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CDFA Pennsylvania Financing Roundtable Newsletter - November 2016

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

Feature

CDFA Announces Winners of the Excellence in Development Finance Program Award
The Council of Development Finance Agencies (CDFA) is proud to announce the Lehigh Valley Economic Development Corporation as the winner of the 2016 CDFA Distinguished Development Finance Program Award for their Lehigh Valley Lending Network.

PA Governor Wolf Announces Pipeline Investment Program
The program will offer up to $24 million of total funding to make natural gas available to Pennsylvania residents, manufacturers, and pad-ready sites. Grants will be available for up to $1 million per applicant for pipeline project expenses, and will require 50% matching funds.

PA Announces $100M Impact Investing Initiative
Pennsylvania Treasurer Timothy A. Reese announced the launch of a $100 million impact investment initiative that will provide the "double-bottom line" benefit of providing a competitive rate of return while supporting state investments in development projects.

Changes in PA's CRIZ Program Provide Greater Benefits
Instead of looking at the entire zone's performance overall, the state now considers businesses individually and counts only growth in tax revenue. So if a business doesn't generate as much tax revenue as in their baseline year, the state basically ignores it.

20-Acre Brownfield to be Redeveloped in Reading PA
Commercial Development Co. Inc., a leading real estate and brownfield redevelopment company based in St. Louis, bought the property formerly owned by ICI Paints on Bern Street in order to repurpose it for new development.

DOT Grant Supports Pittsburgh Microgrids
The Pennsylvania city plans to create spines throughout the city that interconnect smart energy, transportation and communications. A goal is to improve air quality and traffic flow.

PennTAP Awarded Grants to Help Manufacturers with Energy Issues
The Pennsylvania Technical Assistance Program has received $655,000 in grants from the EPA and the state Department of Environmental Protection to provide energy and environmental assessments to Pennsylvania businesses.

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.

Pennsylvania News

PA SBDC Effort Targets Small Businesses in Coal Communities
benzinga | Nov. 8 | Economic Development

Dickinson College Plans on Using RLF to go Carbon Neutral
The Dickinsonian | Nov. 8 | Revolving Loan Funds (RLFs) | Tax Credits

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

Johnstown's Conrad Building May be Restored
The Daily American | Oct. 27 | Historic Preservation

Harrisburg's Allison Hill Neighborhood Receives $3M Grant
WHTM | Oct. 27 | Community Development | Economic Development | Infrastructure Finance

Commonwealth Finance Authority Announces $6M in Venture Finance
PA DCED | Oct. 25 | Access to Capital | Innovation Finance

Commonwealth Financing Agency Announces $14M for Conservation
PA DCED | Oct. 25 | Green Finance | Infrastructure Finance

PA Provides $2M Grant to Wilkes-Barre's Innovation Squared
The Citizens' Voice | Oct. 25 | Economic Development

PA Provides $1.2M to Boost Philadelphia's Chinatown Development
newsworks | Oct. 24 | Community Development


Sponsors

Conference Premium Sponsor

Baker Tilly Virchow Krause Ballard Spahr LLP Kutak Rock LLP NW Financial Group, LLC

For information about sponsoring the CDFA Pennsylvania 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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