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CDFA Pennsylvania Financing Roundtable Newsletter - August 2013

CDFA Pennsylvania Financing Roundtable Newsletter - August 2013
August 28, 2013
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

TIF, Public Tools Helping Reshape Pittsburgh's Skyline
TIF is helping reshape Pittsburgh's skyline as construction begins on a $100 million development Downtown. City economic development leaders said Downtown's rebirth would not have been possible without public help and investment firms.

State, Local Assistance Helps Attract Manufacturer, Jobs To PA
With assists from the state and county, a New Jersey defense contractor will move its Phillipsburg operation to the Bethlehem Commerce Center, bringing 95 high-paying engineering and manufacturing jobs across the Delaware River to the Lehigh Valley.

Community Fund Awards NMTCs For Major Neighborhood Projects
Community First Fund Board members approved a $3.3M allocation for New Market Tax Credits to construct a bilingual vocational training center. A second allocation was also approved for a charter school in York. "Community First Fund is looking for projects that will have a significant impact on communities," said board member Gerald Meck.

Best Practices: Accessing Capital for Local Microfinance Efforts
Jean DeBellis with Portfol and PIDC provides an overview of Philadelphia's economic development corporation, PIDC resources, partnerships, financial tools, CDFIs, and their Portfol software designed for economic development.

Energy Efficiency & Renewable Energy Financing Best Practices
Anita Molino with Bostonia Partners discusses Energy Efficiency (EE) & Renewable Energy (RE) financing best practices including energy financing basics, issues with aggregation, markets, cost of capital, public-private partnerships, and case studies.

Upcoming Events

2013 CDFA Pennsylvania Financing Roundtable Conference
Wednesday, October 30, 2013 - Harrisburg, Pennsylvania
Join the CDFA Pennsylvania Financing Roundtable this October 30, for our annual conference focused on "Financing Industry, Infrastructure & Redevelopment through Creative Approaches". This one-day conference will feature a number of economic development finance experts and leaders from around the state discussing new development finance tools, resources, authorities, and approaches and how these methods can move Pennsylvania's economy forward. Topics to be discussed include energy, infrastructure, redevelopment, loan funds, innovation capital, federal funding and much more.

Pennsylvania News

Road Repairs, Projects Go Undone Due to Prevailing Wage Law
North Central PA | Aug. 26 | Bond Finance | Infrastructure Finance | State Finance Program

Wilkinsburg Getting $3M For Renewal Plan
Pittsburgh Post-Gazette | Aug. 26 | Infrastructure Finance | Local Finance Program | State Finance Program

Collier Awarded $75K Grant for New Rec Center
Chartiers Valley Patch | Aug. 23 | Access to Capital | Community Development | Local Finance Program

Council Approves 2013 CDBG Program, Streetlight Project
Titusville Herald | Aug. 22 | Access to Capital | Infrastructure Finance | Local Finance Program

$1.5M Low-Interest Loan Allows Manufacturer To Expand, Create Jobs
LeHigh Valley Business | Aug. 22 | Access to Capital | State Finance Program

Manufacturer Gets PIDA Loan for Expansion
Reading Eagle | Aug. 21 | Access to Capital | State Finance Program

County Receiving CDBG Funds For Flooding
The Daily Review | Aug. 19 | Access to Capital | Economic Development | State Finance Program | U.S. Dept. of Housing & Urban Affairs (HUD) | Federal

School Receives NMTC Funding Boost For Expansion
York Daily Record | Aug. 19 | Community Development | Tax Credits | U.S. Dept. of Treasury CDFI Fund | Federal

PIDA Approves 15-Year $700K Biz Loan For Manufacturer
WKBN 27 | Aug. 19 | Access to Capital | Economic Development | Member News | State Finance Program

Altoon-Blair CDC Creates New Enterprise Zone
Altoona Mirror | Aug. 19 | Access to Capital | Local Finance Program | Member News | State Finance Program | Tax Credits

County Approves Opportunity Zone To Spur Redevelopment
Lehigh-Valley Business | Aug. 19 | Local Finance Program | State Finance Program | Tax Credits

Township TIF Begins First Phase Of Water Park Project
Pocono Record | Aug. 16 | Bond Finance | Infrastructure Finance | Local Finance Program | Tax Increment Finance (TIF)

CDBG Funding To Be Used For Water Lines
WMBS | Aug. 16 | Access to Capital | Community Development | Infrastructure Finance | Local Finance Program

PIDA Approves $2.9M In Low-Interest Loans, Support 50 New Jobs
The Daily Review | Aug. 15 | Access to Capital | Member News | State Finance Program

MSRB: New Guidance & Resources On State & Local Disclosure
MSRB | Aug. 13 | Bond Finance | Local Finance Program | State Finance Program | Federal | Municipal Securities Rulemaking Board (MSRB)

Georgia PrintCo Invests More Than $2M In Luzerne County, PA
Area Development Online | Aug. 9 | Access to Capital | Economic Development | State Finance Program | Tax Credits

Is Scranton The Next Detroit?
The Times-Tribune | Aug. 9 | Local Finance Program

2013 Business Facilities Rankings Report – State Rankings
Business Facilities | Aug. 8 | Economic Development | Local Finance Program | State Finance Program

PA's Ben Franklin Technology Partners Invests $324,500
Market Watch | Aug. 8 | Access to Capital | Economic Development | Innovation Finance | State Finance Program

Keystone Opportunity Zone Eyed For Titus Power Plant Site
Reading Eagle | Aug. 6 | Economic Development | Local Finance Program | State Finance Program | Tax Abatements

LaunchPGH Website Helps Connect Startups To Funding
Pittsburgh Post-Gazette | Aug. 5 | Access to Capital | Economic Development | Local Finance Program | Member News

States Reps Lobby For Transportation Funding In SE Pennsylvania
Times Herald | Aug. 1 | Infrastructure Finance | Legislative | State Finance Program


New Additions to the Online Resource Database

Tax Increment Financing and Brownfields Redevelopment
Brownfield Financing | Tax Increment Finance (TIF)
Evans Paull with Redevelopment Economics presents TIF trends, the often conflicted relationship between TIF and brownfields, solutions to using TIF for brownfields redevelopment, and case studies from around the country.

P3 in the US - State Legislative Initiatives
Bond Finance | Infrastructure Finance | State Finance Program
Preston Bryant with McGuireWoods Consulting discusses Virginia's P3 law and legislative history, how the Virginia law works and how it has influenced other states' P3 initiatives, as well as what P3 legislation has been passed or is being considered in other states.

Transit-Oriented Development Case Studies
Access to Capital | Bond Finance | Economic Development | Infrastructure Finance | State Finance Program
Robert Ardolino with Urban Innovations presents complex, major case studies to highlight to elements of transit-oriented development financing. Ardolino explores sources of financing, public and private roles, challenges to implementation, structuring and more.


Sponsors

Annual Roundtable Sponsor

Ballard Spahr
Kutak Rock
PNC Capital Markets

Conference Supporting Sponsor

ABCD Corp
Dilworth Paxson LLP
Duane Morris Government Strategies

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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA President's Club

  • BNY
  • Bricker Graydon Wyatt LLP
  • CohnReznick
  • Colorado Housing and Finance Authority
  • FBT Gibbons
  • 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.
  • PGAV Planners, LLC
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a CDFA President's Club Member