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CDFA Michigan Financing Roundtable Newsletter - November 2016

CDFA Michigan Financing Roundtable Newsletter - November 2016
November 9, 2016
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CDFA Michigan Financing Roundtable Newsletter

Feature

Accelerate MI Innovation Competition Winners Announced
11 different entrepreneurs received awards at this years Accelerate Michigan Innovation Competition with SPLT taking home the $500,000 grand prize followed by Autobooks in second and JOOL in third.

Detroit Program Expanding Neighborhood Investment in Rustbelt
A union-led effort that's helping improve homes and create jobs in Detroit is being expanded to other rustbelt cities as part of a $2.1 billion effort to help communities struggling with aging neighborhoods, disinvestment and unemployment.

Election Likely to Impact Lansing Big-Ticket Policy Items
In January, more than a third of lawmakers in the Michigan House will be new which will influence how big-ticket policy items are handled in Michigan, though in ways that won't be clear until after the Nov. 8 election.

Bills Would Streamline Brownfield Redevelopment
Six bills intended to streamline Michigan brownfield redevelopment laws are headed to the state House of Representatives. The bills propose a number of changes that aim to make state laws governing brownfield redevelopment authorities more consistent across the board.

EDA Makes $2.5M Investment in MI Brownfields
Kettering University received $1.9 million for completion of phase two of the Kettering University GM Mobility Research Center. The University of Michigan-Flint received $400,000 to establish a University Center for Community and Economic Development.

MEDC Provides $3M to Support 3 Start-Up Initiatives
By the end of the year, two separate but similar funds of $1 million and $2 million each could begin offering grants to university researchers and entrepreneurs seeking to validate innovations and prove out their concepts. A third fund would support angel investments.

Vacant Building to be Redeveloped in Detroit's New Center Neighborhood
A three-story building in Detroit's New Center neighborhood will undergo a renovation, transforming the structure into the Shoppes at Woodward. It will house the Ralph C. Wilson Jr. Foundation, a restaurant and residential units.

Michigan News

Lenderful's $1.75M Investment to Create 52 Jobs in Pontiac
MEDC | Nov. 3 | Economic Development

MI Energy Office to Award $100K for Energy-Efficient Manufacturing
Crain's Detroit Business | Nov. 3 | Energy Finance

Arthur Cohen Presented Prestigious CDFA Lifetime Achievement Award
CDFA | Nov. 3 | Member News

Road Maintenance Assessment OK'd in Cambridge Township
The Daily Telegram | Oct. 21 | Infrastructure Finance | Special Assessment Districts

MI's "Train for Trainers" Program Receives $200K Grant
MEDC | Oct. 20 | Access to Capital | Innovation Finance

Automotive Supplier Makes $22.3M Investment in Emmett Township
Battle Creek Enquirer | Oct. 20 | Economic Development | Incentives

City of Royal Oak Approves Brownfield Tax Incentives
Scripps Media | Oct. 19 | Brownfield Financing

Brownfield Redevelopment an Investment in Genesee County's Future
Grand Blanc View | Oct. 19 | Brownfield Financing | U.S. Economic Development Administration (EDA)


Sponsors

Venue Sponsor

City of Grand Rapids, MI

For information about sponsoring the CDFA Michigan 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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