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CDFA Ohio Financing Roundtable Newsletter - January 2014

CDFA Ohio Financing Roundtable Newsletter - January 2014
January 15, 2014
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CDFA Ohio Financing Roundtable Newsletter

Feature

Chinese Firm to Bring 800 Jobs to Former Moraine GM Plant
Gov. John Kasich and JobsOhio announced 800 new manufacturing jobs tied to a Chinese auto-glass company moving into the former General Motors plant in the Dayton suburb of Moraine.

Team NEO: Economic Efforts Starting to Pay Off in Mansfield
Thomas Waltermire, CEO of Team Northeast Ohio, told the Richland Community Development Board this week that the county's professionalism and responsiveness to business opportunities is starting to pay off. Team NEO's focus is to market northeast Ohio to the world as an attractive place to bring business and invest.

Third Frontier Fund Helps Startups Using OSU Research
A new fund has been created to help Ohio State University turn technologies into commercial applications that in turn will spur economic growth and create jobs in the state. OSU and the Ohio Third Frontier program have pooled $1 million to create the Technology Concept Fund, which is being managed by TechColumbus.

State PAB Volume Caps Jump for 2014
The Bond Buyer reports that states will be allowed to issue 5.2% more of private activity bonds in 2014, freeing money for projects that would otherwise be ineligible for tax-exempt financing. Included are graphics demonstrating the volume cap changes from 2013 to 2014 by state.

$9.5M in NMTCs Earn Franklinton Prep New Digs
Franklinton Preparatory Academy opened just this year, but already has its sights on moving the charter into an abandoned public school building in April, thanks to closing a New Markets Tax Credit agreement for $7M, in addition to a state credit of $2.5M. The deal was closed by the Finance Fund.

CDFA Spotlight

Sponsor the CDFA Ohio Financing Roundtable in 2014
Interested in bringing your organization to the forefront of hundreds of economic development finance professionals in the state? Consider sponsoring the CDFA Ohio Financing Roundtable in 2014.

Ohio News

Which States Will Generate Jobs in 2014?
The PEW Charitable Trusts | Jan. 14 | Economic Development | State Finance Program

Opinion: Capital-improvements Program Deserves Renewal
Columbus Dispatch | Jan. 14 | Economic Development | Infrastructure Finance | Legislative

Lorain Growth Downtown Consortium Aims to Revitalize Downtown
Lorain Morning Journal | Jan. 14 | Community Development

Duke Energy to Contribute to Port Authority's Redevelopment Efforts
Cincinnati Business Courier | Jan. 14 | Member News | Redevelopment

Ohio Historic Tax Credit Used for Youngstown Mansion
WKBN 27 | Jan. 13 | Access to Capital | Community Development | Redevelopment | State Finance Program

Proposal Ups State Borrowing to Aid Local Infrastructure Projects
Columbus Dispatch | Jan. 10 | Bond Finance | Infrastructure Finance | State Finance Program

Port Authority Brings Expansion, Jobs to Leetonia Plant
WFMJ | Jan. 9 | Economic Development | Local Finance Program | Tax Credits

Creating Jobs by Investing In Ohio's Clean Energy Economy
Lakewood Observer | Jan. 8 | Economic Development | Energy Finance | Green Finance | U.S. Dept. of Energy (DOE)

Cleveland Economic Development Districts Look at Merging
Cleveland Plain Dealer | Jan. 8 | Economic Development

News Briefs: Historic Tax Credits
Novogradac | Jan. 7 | Access to Capital | Community Development | Redevelopment | State Finance Program

Preservation Tax Credit Awarded in Downtown Wilmington
Wilmington News Journal | Jan. 6 | Community Development | Revolving Loan Funds (RLFs) | Tax Credits

Editorial on AG Report: Keep Them Accountable
Columbus Dispatch | Jan. 6 | Economic Development | State Finance Program

City Development Programs Credited for 600 New Dayton Jobs
Dayton Business Journal | Jan. 6 | Economic Development | Local Finance Program

New Youngstown Mayor to Reorganize Economic Development
The Business Journal Daily | Jan. 6 | Economic Development | Local Finance Program

Angel Tax Credit Could Help Tech Startups Grow
Cincinnati.com | Jan. 3 | Access to Capital | Innovation Finance | State Finance Program | Tax Credits

Downtown Dayton Gets Historic Tax Credits for 159 Units
Dayton Business Journal | Jan. 2 | Access to Capital | Community Development | Urban Development


New Additions to the Online Resource Database

Investing in Brownfields: The Economic Benefits of the Clean Ohio Revitalization Fund
Brownfield Financing | Economic Development | Redevelopment | State Finance Program
Greater Ohio Policy Center conducted an independent study of the Clean Ohio Revitalization Fund to analyze the statewide economic impacts of public investments in brownfield sites. At a time of potential transition for the program, this study aims to inform the public dialogue about the program's future and to ensure that the program fulfills the mission set out for it in 2000, when Ohio voters first approved it.

The Federal Historic Tax Credit
Community Development | Redevelopment | State Finance Program | Tax Credits | Federal
This document by Heritage Ohio and the National Trust for Historic Preservation presents a number of case studies throughout Ohio that have used federal and state historic tax credits, in order to outline the economic impacts of each project.

Ohio Vacant Facilities Fund - Fact sheet
Community Development | Redevelopment | State Finance Program
The Office of Energy and Redevelopment at ODSA announces that funds remain available under this program as of January 2014. Here is a quick fact sheet to see if the Vacant Facilities Fund is for you.


Sponsors

Annual Roundtable Sponsor

Bricker & Eckler LLP Frost Brown Todd, LLC Ice Miller LLP

For information about sponsoring the CDFA Ohio Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

Job Postings

Legislative and Federal Affairs Coordinator -- CDFA
CDFA is seeking a motivated, well-organized and experienced individual to fill the position of Legislative & Federal Affairs Coordinator. This position is critical to the continued success of CDFA's grassroots legislative, federal affairs and ongoing policy and advocacy efforts. Click on the link for more details.

New Members

City of Grove City - Grove City, OH


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 National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • 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.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor