Development Finance Review Weekly - February 16, 2017
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Feature |
Caucus Asks to Work With Trump on Infrastructure, Tax Reform Legislation
Bipartisan caucus of lawmakers wants to meet with President Trump on developing consensus tax reform, infrastructure legislation.
Does a Management Contract Equal Private Business Use?
The IRS revised guidelines for management contracts with private contractors in January to address questions municipalities have been asking regarding the 10% "private business use" since the original guidelines were issued in August 2016. The new guidelines are more detailed.
Incentives and Equitable Economic Development
There are literally thousands of state and local incentive programs, many of which are – at least on paper – intended to help people in need or places that have been left behind. Here are several ways in which incentives are designed to achieve the goals of inclusive and equitable economic development.
NJ EDA Programs to Enhance Commercial Corridors in Growth Zones
The Board of the New Jersey Economic Development Authority (EDA) acted today to expand support of small business growth in Garden State Growth Zones (GSGZs) through the creation of the Business Lease Incentive (BLI) and Business Improvement Incentive (BII) programs.
Timing of Annual Financial Disclosures
The MSRB's report finds that the majority of issuers had a commitment date of 180 days or 270 days from the end of the issuer's fiscal year. Over the last several years, the number of commitments of 180 days has generally decreased while there has been an upward trend in commitments of 270 days.
Exploring How US Cities Have Successfully Assisted Entrepreneurs
A new report suggests new business formation has hit historic lows. Here's how four cities are trying to help new owners open doors.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
TIF Jurisdiction, Future Projects Among County Officials' Annexation Concerns
Officials say existing Monroe County, Ind., tax increment financing districts will remain under the jurisdiction of the Monroe County Redevelopment Commission even if the city annexes areas within them.
Support for Munis Seen on Capitol Hill; Tax Reform May Be Next Year
Two corporate executives and lobbyists told treasurers meeting here on Monday that they are hearing positive things about municipal bonds from legislative staffers, but a senior tax staffer from the Senate Finance Committee said tax reform may slip into 2018.
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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CDFA Spotlight |
CDFA Online Brownfields Project Marketplace
February 23, 2017 - 12:00 - 5:00 PM Eastern
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on February 23, to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.
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Upcoming Webcasts |
CDFA // BNY Mellon Webcast Series: Opportunities and Advancements in Water Finance
February 21, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, learn from expert speakers as they discuss developments in the water finance space and how different financing mechanisms like bonds, RLFs, P3s, and other tools are being used to address today's water infrastructure projects.
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This Week's Headlines |
$1.4M Provided to Nine PA Revitalization Projects
PA DCED | Feb. 16 | Community Development | Infrastructure Finance
Greystone EB-5 Expands RC Reach
EIN News | Feb. 16 | EB-5 Visa | U.S. Citizenship and Immigration Services (USCIS)
VA Extends Motion Picture Production Tax Credit
The Hampton Roads Business Journal | Feb. 16 | Tax Credits
NJ Lawmakers Clash on Sanctuary City Bill
The Bond Buyer | Feb. 16 | Legislative | State Finance Program
$20M of LIHTC's Support Strong Families Fund Developments
Housing Finance | Feb. 15 | Community Development | Tax Credits
Apartments Planned for Old Hattiesburg, MS High School
Hattiesburg American | Feb. 15 | Historic Preservation | Tax Credits
Bank of America Invested $4B in Community Development in 2016
Housing Finance | Feb. 15 | Community Development | Tax Credits
Surge of EDA Approvals for NJ's Angel Investor Tax Credit Program
New Jersey Economic Development Authority | Feb. 15 | Tax Credits | State Finance Program
Clayton Businesses Could Benefit From County Tax Credits
Clayton News-Daily | Feb. 14 | Local Finance Program | Tax Credits
Angel Fund Tax Credit Changes Approved by ND House
Prairie Business Magazine | Feb. 14 | Access to Capital | Innovation Finance | Tax Credits
IRS Halts Rules, But Lawyers Hope for Some Muni Infrastructure Guidance
The Bond Buyer | Feb. 14 | Bond Finance | Federal | Internal Revenue Service (IRS)
Munis Could be Caught Up in Revised CHOICE Act's Mandated SEC Reviews
The Bond Buyer | Feb. 14 | Bond Finance | Federal | Legislative
The Timeline of Tax Reform And the Danger For Munis
The Bond Buyer | Feb. 14 | Bond Finance | Federal | Legislative
Audit Shows MN's R&D Tax Credit Does Not Pay For Itself
Star Tribune | Feb. 14 | Incentives | Tax Credits
Innovate MN Campaign Launched to Support Technology
MN DEED | Feb. 14 | Access to Capital | Innovation Finance
A Winning Strategy to Realize Maximum Incentive Benefits
Area Development | Feb. 13 | Incentives
Bills Introduced to Extend WA Film Incentives
Seattlepi | Feb. 13 | Incentives | Tax Credits
CALinnovates Study Shows Benefits of Broadband Policy and Investments
PR Newswire | Feb. 13 | Infrastructure Finance
P3 May Support Regional High Speed Rail in WA
Lens | Feb. 10 | Public-Private Partnership (P3) Financing
TX' Biggest Tax Incentive Set to Double by 2022
Houston Chronicle | Feb. 10 | Incentives | Economic Development
OKC's Council Green Lights TIF for Wheeler District
The Oklahoman | Feb. 10 | Tax Increment Finance (TIF) | Infrastructure Finance | Economic Development
Lawmakers Look to Get Rid of Tax Incentives for Sports Teams in FL
WJGH | Feb. 10 | Legislative | Incentives
Iroquois County, IL Moves to Restart RLF Program
Iroquois County's Times-Republic | Feb. 9 | Revolving Loan Funds (RLFs)
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National Sponsor Spotlight |
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Alaska Industrial Development and Export Authority
AIDEA is a public corporation of the State of Alaska, created in 1967 by the Alaska Legislature "in the interests of promoting the health, security, and general welfare of all the people of the state, and a public purpose, to increase job...
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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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Wilmington Trust
Wilmington Trust Corporation provides financial, wealth advisory, corporate, and institutional client services. The company's wealth advisory services include personal trust administration, financial planning, fiduciary, private banking, and family...
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Partner Spotlight |
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CDFA Bookstore |
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Tax Increment Finance Best Practices Reference Guide 2nd Edition
The Tax Increment Finance Best Practices Reference Guide 2nd Edition addresses what TIF is, why it should be used and how best to apply the TIF tool. This guide highlights both TIF and special assessment projects across the country and how they can be applied to address common economic development issues.
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New Members |
Cocke County Partnership - Newport, TN
New Bremen CIC - New Bremen, OH
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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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