The Arizona Department of Transportation has reported that the public-private partnership (P3) constructing the $1.9 billion Phoenix-area Loop 202 South Mountain Freeway will deliver the project in late 2019, three years ahead of schedule.

The Grand Canyon State is not only rich in natural landmarks, but rich in opportunity for small businesses. The American Investment Council ranked Arizona as the 19th state in the United States for private equity investment in 2016.

Phoenix officials are crowing about the high ratings they received from all three rating agencies, saying they saved taxpayers $15 million on a $231 million bond issue they recently floated. The city received AA+ and Aa2 ratings from Fitch Ratings, Moody's Investor Services and Standard & Poor's S&P Global.

Scottsdale-based Solterra Senior Living is building three low-income assisted living projects totaling $66 million. For the two Phoenix properties, they used Phoenix Industrial Development Authority to procure the bonds and will use Arizona Industrial Development Authority for the Avondale project.

The city of Phoenix will provide $18.3 million in incentives to support a new downtown grocer. This is just one example of the current efforts in Arizona to alleviate food deserts. Other efforts include community gardens and extra EBT bucks for purchasing local produce.

Ducey signed three bills that boost tax incentives for big and small business, one of which is a new $10 million "angel investor" tax credit program for capital infusions into small businesses.

CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

During this special webinar from CDFA, learn from expert speakers and previous awardees as we discuss the RCDI program, how to apply, and recommendations for successful applications.

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