Capital
CDFA | Jun. 11 | Bond Finance | Legislative

Organization to Invest $342K in PA Tech Companies
Ben Franklin Technology Partners | Jun. 6 | Innovation Finance | Access to Capital | State Finance Program

Low-Income Housing Tax Credits News Briefs
Novogradac & Co. | Jun. 6 | Tax Credits | U.S. Dept. of Housing & Urban Affairs (HUD) | Federal | Member News | State Finance Program

Rebuilding Pittsburgh's Entrepreneurial Economy
Public Source | Jun. 6 | Innovation Finance | Access to Capital | Local Finance Program

PA Gov. Urges $1.7B in Tax Credits for Shell
Inquirer | Jun. 4 | Tax Credits | Energy Finance

ABCD Corp.'s Small Business Financing
ABCD Corp. | Jun. 1 | Access to Capital | Local Finance Program | Member News | Innovation Finance | U.S. Small Business Administration (SBA) | Federal | State Finance Program


New Additions to the Online Resource Database

Keystone Innovation Zone Tax Credit Program Guidelines
Tax Credits | State Finance Program | Innovation Finance | Access to Capital
Pennsylvania's Keystone Innovation Zone tax credits provide tradeable state credits to young companies. The program guidelines describe the program in detail.

Pittsburgh Business Growth Fund Program Guidelines
Revolving Loan Funds (RLFs) | Access to Capital | Local Finance Program | U.S. Dept. of Housing & Urban Affairs (HUD) | Federal | Community Development | Urban Development
These program guidelines from the Urban Redevelopment Authority of Pittsburgh provides details on loans made from the CDBG-backed revolving loan fund.

Municipal Auction Rate Securities and Variable Rate Demand Obligations: Interest Rate and Trading Trends
Bond Finance | Federal
This report from the Municipal Securities Rulemaking Board summarizes market activity and interest rate resets for ARS and VRDOs from 2009-early 2012.

SBA 7(a) Programs Comparison Chart
Access to Capital | U.S. Small Business Administration (SBA) | Federal
This chart from the U.S. Small Business Administration compares the various 7(a) loan programs along eligibility, structure, terms, and more.

Screening Sites for Wind Energy Potential
Energy Finance | Green Finance | U.S. Environmental Protection Agency (EPA) | Federal
This resource from the EPA and NREL provides a guide to screening potential sites for wind development. The document outlines a decision tree for the process and provides a list of development finance incentives to consider for the financing portion.



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