Rep. Luke Messer (R-IN) is shepherding a bill through the House that would revise current regulations to encourage financial institutions to work with municipalities to make infrastructure improvements more affordable.

White House announced Foxconn would open its first major American factory in Wisconsin, which they said would create at least 3,000 jobs and represent a $10 billion investment. Foxconn would receive $3 billion in tax breaks and other subsidies over the next 15 years from the state.

The planned redevelopment of the former Tiger Stadium site in Corktown has received a $4.375 million loan from the Michigan Strategic Fund. According to an MSF board document, an additional $7.3 million comes from New Markets Tax Credits.

The New Markets Tax Credit Coalition released a report detailing an unprecedented level of private investment in rural communities around the United States. The NMTC has helped rural communities increase healthcare access, financing 107 rural healthcare facilities or clinics, totaling nearly $800 million in project costs between 2003 and 2014.

The US EPA is s inviting 12 projects in nine states to apply for Water Infrastructure Finance and Innovation Act (WIFIA) loans.This year's projects will leverage more than $1 billion in private capital and other funding sources to help finance a total of $5.1 billion in water infrastructure investments.  

Connecticut's public-private partnership to provide funds for clean energy projects has won an innovation award from Harvard University. The Connecticut Green Bank will receive the Innovations in American Government Award later this summer during a ceremony in Hartford.

The MSRB recognizes that issuers often have compelling reasons for their involvement in selecting underwriter's counsel.. However, this practice gives rise to real or perceived conflicts of interest that undermine the integrity of the municipal market, according to Lynnette Kelly, Executive Director of the MSRB.

The IRS has preliminarily concluded that $26.5 million of zero coupon bonds issued by a Wisconsin authority for a project to redevelop the old Statler Hilton Hotel in Dallas are taxable.

During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, we'll take a mid-year look at the capital markets, consider the financing trends that volume cap data is showing us, and discuss what you can expect during the last months of 2017.

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