CDFA Missouri Financing Roundtable Newsletter - December 2014

CDFA Missouri Financing Roundtable Newsletter - December 2014
December 10, 2014



Feature
CDFA Announces Winner of 2014 Lifetime Achievement Award The recipient of the 2014 CDFA Lifetime Achievement Award is Rick Palank, Senior Vice President of Business Finance, St. Louis Economic Development Partnership. As Senior V.P. of Business Finance, Rick Palank is an original employee of St. Louis Economic Development Partnership, working for the organization for more than 30 years. He oversees the staff of the Business Finance Division, which offers financing products and programs designed to meet the funding needs for growing small businesses. Rick Palank serves on the Board of Directors for the Council of Development Finance Agencies and previously served as Chairman from 2008-2009. St. Louis Funding Expanded for Ferguson Affected Businesses Leaders of the St. Louis Development Corporation and Mayor Francis G. Slay met with members of the South Grand Business Association to discuss how to help small business owners affected by protests. A total of $1M in initial funding has been raised through public and private contributions. $545M in Tax Credits Being Used to Revive Kansas City The Kansas City Star released a report that displays downtown projects totaling more than $1.7B. There have been more than $545M in state and federal historic tax credts in preservation projects that are either underway or in the works. Solar Energy Company, Sungevity, Expands to Missouri Sungevity, a global solar energy company, could bring almost 600 new jobs to Missouri by opening a new office in Kansas City. Department of Economic Development spokeswoman, Amy Susan, says the company could receive more than $11.8M in incentives from the state. Buchanan Co., MO Industrial Development Authority OKs Bonds The Buchanan Co. Industrial Development Authority approved up to $29 million in bonds to refinance a shopping center. According to St. Joseph News-Press, the funds from a community improvement district and TIF district will be used to pay off the debt.
Upcoming Events
Save the Date! 2015 CDFA Missouri Conference April 15, 2015 Join CDFA and MEDFA for the first-ever Missouri Financing Roundtable on April 15, 2015 as we focus on "Unlocking Development Finance in the Show Me State." This one-day event will feature a number of economic development finance experts from around the state discussing new development finance tools, authorities, resources and approaches, and how these methods can affect the Missouri economy going forward.
CDFA Spotlight
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Missouri News
Developers Ask Shawnee, MO for $12M in Incentives Kansas City Business Journal \| Dec. 8 \| Bond Finance \| Local Finance Program \| Tax Increment Finance (TIF) SIFMA Seeks Legis. "Fix" to MA Rule, Easing Burdens on Underwriters The Bond Buyer \| Dec. 8 \| Bond Finance \| Legislative \| U.S. Securities and Exchange Commission (SEC) \| Federal CDFA Intro Tax Increment Finance WebCourse CDFA \| Dec. 4 \| Tax Increment Finance (TIF) $9.7M in Tribal Broadband and Infrastructure Support from USDA Indian Country Media Network \| Dec. 4 \| U.S. Dept. of Agriculture (USDA) SIFMA Survey: Total Muni Issuance to Edge up 2.7% to $357.5B The Bond Buyer \| Dec. 4 \| Bond Finance \| Local Finance Program \| State Finance Program World Bank Releases CDFA-Produced Brownfields Finance Report CDFA \| Dec. 4 \| Brownfield Financing \| CDFA Original Research \| Community Development \| Member News \| International GASB Disclosure Guidelines for State and Local Tax Abatements Smart Incentives \| Dec. 3 \| Local Finance Program \| State Finance Program \| Tax Credits \| Federal \| Tax Abatements CDFA Joins ACTION in Letter to Congress Supporting Housing Tax Credits ACTION \| Dec. 2 \| Legislative \| Tax Credits Small Business Administration Extends Disaster Loan Applications Farmington Voice \| Dec. 1 \| Access to Capital \| Disaster Recovery & Relief \| U.S. Small Business Administration (SBA) Direct Loans Are Replacing Muni Bonds GOVERNING \| Nov. 26 \| Bond Finance MSRB Proposes Professional Qualifications for Muni Advisors MSRB \| Nov. 25 \| Bond Finance \| Federal \| Municipal Securities Rulemaking Board (MSRB) CDFA & UK-Based IED Launches New Transatlantic Exchange CDFA \| Nov. 20 \| CDFA Original Research \| Member News \| International >>> SEARCH HEADLINES
New Members
Lewis, Rice & Fingersh, L.C. - Kansas City, MO
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.