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CDFA New York/New Jersey Financing Roundtable Newsletter - December 2015

CDFA New York/New Jersey Financing Roundtable Newsletter - December 2015
December 23, 2015
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

Gov. Cuomo Announces $75M in Grants for Water Infrastructure Improvements
Governor Cuomo announced $75 million in grants to support 45 drinking water and wastewater infrastructure improvement projects throughout New York State. This funding will leverage more than $440 million in total project costs to improve New York's infrastructure.

Hudson Yard Developers Snag $5B in Financing
As reported by Construction Dive, a mixed-use development in New York City has finalized a $5 billion financing package, one of the largest capital raises for a real estate project in the U.S. since the 2008 downturn.

NJ Lawmakers Approve Tax Incentives for 'Innovation Zones'
New Jersey lawmakers want to give more tax credits through "innovation zones" to businesses that agree to move to areas around the state's colleges and universities, as reported by Philly.com. Unlike other state tax credits, advisory boards would decide what types of industry to support in each zone.

Subaru Groundbreaking Offers Officials Chance to Celebrate Incentives
According to NJBIZ, Subaru broke ground on their new national headquarters in Camden, which received nearly $118 million in incentives from the Economic Development Authority.

$4.5M in Tax Credits for Secaucus Move
A New York company was awarded $4.5 million over 10 years in New Jersey state tax credits to move its headquarters from Queens to Secaucus, reports NJ.com.

Finger Lakes, Southern Tier, Central NY Win $500M in Development Funds
Three New York regions will each receive $500 million in state funds after winning an economic development competition put on by Governor Cuomo, according to SeattlePI.com. The money will help each region jumpstart long stagnant local economies.

Upcoming Events

Fundamentals of Economic Development Finance WebCourse
January 27-28, 2016 - Daily: 12-5pm (EST)
The Fundamentals Course is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

New York/New Jersey News

Visas Are Lure for China Casino Cash in Schenectady
Times Union | Dec. 21 | EB-5 Visa

Port Authority Moves Forward on $20B Rail Project
NorthJersey.com | Dec. 21 | Infrastructure Finance

Lawmakers Back $50M for Camden Health Sciences Project
Philly.com | Dec. 21 | Bond Finance

Veterans Health Programs Get $5M in State Grants
NJBIZ | Dec. 21 | State Finance Program

Bill to Restart Incentive Payments Angers Some NJ Businesses
NorthJersey.com | Dec. 21 | Economic Development | State Finance Program

Western NY Regional Economic Development Council Awarded $83.9 Million for 125 Projects
REDC | Dec. 21 | Access to Capital | State Finance Program

Technology Business Tax Certificate Transfer (NOL) Program Help Gold Group Enterprise
NJEDA | Dec. 21 | Tax Credits

EDA CEO Visits Habitat to Highlight State Financing Resources
NJEDA | Dec. 21 | Access to Capital | Community Development | U.S. Small Business Administration (SBA)

NY Transit Authority Prepares for Capital Program Fight With Albany
The Bond Buyer | Dec. 17 | Infrastructure Finance | State Finance Program

Lawmakers Agree on a Measure of Tax Extenders
U.S. Committee on Ways and Means | Dec. 17 | Bond Finance | Federal | Legislative | Tax Credits

MMA Capital and Sunstream Close on $11M Solar Finance Facility
PR Newswire | Dec. 11 | Economic Development | Energy Finance | Green Finance

NY Gov. Announces Green Bank as Leading Founder in Global Green Bank Network
Real Estate Rama | Dec. 11 | Economic Development | Energy Finance | Green Finance

November 2015 Tax Credits and Incentives Update
The National Law Review | Dec. 8 | Tax Credits

CDFA Webinar: Financing Green Energy on Brownfields
CDFA | Nov. 30 | Access to Capital | Brownfield Financing | Economic Development | Energy Finance | Public-Private Partnership (P3) Financing | Rural Development | Tax Increment Finance (TIF)

Gov. Cuomo to Mandate Half of State's Energy from Renewables by 2030
The New York Times | Nov. 25 | Energy Finance | Green Finance

Olean, NY Receives Final Report on Brownfield Study
Olean Times Herald | Nov. 25 | Brownfield Financing

Now Available! CDFA Tax Increment Finance Best Practices Reference Guide 2nd Edition
CDFA | Dec. 1 | CDFA Original Research | Tax Increment Finance (TIF)


Sponsors

Venue Sponsor

New Jersey Economic Development Authority

Annual Roundtable Sponsor

Hawkins Delafield & Wood LLP Squire Patton Boggs United Fund Advisors

Conference Premium Sponsor

HR&A Advisors New Jersey Redevelopment Authority Windels Marx Lane & Mittendorf, LLP

Conference Supporting Sponsor

TD Bank ThinkForward Financial, LLC

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


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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
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
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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