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CDFA Pennsylvania Financing Roundtable Newsletter - September 2016

CDFA Pennsylvania Financing Roundtable Newsletter - September 2016
September 14, 2016
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

Congress Selects a Pilot to Test the New Abandoned Mine Program
Congress earmarked $90 million to test a program for restoring land wrecked by underground fires and picked Carbondale as its proving ground. The project will get $2 million in economic development funding and possibly more down the road.

Multiple Incentives Used to Attract Plastics Company to PA
Retal PA, LLC is building a U.S. headquarters and manufacturing facility in Donora Borough, PA. The company will invest more than $15 million in the project and create 88 new, high-paying, jobs over the next three years.

LIHTC's May Support Redevelopment of Schools into Townhouses
A western PA development firm has proposed to demolish two community schools and fill the spaces with townhouses. Development would begin as soon as 2018 if the group is successful in receiving Low Income Housing Tax Credits.

Amazon Looks for Giant Footprint in PA
Last month, Pennsylvania's Department of Community and Economic Development offered Amazon $5 million from the Pennsylvania First program, $15 million in job-creation tax credits, plus $2.25 million in employee training - so long as Amazon creates 5,000 more jobs over the next three years.

PA Is The New International Technology Hotspot
The tech landscape in Pennsylvania is rapidly expanding. Companies large and small from across the country and the world are finding many areas throughout the state that they can call home.

Federal Grant to Help Boost Nature Tourism Across PA Wilds
The PA Wilds Center for Entrepreneurship Inc. has received a three-year, $500,000 grant from the Appalachian Regional Commission through the POWER Initiative to assist with nature tourism cluster development in the Pennsylvania Wilds.

Water Needs Being Worked Out With TIF in Grove City, PA
Members of the Springfield Township Municipal Authority met Monday morning to review the latest details on the two proposals that are on the table: Expanding through the Buhl Community Water Co. or building a standalone system.

$18.5M Bond Sale Funds Brownfield Cleanup and More in Western PA
The Jeannette Glass site and Westmoreland Manor will benefit from $18.5 million the Westmoreland County commissioners agreed to borrow.

Upcoming Events

CDFA's 30th National Development Finance Summit
November 2-4, 2016 - New Orleans, LA
Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

Pennsylvania News

PA To Review Applications to Controversial RLF Program
90.5 WESA | Sep. 13 | Revolving Loan Funds (RLFs)

Produce Terminal Developer Eyes More Strip District Property
Post-Gazette | Sep. 9 | Infrastructure Finance | Tax Increment Finance (TIF)

Job Creation Tax Credits Create 153 Jobs in Berwyn PA
Tredyffrin Patch | Sep. 8 | Tax Credits

Curwensville PA Uses Mini-Grant for Community Development
The Progress News | Sep. 6 | Community Development

Cumberland County PA Creates New Redevelopment Organization
The Sentinel | Aug. 30 | Economic Development | Redevelopment

August 2016 Tax Credits & Incentives Update
Horwood Marcus & Berk | Aug. 30 | Incentives | State Finance Program | Tax Credits

P3s Successfully Used to Fund Broadband Investments
Lexology | Aug. 15 | Infrastructure Finance | Public-Private Partnership (P3) Financing


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.

Job Postings

Hiring: Director of Education - 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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