In this installment of the SSBCI Learning Series, speakers will discuss different considerations for designing small business financial products tailored to meet the needs of SEDI-owned businesses and outreach strategies to ensure those products are accessible, the linkage between SEDI-owned businesses and emerging fund managers, and how to deploy capital to SEDI-owned businesses and secure the information needed for reporting and compliance.

EagleBank, one of the largest community banks in the Washington, D.C. area, today announced it has successfully executed bond issuance and a loan closing on $10.2 million via Series 2023 Tax-Exempt District of Columbia Industrial Revenue Bonds to support the fee simple acquisition and upcoming construction project renovations for Sela Public Charter School.

Federal grant and tax credit dollars have significantly reduced the costs for farmers to install solar projects and power their businesses. The USDA's Rural Energy for America Program can cut installation costs up to 50 percent and the Inflation Reduction Act's Investment Tax Credit gives businesses up to a 30 percent credit for eligible projects.

Clean energy projects will become more affordable for local businesses after the Sangamon County Board recently passed a financing incentive, which will allow businesses to pay off clean energy projects over decades through special assessments tied to the land. With this C-PACE financing, projects like installing solar panels or charging stations for electric cars have made the price tag more manageable for businesses.

The U.S. Department of Transportation announced that its Build America Bureau has provided a $501 million low-interest Transportation Infrastructure Finance and Innovation Act loan to the Colorado Transportation Investment Office on behalf of the Colorado Department of Transportation to improve a 61-mile corridor of I-25, including adding 52 miles of express toll lanes between Denver and Fort Collins, Colorado.

Preston Hollow Community Capital announced the successful closing of a $15 million tax-exempt bond financing related to the development of a new 53-acre commercial Town Center at the mixed-use community in Palm Beach Gardens, Florida known as Avenir. At build-out, the 4,752-acre development will comprise approximately 3,900 residential units and 2.4 million square feet of commercial space.

Construction crews have taken over Darwin Elementary, bringing upgrades to the Logan Square school. The City Council signed off on the massive renovation by allocating $10 million in tax-increment finance (TIF) to the neighborhood restoration project, clearing the way for construction.

The Department of the Interior announced up to $195 million in funding opportunities available to develop a more resilient water supply, support cooperative watershed management and safeguard aquatic ecosystems. The funds come primarily from the Bipartisan Infrastructure Law's WaterSMART program, as well as from the Inflation Reduction Act and annual appropriations.

>>> SEARCH HEADLINES