Development Finance Review Weekly - June 15, 2017
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Feature |
Webcast: Financing the Nation's Transportation Needs One Community at a Time
Federal, state, and local funding for transportation is woefully inadequate to cover the costs of maintenance and improvements needed. Although this subject is often discussed on a national level, it often remains a local issue for local communities to address. From bridges and roadways to water and energy, local communities are developing creative strategies to address their growing infrastructure needs.
Research and Development Tax Credit Proposal Introduced
Highlights include increasing the Alternative Simplified Credit (ASC) from 14% to 20% and assisting new firms by allowing the credit to be equal to 10% (up from 6%) of the taxpayer's qualified research expenses for the year.
Colorado Impact Report
Throughout this report from Cornerstone Capital Group, you will hear from people who are actively working to deploy place-based impact capital that will provide more opportunities for low-income communities, small businesses, women-owned businesses, and more.
WA Film Tax Credit Set to Expire
The state tax incentive for film productions in Washington is set to expire at the end of the month, and its chances of being renewed are uncertain. Without it, the series "Z Nation," along with other television productions and movies that see an economic advantage of coming to the state are likely to seek a better deal elsewhere.
Early GASB 77 Disclosures: Incomplete, Mislabeled—and Occasionally Spectacular
The Government Accounting Standards Board establishes accounting rules used by state and local governments. In this article, Greg LeRoy of Good Jobs First discusses state and local disclosures under the Board's new accounting rule.
MI Governor Signs Transformative Brownfield Legislation
The bills would allow the developers of brownfield projects that meet certain investment thresholds to keep an added portion of the new tax revenue generated by the development and thus close the last existing financing gap for projects, according to supporters.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
Treasury Recommends Treating High-Grade Munis as HQLA
The Treasury Department is recommending that high-grade municipal securities be included as high quality liquid assets under federal banking rules, a stance that state and local groups as well as some legislators have taken since the rules were first passed.
Senate Bill Would Bar Use of Tax-Exempt Bonds for Professional Sports Stadiums
Sens. Cory Booker and James Lankford have introduced a bipartisan bill that would prohibit the use of tax-exempt bonds to finance professional sports stadiums. Their bill mirrors a House version introduced in March by Rep. Steve Russell, R-OK.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
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Upcoming Webcasts |
CDFA // BNY Mellon Webcast Series: Special Assessment Techniques for Transformative Community Improvements
July 18, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss new and innovative uses for special assessments and how this tool is poised for greater use nationwide.
USDA Rural Community Development Initiative + Grant Application Tips
July 14, 2017 - 1:00 PM Eastern
During this special webinar from CDFA, learn from expert speakers and previous awardees as we discuss the RCDI program, how to apply, and recommendations for successful applications.
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This Week's Headlines |
St. Louis IDA Advances $45M Tax Exempt Bonds for Ice Center
St. Louis Post Dispatch | Jun. 14 | Bond Finance
Governor Wolf's $10M Tourism Budget Would be Good for PA
PA DCED | Jun. 14 | Economic Development
OH Historic Preservation Tax Credits May Be Delayed
Vorys | Jun. 13 | Historic Preservation | Tax Credits
How Historic Tax Credits are Supporting KeyArena
Sonics Rising | Jun. 12 | Historic Preservation | Tax Credits
Exploring Venture Capital in KY
The Lane Report | Jun. 12 | Access to Capital | Innovation Finance
USDA Loans Expand Rural Broadband Infrastructure in CA, IL, IA, and TX
USDA | Jun. 12 | Infrastructure Finance | Rural Development | U.S. Dept. of Agriculture (USDA)
OH's Startup Activity Continues to Grow
Nibletz | Jun. 9 | Innovation Finance
The Future of the LIHTC Remains Uncertain
Lancaster Pollard | Jun. 8 | Tax Credits
MN Agriculture Finance Bills Signed into Law
Minnesota Farm Guide | Jun. 8 | Agriculture Finance
$350K in KY Tax Credits Supports Distillery Expansion
The Advocate-Messenger | Jun. 8 | Incentives | Tax Credits
Phoenix IDA Uses Bond Finance to Support Senior Housing
Phoenix Business Journal | Jun. 1 | Bond Finance
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Job & RFP Postings |
Hiring: Executive Director - CRA of Memphis & Shelby County
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National Sponsor Spotlight |
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Baker Tilly Virchow Krause
More than 2,700 professionals strong, Baker Tilly is a full-service accounting and advisory firm with specialized professionals who connect with you and your business through refreshing candor and clear industry insight. Their focus on industry and...
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Ballard Spahr LLP
Ballard Spahr is a national firm with more than 500 lawyers in 14 offices in the United States. They provide results-driven counsel and exceptional service in Litigation, Business and Finance, Real Estate, Intellectual Property, and Public Finance.
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BNY Mellon
BNY Mellon is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries.
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Partner Spotlight |
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informANALYTICS by Center for Governmental Research
The Center for Governmental Research (CGR) is a nonprofit organized under section 501(c)(3) of the Internal Revenue Code. CGR brings expertise to issues spanning economics and public finance, government management, health and human services and...
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CDFA Bookstore |
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Revolving Loan Fund Reference Guide
The Revolving Loan Fund Reference Guide offers an in-depth look at RLF program development, implementation and management. This guide demonstrates how a RLF program can compliment economic development strategies, encourage investment and assist traditionally underserved businesses.
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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