The Council of Development Finance Agencies is pleased to welcome Natalie Abbadessa of The Agency Broome County IDA/LDC as the newest graduate of the prestigious Development Finance Certified Professional program. A new graduate, Ms. Abbadessa joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

Missouri would pay its full share of public school transportation costs for the first time in more than 20 years under a budget proposal approved by the Senate Appropriations Committee. The committee added $214 million for school transportation to the $114 million included in the record-setting $46.5 billion budget plan approved by the Missouri House.

In this upcoming installation in the CDFA-Bricker Webinar Series, PACE experts will provide an overview of different types of PACE program models from throughout the country and review the critical aspects of good program administration, as well as the programs that go above and beyond. Register now and join us on Tuesday, May 5 at 2:00 PM Eastern for this free webinar!

The thirteenth wave of the Federal Communications Commission's (FCC) Emergency Connectivity Fund will provide $37 million in funding to more than 170 schools, 30 libraries, and four consortia in Alaska, Indiana, Mississippi, New Mexico, Pennsylvania and Texas. The awards include almost $27 million for applications submitted in Window 1 of the program and more than $10 million for Windows 2 applications.

Freddie Mac Multifamily has announced that it will issue $92.8 million in social bonds to support the creation of four senior housing properties in Arizona. The transaction is a REMIC issuance backed by a pool of Freddie's multifamily mortgage participation certificates, which guarantee timely payment of interest and full payment of scheduled principal.

More New Mexicans can now opt in to using renewable energy to power their homes after a year of rulemaking done by the Public Regulation Commission. The new Community Solar Rule, passed into law in April 2021 and adopted by the PRC on March 30, 2022, will mandate that 30% of the electricity produced by shared solar facilities be distributed to low-income communities and the organizations that support them. 

Congress is considering taking back some of the money it authorized last year for a small business aid program in order to pay for new Covid-19 vaccines, testing and therapeutics. A bipartisan deal reached in the Senate earlier this month would fully offset the $10 billion legislation by reallocating a variety of Covid-19 relief funds that were previously authorized by Congress but have not yet been spent.

The Independence Economic Development and Incentive Commission last month unanimously recommended approval of the incentives – Chapter 100 industrial bond tax abatement, along with sales tax exemption on construction materials. NorthPoint plans to invest more than $800 million to construct several industrial and business park buildings over a dozen years along Little Blue Parkway and Missouri 78.

On March 15, President Biden signed the Omnibus Spending Bill, which included the "EB-5 Reform and Integrity Act of 2022." This bipartisan bill restores viability to EB-5 by reauthorizing the lapsed Regional Center Program, a component essential to the success of EB-5. The character of available financing and the projects most desirable for EB-5 investment are directly influenced by program requirements that must be met to qualify investors for a green card.

Small-business owners are bristling over a congressional proposal that would redirect unspent money from Covid-19 programs to provide $10 billion for the federal government's pandemic health response, including vaccines and therapeutics. At issue is about $5 billion that Congress allocated for three small-business aid programs but which hasn't yet been spent.

Southeast Nebraska Development District (SENDD) is searching for a Contractor to help develop an Economic Development Plan Lite Toolkit to assist communities in their 16-county region who are considering expanding their economic development services. The Toolkit will provide community leaders with resources/guides needed in developing action and strategic plans that spur economic growth and build resiliency within their rural communities.

This Request for Proposals (RFP) is seeking a qualified organization or person to develop, manage and coordinate an investment program on behalf of New Mexico and New Mexico Economic Development Department (EDD) funded by the State Small Business Credit Initiative (SSBCI). EDD seeks a contractor to work with its team and an investment advisory committee to make investments into multiple venture capital (VC) and equity funds to strengthen and diversify the state's economy equitably.

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