Development Finance Review Weekly - January 9, 2025
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Features |
Fundamentals of Economic Development Finance WebCourse Returns January 29-30!
Join Instructor Toby Rittner for a two-day dive into the development finance tools available to your community in the Fundamentals of Economic Development Finance WebCourse. Explore key tools like bonds, tax credits, Tax Increment Financing (TIF), revolving loan funds, federal financing programs, and access to capital lending resources. Based on CDFA's Practitioner's Guide, this course qualifies for the DFCP Program. Register today!
U.S. Companies Rush to Bond Market in Fundraising Flurry
U.S. companies rushed to the corporate bond markets as a seasonal fund-raising spree over the first few days of a new year gained extra momentum to get ahead of any further rise in Treasury yield. Some 22 companies were offering new bonds in the U.S. investment-grade bond market on Monday, taking the tally of new borrowers to 34 in the first few days of 2025. Syndicate bankers expect to see companies raising nearly $65 billion this week, and perhaps as much as $200 billion this month, in a bond issuance spree showing no sign of slowing after a prolific 2024. Companies were also issuing bonds to take advantage of credit spreads, or the premium they pay over Treasuries, which are still only a few basis points above their record-tightest levels.
CDFA Kicks Off 2025 CDFA // BNY Development Finance Webcast Series!
Join us on Tuesday, January 21, for the first session of the 2025 CDFA // BNY Development Finance Webcast Series for an in-depth discussion on the 2025 bond market. Discover the latest trends shaping national bond markets and learn how they create economic opportunities for local projects with insights from our expert panelists. This free 12-part webinar series, presented by CDFA in partnership with BNY, features monthly, 1-hour sessions focused on bond finance. Gain valuable knowledge about the bond market, innovative investment strategies, and how bonds can drive impactful economic development. Register today!
FloridaCommerce Announces an Additional $167M For Small Business through SSBCI 2.0
FloridaCommerce has announced an additional $167 million is available for Florida small businesses through the State Small Business Credit Initiative 2.0 (SSBCI). Since January 2023, Florida has provided more than $202 million in loans and venture capital investments to 149 small businesses, stimulating more than $769 million in private capital that has created or retained nearly 4,967 jobs for Floridians.
DOE Announces Groundbreaking Program to Foster Collaboration in the Energy Transition
The U.S. Department of Energy (DOE) announced the selection of nine organizations to participate in the groundbreaking Regional Energy Democracy Initiative (REDI) Consortium in Texas and Louisiana. This inaugural consortium will establish a framework for stakeholder and community collaboration while providing direct technical assistance and capacity building for the coordination, development, and delivery of community benefits associated with DOE-funded projects. REDI will facilitate collaboration between communities and projects to address the significant regional changes needed to improve the well-being of communities burdened by the energy system.
Innovative Startups Aiming to Strengthen New Jersey's Food Security Efforts
The New Jersey Commission on Science, Innovation and Technology (CSIT) awarded over $500,000 in funding to seven New Jersey startups under the Food and Agriculture Research & Development Pilot Seed Grant Program. The funding will support startup companies in the development of commercially viable technologies that combat food insecurity, helping to increase access to nutritious foods and alleviate food deserts.
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Upcoming Events |

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Upcoming Webcasts |
CDFA // BNY Development Finance Webcast Series: Bond Market 2025 Forecast
January 21, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA//BNY Development Finance Webcast Series, panelists will identify trends shaping national bond markets and explore the economic opportunities for local projects.
SSBCI Coalition Meeting - Virtual
January 24, 2025 - 1:00 PM - 2:00 PM Eastern
Each month, CDFA hosts SSBCI Coalition meetings where we provide updates, insights, and opportunities for networking and problem-solving. These meetings allow you the chance to connect with peers and stay informed on the latest developments. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings..
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Job & RFP Postings |
Maryland DHCD - Procurement Officer I
A Procurement Officer I is the full performance level of professional work, for State agency positions, in the procurement of equipment, services, construction, supplies, information technology and other needs which are obtained through the competitive process, negotiated procurement process, and procurement methods. Employees in this classification receive general supervision and provide agency procurement technical interpretation, instruction, guidance, and assistance in accordance with State laws and regulations.
Maryland DHCD - HCD Community Program Administrator I - Project Manager
The Project Manager position administers grants, loans, and/or other services provided to local governments and nonprofit organizations located in designated areas. The incumbent ensures compliance with federal, State, and Departmental standards and regulatory and statutory requirements. This position may also provide technical assistance, review applications for awards, approve disbursement and tax credit certification requests against project terms and funding guidelines, and assist with the preparation of grant and loan documents. The incumbent will develop policies and manage statewide grant programs and initiatives. The incumbent also develops materials and written reports.
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This Week's Headlines |
Kentucky Approves More Than $7.8M for Projects
Morning AgClips | Dec. 30 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program
Minnesota, USDA Award $9.5M to Strengthen Food Supply Chain Infrastructure
Minnesota Department of Agriculture | Jan. 6 | Access to Capital | Federal | Food Systems Finance | State Finance Program | U.S. Dept. of Agriculture (USDA)
NextDecade Announces $175 Million Senior Secured Loan
General Atlantic | Jan. 6 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs)
Wisconsin, USDA Award $23.2M to Strengthen Food Supply Chain Infrastructure
Morning AgClips | Jan. 6 | Access to Capital | Federal | Food Systems Finance | State Finance Program | U.S. Dept. of Agriculture (USDA)
Minnesota Beginning Farmer Tax Credit Available for 2025
Red River Farm Network | Jan. 3 | Access to Capital | Agriculture Finance | Tax Credits
Nebraska DOT Cleared to Issue First Highway Bond
AASHTO | Jan. 3 | Bond Finance | Community Development | Economic Development | Infrastructure Finance | U.S. Dept. of Transportation (DOT)
U.S. Equity Inflows Cool on Higher Bond Yields
Rueters | Jan. 3 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
California Receives $203.5M to Support Small Business Loans Through CalCAP Program
The River Bank News | Jan. 1 | Access to Capital | Green Finance | State Small Business Credit Initiative (SSBCI)
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National Sponsor Spotlight |
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Bricker Graydon LLP
Bricker Graydon LLP assists public and private sector entities throughout the Midwest with the implementation of development finance projects utilizing tax incentives and bond finance structures, including TIF, CPACE, and other leverage tools.
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Business Oregon
Business Oregon works to create, retain, expand, and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding, and support of economic opportunities for Oregon companies and...
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CDFA Bookstore |
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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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