Empire State Development's Capital Access Program, which received funding from the U.S. Treasury's State Small Business Credit Initiative, has supported more than $5 million in lending to businesses affected by Superstorm Sandy.

A group of environmental advocates is suing the state for its attempt to tap a clean water fund for the Tappan Zee Bridge project. Environmental groups are arguing that the clean water fund is intended for sewage treatment projects, not bridge construction activities.

NJ EDA has awarded $5 million to Jersey City for the development of a municipal park as part of a brownfields to greenfields initiative. According to the Jersey Journal, the city is also utilizing $1.3 million of Green Acres funding to acquire other parcels of land for the park.

The New Jersey Economic Development Authority approved $13.77 million in tax credits over 10-years to Allied Foods. According to The Daily Journal, the company will nearly double in size by adding 127 new employees to the existing 70.

A $1.8B bond sale for 3 World Trade Center tower has been approved, according to Bloomberg. The development will also be financed by $55M of equity from developer Larry Silverstein, $210M from the Port Authority and contributions from the state and city.

December 9-10, WebCourse
The Intro Tax Increment Finance WebCourse offers an in-depth look at the guiding principles and appropriate application of TIF. This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community.

CDFA is excited to announce a two-year partnership with the U.S. Department of Agriculture (USDA) Rural Development. This initiative will first focus on an increase in development finance education and resources for USDA's internal staff of 3,800+ field representatives. The initiative will also promote USDA funding and financing best practices for rural communities.

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