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CDFA Michigan Financing Roundtable Newsletter - December 2015

CDFA Michigan Financing Roundtable Newsletter - December 2015
December 9, 2015
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CDFA Michigan Financing Roundtable Newsletter

Feature

MEDC Grant Helps Lansing Group Take on Underserved Areas
Supported by a grant from the MEDC, the Lansing Economic Area Partnership is launching a new initiative that aims to empower community and business stakeholders in the southwest area of the City of Lansing.

Unleash Michigan Energy Pushes for Bid System for New Generation
MLive reports that a new nonprofit, Unleash Michigan Energy, along with several business are pushing for the state to put new energy generation capacity contracts out to competetive bid rather than rely on incumbent energy companies.

Data Center Tax Breaks Highlight Rift in MI Economic Strategy
According to Crain's Detroit Business, the recent approval of tax breaks for incoming and existing data centers throughout Michigan would result in a loss of close to $22M in lost tax revenue, dividing law makers and interest groups on the costs and benefits of such legislation.

Orion Township, MI Pace Program Report
Lean & Green Michigan's PACE Program Report for Orion Township in Michigan covers the task a municipality's needs to establish PACE financing. The report provides steps and a sample PACE agreement.

Tax Credit Programs Provide Incentive for Preserving
The David Whitney building is an example of achievement in historic preservation. Having historic tax credits can have a major influence on a lender when a project is seeking financing.

CDFA Retains Lobbyist Eric Silva with New Firm
CDFA is pleased to announce the selection of North South Government Strategies (NSGS) as the Council's legislative representation on Capitol Hill. Eric Silva, Founding Partner with NSGS, will continue his work as CDFA's legislative representative.

Obama Signs Five Year, $305B Highway Bill
The Bond Buyer Reports that President Obama signed a five-year $305B transportation funding bill, allocating $225B for mass transit and highway improvements through fiscal 2020.

Upcoming Events

Fundamentals of Economic Development Finance WebCourse
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.

Michigan News

MEDC Announces Crowdfunding Campaign for Collaborative Business Space in Flint
Michigan Economic Development Corporation | Dec. 9 | Community Development | Crowdfunding | Economic Development

MEDC Awards $250K Grant to Bolster MI Unmanned Aerial Industry
Michigan Economic Development Council | Dec. 9 | Community Development | Economic Development

Michigan Strategic Fund Investments Expected to Generate $120.6M
Michigan Economic Development Corporation | Dec. 9 | Community Development | Economic Development | State Finance Program

Motor City Match Opens Applications for $500K in Grants, Loans
Crain's Detroit Business | Dec. 9 | Community Development | Economic Development | Urban Development

Redevelopment of Old Tiger Stadium Site Moves Forward
MLive | Dec. 9 | Economic Development | Redevelopment | Urban Development

$210M in Fed Funds Coming to Downtown Detroit
Daily Detroit | Dec. 9 | Community Development | Economic Development | Federal | Redevelopment | Urban Development

MI Wheat Industry Secures $76 SGI Award from MDARD
Farmers' Advance | Dec. 9 | Food Systems Finance | State Finance Program

MI, Fiat Chrysler Reach Deal on Tax Credits
The Salt Lake Tribune | Dec. 9 | Economic Development | State Finance Program | Tax Credits

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

Hazel Park Receives $2M Clean Up Loan for Landfill Remediation
MLive | Dec. 7 | Brownfield Financing | Economic Development

Economic Disaster Loans up to $2M Available to MI Businesses
Crain's Detroit Business | Dec. 7 | Disaster Recovery & Relief | Economic Development | Federal | U.S. Small Business Administration (SBA)

Net-Zero Community Bath House Proposed for Downtown Ann Arbor
MLive | Dec. 7 | Community Development | Economic Development | Green Finance | Local Finance Program

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

US Announces Participation in International Renewable P3 Program
The White House | Dec. 1 | Energy Finance | Federal | International | Public-Private Partnership (P3) Financing

Enroll Now! CDFA Online Brownfields Project Marketplace
CDFA | Nov. 30 | Bond Finance | Brownfield Financing | Rural Development | U.S. Environmental Protection Agency (EPA)

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)

FCA to Invest $1B in MI
Automotive News | Nov. 25 | Tax Credits

3 Things GASB New Tax Incentive Disclosures Rule Won't Reveal
GOVERNING | Nov. 25 | Economic Development | Local Finance Program | State Finance Program | Tax Credits

Senators Revive Financing Tactic from '70s for Carbon Emissions
The New York Times | Nov. 24 | Bond Finance | Energy Finance | Green Finance | Legislative

HUD Offers Next Round of Planning Grants to Help Transform Communities
hud.gov | Nov. 23 | Access to Capital | Brownfield Financing | Redevelopment | Rural Development | U.S. Dept. of Housing & Urban Affairs (HUD)

States Finding Own Roads to Highway Funding
The Bond Buyer | Nov. 20 | Federal | Infrastructure Finance | State Finance Program


Sponsors

Annual Roundtable Sponsor

Detroit Economic Growth Corporation

For information about sponsoring the CDFA Michigan 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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