CDFA South Carolina Financing Roundtable Newsletter - June 2017

CDFA South Carolina Financing Roundtable Newsletter - June 2017
June 28, 2017



Feature
$17.5M JEDA Bonds Finance New Business School Building at The Citadel The Series 2016 Economic Development Revenue Bond issue will help pay for construction, acquisition and equipping of Bastin Hall, a 43,950-square-foot facility consisting of classroom and administrative space which will house the Tommy and Victoria Baker School of Business at The Citadel. Lawmakers Pushing to Preserve Billions in Tax Credits for Nuclear Plants in GA and SC House lawmakers are pushing legislation that would save federal tax credits from expiring that are worth billions to the Plant Vogtle project and a similar plant in South Carolina, according to a published report. Editorial: Community Development Tax Credit Needs Boost in SC This editorial discusses a key tool provided by the Legislature of South Carolina which is the community development tax credit. This tax credit creates tax incentives for investors and donors to fund local nonprofit community-development corporations and community-development financial institutions to help create jobs, build affordable housing and revitalize long-neglected communities. EPA Awards $1.15M to SC to Protect Water Quality The U.S. Environmental Protection Agency (EPA) awarded a $1.16 million grant to the South Carolina Department of Health and Environmental Control (SCDHEC) to help protect human health and the environment. In Rural SC, Renewables Spurred on by Tax Credits South Carolina's solar capacity is ballooning, spurred by tax credits, and caused the small town of Cottageville to go fully renewable. Communities in SC Receive Funding for Water Infrastructure Improvements Several communities in SC will get a share of more than $13 million in grant funds for water, sewer and drainage infrastructure projects. The funds are coming from the S.C. Rural Infrastructure Authority. SC Loses Fight to Get Nuclear Tax Credit in Gov. Spending Bill The budget agreement worked out in Congress disappointed every member of the South Carolina delegation after a highly desired nuclear power plant tax credit was left out. At issue is a credit Congress created in 2005 to incentivize nuclear power production. But it gave plants a 2020 deadline to complete their work in order to qualify.
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CDFA Summer School August 7 - 11, 2017 - Minneapolis, MN CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.
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