The first project on file for Bethlehem's new City Revitalization and Improvement Zone will go before the Planning Commission on Thursday seeking a variance for three multi-story buildings with space for offices, retail and apartments.

The Pennsylvania Department of Revenue reported that the Allentown arena-financing zone swept up $48.2M in 2013 from state taxes generated by business activity within Allentown's NIZ District, a 56% increase over last year's state tax haul.

Since renewable energy tax credits began trading in Pennsylvania in 2008, prices spiked before retreating into a long decline. Then last fall, solar credits started gaining in value, more than tripling within a few months' time.

The Erie County Convention Center Authority is seeking a $3M bank loan, known as bridge financing, to help finance its plans for a new hotel with a parking garage connected to the Bayfront Convention Center.

Continuing to advance his JOBS1stPA initiative, Governor Tom Corbett announced that he has directed the Department of Community and Economic Development to reduce the interest rates of three business loan programs.

The Hotel Lancaster took a small but significant step with an evaluation before Lancaster city's new City Revitalization Improvement Zone board. The CRIZ board has shown a willingness to include the project under the new program.

June 12, 2014 - Pittsburgh, Pennsylvania
Join the CDFA Pennsylvania Financing Roundtable for a one-day conference focused on "Catalyzing New Opportunities and Innovation in Development Finance." This 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 Pennsylvania economy going forward.

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PennDOT is reaching out to the private sector to submit statements of qualification for the Rapid Bridge Replacement Project. The project is a public-private partnership (P3) that will reconstruct at least 500 structurally deficient bridges. This presentation covers the identification, screening and selection of bridges along with the transaction structure and procurement process.

Richard Schragger's essay begins by providing some background to the debate about business improvement districts (BIDs), and making some tentative efforts to describe the connections between BIDs and the urban resurgence in places like Philadelphia, arguing that those connections are not particularly robust.

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