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CDFA Rural Development Finance Update - June 2, 2015

Rural Development Finance Update
June 2, 2015
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Rural Development Finance Update

Features

The Four Pillars of Agriculture and Rural Economic Development
Since 2009, the Obama Administration has made targeted investments to help rural businesses grow. According to Imperial Valley News, these investments are creating new markets for innovative rural products in keys areas like production agriculture, local and regional food systems, the biobased economy, and conservation and natural resources.

Water Recycling Facility Successful P3
According to JD Supra, the award-winning water recycling facility in the City of Santa Paula, CA highlights how a public-private partnership project can be a successful model. For example, the city was able to avoid $18 million in costs and $1.8 million per year of operating costs, as well as reduced facility energy consumption.

New CO Law Increases Tax Incentives for Rural Development
Counties in rural Colorado have a new tool for attracting jobs. According to the Denver Business Journal, the new rural "jump-start" zone will allow expanding businesses or businesses relocating from outside the state to receive numerous tax credits.

Oregon Water Fund Rules Proposed
Oregon's water supply development fund is becoming a reality. According to Capital Ag Press, the Oregon Water Resources Department is persuading lawmakers to authorize $50 million in bonds to pay for the state's integrated water resource strategy, which includes $6.25 million for the water supply development fund.

$1B Invested in Rural Health Care Across 13 States
Between 2012 and 2014, the Department of Health and Human Services (HHS) and the U.S. Department of Agriculture (USDA) have helped to generate $1 billion in rural health care financing across 13 states. The initiative has expanded access to financing for rural health care needs through cross-government collaboration and non-government organization partnerships.

CoBank Reports First Quarter Financial Results
CoBank announces financial results for the first quarter of 2015 including an average loan volume growth of 5 percent and a net income of $232.2 million.

Upcoming Events
CDFA Summer School
USDA Rural Development News

USDA to Invest $100M to Infrastructure for Renewable Fuel Use
Sierra Sun Times | Jun. 1 | Rural Development | U.S. Dept. of Agriculture (USDA)

USDA to Give Priority Funding for Regional Economic Development
Eastern Arizona Courier | May. 27 | Economic Development | Federal | Rural Development | U.S. Dept. of Agriculture (USDA)

USDA Announces Funding for Smart Grid and 1000 Miles of Line
USDA | May. 12 | Infrastructure Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

USDA Provides Funds to Improve Infrastructure in Rural TX
Real Estate Rama | May. 12 | Infrastructure Finance | Rural Development | U.S. Dept. of Agriculture (USDA)


 
CDFA Rural Development Finance Initiative

CDFA Rural Project Marketplace
June 30 & July 1, 12-5pm EDT
The CDFA Rural Project Marketplace is a unique opportunity for rural communities and private sector investors to connect rural projects with financing and funding utilizing an online forum. Sign up today!

CDFA USDA Best Practices Publication -- Accepting Projects for Review
CDFA is producing a best practices publication that will feature 10 rural development projects representing best practices in the use of financing and/or funding. To submit your project for consideration, click the link above.

Rural Development Headlines

Brownfields Assistance Center at Marshall Collaborate on 'Reclaim Appalachia Initiative
Huntingtonnews.net | Jun. 1 | Access to Capital | Brownfield Financing | Local Finance Program | Rural Development

CDFA President & CEO, Toby Rittner Is Speaking on a Webinar Titled, "Exploring Innovation" for the Federal Reserve Bank of St. Louis
Federal Reserve Bank of St. Louis | Jun. 1 | Rural Development

Joint Venture to Foster Economic Development
Business Wire | May. 29 | Economic Development | Rural Development

$14.1M Rural Utility Service Loan for Electric Lines in NM
KRWG | May. 28 | Energy Finance | Green Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Gov. Cuomo Announces Recipients of New Farmers Grant Fund
LongIsland.com | May. 22 | Access to Capital | Food Systems Finance | Rural Development | State Finance Program

CO's Advanced Industry Program Awarded $250,000 to Agribotix
PR Newswire | May. 19 | Access to Capital | Rural Development

Tax Credit Will Help SC Small Businesses
Myrtle Beach Online | May. 14 | Rural Development | State Finance Program | Tax Credits

$6.7 Million AgriTech Park Agreement Moving Forward
Great Falls Tribune | May. 8 | Access to Capital | Economic Development | Rural Development | Tax Increment Finance (TIF)

Seattle Crowdfunding Firm to Help Small Businesses
The Seattle Times | May. 8 | Crowdfunding | Rural Development | State Finance Program

Entrepreneurs: Compete for Startup Funds
Agri-View | May. 7 | Access to Capital | Food Systems Finance | Rural Development



The Council of Development Finance Agencies (CDFA) 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, visit www.CDFA.net or email 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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