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CDFA Arizona Financing Roundtable Newsletter - September 2016

CDFA Arizona Financing Roundtable Newsletter - September 2016
September 21, 2016
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CDFA Arizona Financing Roundtable Newsletter

Feature

How AZ Businesses Can Get Into Equity Crowdfunding
The CEO and president of FundMyBusinessAZ.com created the first online portal allowing companies to post offerings to investors. The idea of the program is to let small businesses raise capital by offering ownership shares to individual Arizonans.

What's Behind Phoenix's Roosevelt Row Business Improvement District?
Roosevelt Row is one of the most vibrant parts of downtown Phoenix. It's helped spur the redevelopment of the city center in recent years, but, now, the arts district is in the middle of a controversy that keeps ramping up.

AZ Mayors Make Push for TIF Development Tax Incentives
Arizona mayors and economic developers are making a renewed push to allow for tax increment financing incentives for real estate developments and other projects. They are pressing the business community to help lobby a skeptical state Legislature for TIFs.

Details of Phoenix's $36M Deal for Downtown Grocery Store
The Phoenix City Council is slated to vote on $18 million worth of tax breaks and other incentives and a potential $18 million sale of an empty parcel in downtown Phoenix to RED Development. RED wants to bring 150,000 square feet of offices, 300 apartments and restaurants to the property.

Downtown Kingman Merchant Group Seeks Development District
The Downtown Merchants Association requested that the city aid its pursuit to form a downtown development district. The idea, similar to an entertainment district, is to unite, develop and strengthen the downtown area while identifying, preserving and enhancing Kingman's history.

Taxpayers May Not Be Protected in Sale of AZ DBacks Ballpark
Taxpayers may be on the hook for the potential $60 million sale of Chase Field. Due to a loophole in the state constitution, taxpayers may not be protected due to the ballpark's TIF district, so the ballpark cannot be sold under the Gift-Clause.

Upcoming Events

CDFA Arizona Conference
Thursday, October 13, 2016 - Phoenix, AZ
Join the CDFA Arizona Financing Roundtable for the third annual conference on October 13, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Arizona economy going forward.

The conference will take place at the Executive Conference Center in the Phoenix Convention Center in Phoenix, Arizona and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA Arizona Financing Roundtable Conference.

Arizona News

Tucson AZ Finalist for Grant to be Used for Midtown Park
Tucson News Now | Sep. 16 | Economic Development | Public-Private Partnership (P3) Financing

AZ Developer Constructing New $14M, Zero Emissions Project
Phoenix Business Journal | Sep. 12 | Economic Development | Energy Finance | Green Finance

AZ Doubles Tax Credit Limits
YourWestValley | Sep. 8 | Incentives | Tax Credits

Consumers Buying into Community Owned Solar Farms
Bloomberg Markets | Aug. 18 | Energy Finance | Green Finance | Infrastructure Finance | U.S. Dept. of Energy (DOE)


Sponsors

Conference Premium Sponsor

Kutak Rock LLP

For information about sponsoring the CDFA Arizona 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

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  • Business Oregon
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  • Ice Miller LLP
  • KeyBanc Capital Markets
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  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
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  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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