CDFA Illinois Financing Roundtable Newsletter - January 2016
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Overview of Illinois's Program Investments and Outcomes
In order to create a comprehensive picture of the economic development landscape, C2ER reviewed data from a range of state statutes, reports, and websites. The numbers contained in this report are CREC and C2ER's best estimate of the dollars spent on economic development incentives at the state level in Illinois.
Quincy/Adams/Brown County Enterprise Zone Gets 15-Year Certification
The Quincy/Adams/Brown County Enterprise Zone was recertified by the state Jan. 1. The zone stretches from the Mississippi River through Quincy, parts of Adams County and along highways to Mount Sterling.
City of Paris Takes TIF to 2034
12-year term extension of the Paris Downtown Tax Increment Financing (TIF) redevelopment plan was approved by the Paris City Council on Monday, an ordinance which will allow the economic development tool to continue to be utilized until 2034.
Freeport Leaders to Pitch Redevelopment Plan for Downtown
A group of local leaders and developers have a vision they hope will restore the heart of Freeport to a vibrant, varied neighborhood that serves both city residents and visitors from the greater northwest Illinois region.
TIF Fund Transfer Proposed in Wheaton
The Chicago Tribune reports that Wheaton officials are proposing a shift of almost $1.6M in surplus funds from one of the oldest TIF districts on the west side of the central business district to a new TIF district on Main St.
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Upcoming Events |
Fundamentals of Economic Development Finance WebCourse
January 27-28, 2016 - Daily: 12-5pm (EST)
The Fundamentals Course is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.
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Illinois News |
Carpentersville Officials Approve the Creation of Two TIF Districts
Chicago Tribune | Jan. 11 | Tax Increment Finance (TIF)
News Briefs: Low-Income Housing Tax Credits
Novogradac | Jan. 7 | Tax Credits
IL Ending Exile from Bond Market Amid Budget Fight
Bloomberg | Jan. 7 | Bond Finance | Federal
TIF Money for Uptown Chicago Apartments Slated for Panel Vote
Chicago Business | Jan. 7 | Tax Increment Finance (TIF)
Colchester Sanitary Sewer Project Running under Budget
The McDonough County Voice | Jan. 6 | Infrastructure Finance | Local Finance Program | Tax Increment Finance (TIF)
All But Two States and Puerto Rico Can Issue More PABs in 2016
The Bond Buyer | Jan. 5 | Bond Finance
$200M Retail and Home Plan in Vernon Hills Progressing
Daily Herald | Jan. 5 | Tax Increment Finance (TIF)
Writing for Dollars: Winning Grants for Redevelopment
Renewal & Redevelopment | Jan. 4 | Access to Capital | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)
Tax Financing Districts Produce Mixed Results in Fox Valley, IL
Chicago Tribune | Dec. 24, 2015 | Tax Increment Finance (TIF)
Rockford Seeks More EPA Money to Fix Buildings
rrstar.com | Dec. 24, 2015 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)
TIF to Help Build Broadway Bus Stop Shelters
Chicago Tribune | Dec. 23, 2015 | Tax Increment Finance (TIF)
Lawmakers Agree on a Measure of Tax Extenders
U.S. Committee on Ways and Means | Dec. 17, 2015 | Bond Finance | Federal | Legislative | Tax Credits
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Sponsors |
Venue Sponsor
Annual Roundtable Sponsor
For information about sponsoring the CDFA Illinois Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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