Join CDFA for an exclusive online workshop that will dive deep into the Greenhouse Gas Reduction Fund (GGRF) and its pivotal components, including the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). The GGRF Readiness Workshop will equip you with the knowledge and tools needed to navigate and leverage these significant funding opportunities effectively. Don't miss out on the chance to enhance your funding strategy and boost your project's success!

Charleston City Council took a definitive step toward the redevelopment of the Sumar Street site in West Ashley. Following a presentation for Mayor William Cogswell, city council voted on a first reading to approve a $300 million investment in the triangular parcel of land formerly home to a Piggly Wiggly. Of the projected $300 million price tag, the city is planning to invest $44 million into redevelopment. City officials said the goal is to create a community hub for West Ashley. To garner funding, the city is looking to utilize income from Tax Increment Financing. In total, the city is investing $47 million into the parcel of land if its $3.29 million purchase in 2017 is included in the financing outlook.

Join us for the next installment of the CDFA Food Systems Finance Webinar Series: Driving Food Systems Investment with Tax Credits. This webinar will explore how federal and state tax credits can incentivize investment in food-related projects and businesses. Learn how these financial tools can attract resources, support innovative food system initiatives, and drive investment into historically underserved communities. Don't miss this opportunity to gain practical insights from industry experts and enhance your strategies for leveraging tax credits in food systems finance. Register today!

The Economic Development Administration (EDA) announced a $50 million funding initiative designed to support technology entrepreneurs and scale-up innovative businesses. This program aims to bolster the growth of tech companies by providing financial resources and strategic support to help them expand their operations, enhance their technological capabilities, and drive economic development. By investing in promising startups and tech ventures, the EDA hopes to foster innovation, create high-quality jobs, and strengthen regional economies.

States and local governments are poised to sell debt at the fastest clip in four years as borrowers aim to get ahead of potential volatility from the U.S. presidential election in November. Municipal bond issuers like cities and school districts have already teed up $21 billion of debt sales over the next 30 days, the highest visible supply since October 2020, according to data compiled by Bloomberg. That index represents a fraction of what actually comes to market, given that deals are often announced with less than one month's notice. The local governments join a surge in global debt sales with money managers eager to buy bonds before the Federal Reserve starts cutting rates.

The U.S. Department of Energy (DOE) has selected 12 local governments and tribes to receive over $31 million in funding through the Communities Sparking Investments in Transformative Energy (C-SITE) funding opportunity. Under DOE's new Local Government Energy Program, C-SITE supports the implementation of high-impact clean energy projects in disadvantaged communities, energy communities, and small- and medium-sized jurisdictions.

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