Cities looking to attract, retain or expand jobs in their community should consider the Governor's Office of Business and Economic Development (GO-Biz) California Competes Tax Credit Program as part of their strategy. Applications are evaluated based on total jobs created, total investment, average wage, economic impact, strategic importance and more.

San Francisco will receive $11 million from the federal government for projects to encourage carpools, time traffic signals for transit and pedestrian safety, and test driverless passenger shuttles at Treasure Island. The grants come from a fund that is usually distributed to cities and states to manage highway congestion.

California has passed legislation requiring consumer disclosures and standards for all PACE administrators within the state that are consistent with PACE Funding's existing standards. The bill tightens financing standards for PACE financing for residential properties while preserving the essential benefits for consumers seeking energy and water efficient homes.

State and local governments nationwide are actively harnessing the power of technology to simplify and streamline the path for entrepreneurs to start a business. Recognizing that small businesses are critical to economic infrastructure and community vitality, local governments are searching for ways to attract and retain innovators and investors.

Pacific Ethanol Inc. will be using PACE funding to install a $10 million solar project at its ethanol plant in Madera. This is the largest amount of funding ever granted for a commercial project under a PACE program.

The CaliforniaFirst PACE program is one of 12 PACE programs active in California and is available for both residential and commercial real property.  CaliforniaFIRST is currently available in more than 40 California counties, with over 330 participating local governments.

The California Taxpayers Association released a lengthy report on 228 local tax measures and another 193 local bond measures, totaling $32 billion, that would require property tax increases to service. Tax or bond measures will be on the ballot in 50 of the state's 58 counties.

Investors have yet to reward green bonds with better pricing, but there is growing demand for the niche. While investors aren't yet willing to pay more to purchase green bonds, there is demand for the bonds from large institutional investors who seek out green bonds over traditional bonds.

Holliday Fenoglio Fowler, L.P. (HFF) announced that it has arranged a total of $210 million in first lien financing for Westwood Financial Corp comprising 10 multi-tenant retail centers totaling 973,985 square feet in Arizona, California, Kansas, North Carolina and Texas markets.

Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

Join the CDFA California Financing Roundtable for the fourth annual conference on November 15, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the California economy going forward.

The conference will take place at Los Angeles City Hall, California and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA California Financing Roundtable Conference.

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