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CDFA Michigan Financing Roundtable Newsletter - November 2013

CDFA Michigan Financing Roundtable Newsletter - November 2013
November 26, 2013
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CDFA Michigan Financing Roundtable Newsletter

Feature

Foster Swift and Hilliard Lyons Discuss the Bond Landscape
The State of Michigan possesses some of the most sophisticated and effective bond financing programs of any state in the nation. During this session, speakers will explore bond financing case examples which have proven to be effective tools in addressing critical infrastructure needs, supporting community development, and driving business and industry investment.

Strategies for Revitalization & Redevelopment
Within this session, Anne Jamieson-Urena with AKT Peerless, John Kerr with Strategic Public Affairs and Kara Wood with City of Grand Rapids will discuss their experiences using tools such as Tax Increment Financing, Special Assessment Districts, and Brownfield Remediation to catalyze public improvements that spur private investment.

David Lick and Mary Templeton Share Their Knowledge on P3
As more states, municipalities, universities, and companies, face tough budget decisions, Public-Private Partnership (P3) models are being used to provide creative solutions to finance vital development projects, including real estate developments, schools, parking garages, public transit, affordable housing, water facilities, and more.

Financing Innovation & Entrepreneurs
Michigan is a leader in supporting entrepreneurs and innovation industries. Never before have there been so many access to capital tools available to support new and emerging businesses. No matter if your need is covering start-up costs, financing current operations, training new employees, or expanding facilities, there is a financing method available to fit the needs of businesses and technology development in your community.

HUD, USDA and SBA Spread the Wealth
Join us as representatives from several federal agencies describe the tools and programs which are available to support community and economic development efforts in the state of Michigan.

8 Michigan Cities to Get Help on Development Projects
The Michigan Municipal League announced that Cadillac, Detroit, Flint, Kalamazoo, Holland, Jackson, Marquette and Midland will participate in PlacePlans, key economic development projects that include revitalizing historic downtown districts.

Upcoming Events

2013 CDFA Michigan Financing Roundtable Conference
Thursday, December 12, 2013 - East Lansing, Michigan
Join the CDFA Michigan Financing Roundtable on December 12, for our annual conference focused on "Maximizing Economic Development, Minimizing Risk in the Great Lakes State". This one-day conference will feature a number of economic development finance experts and leaders from around the state discussing new development finance tools, resources, authorities, and approaches and how these methods can move Michigan's economy forward. Topics to be discussed include job creation, access to capital, redevelopment, infrastructure, reinvestment, federal funding and much more.

Michigan News

Chelsea-Area Wellness Foundation to Buy Dexter Wellness Center Facility with State Bond Funding
M Live | Nov. 25 | Bond Finance | Community Development | State Finance Program

Lincoln Apartments Opens Doors on Rehabbed Brownfield Site
Great Lakes Capital Fund | Nov. 22 | Brownfield Financing | Community Development | Member News

Rep. Peters Seeks Federal Aid for Small Business Loans
The Detroit News | Nov. 22 | Access to Capital | Legislative | State Finance Program | U.S. Dept. of Treasury

PlacePlans Assisting with $15M Southwest Detroit Development
M Live | Nov. 21 | Community Development | Redevelopment | State Finance Program

Huntington Bank Puts $2M into Michigan Micro-lending
Columbus Dispatch | Nov. 18 | Economic Development | Innovation Finance

Marquette to Receive Economic Development Assistance
ABC 10 | Nov. 15 | Economic Development | Rural Development | State Finance Program

Detroit's Historic Forest Arms Bldg Begins $10M Renovation
M Live | Nov. 15 | Community Development | Redevelopment | State Finance Program | Tax Credits

State's Rental Rehab Program Working in Morenci
lenconnect.com | Nov. 15 | Community Development | Redevelopment | State Finance Program

Michigan's $5M Cap on Restructuring Aid Stuns Detroit
Governing | Nov. 14 | Legislative | State Finance Program

State Backs Dearborn Artspace Mixed-use Project
metromode | Nov. 14 | Community Development | State Finance Program | Tax Credits

Blighted Cities Prefer Razing to Rebuilding
New York Times | Nov. 12 | Community Development | Redevelopment

Limits to Ann Arbor TIF Capture Passes First Reading
WEMU | Nov. 12 | Legislative | Local Finance Program | Tax Increment Finance (TIF)

New Micro Lending Program to Pump Cash into Detroit
FOX Business | Nov. 7 | Innovation Finance | State Finance Program

ACEEE Releases State Energy Efficiency Scorecard
ACEEE | Nov. 7 | Energy Finance | State Finance Program

Detroit Learns from Cleveland
Crain's Cleveland Business | Nov. 7 | Community Development | Redevelopment | Urban Development

Mezzanine Funds Worth the Cost?
MiBiz | Nov. 7 | Access to Capital

News Briefs: Low-Income Housing Tax Credits
Novogradac & Co | Nov. 5 | Tax Credits | U.S. Dept. of Housing & Urban Affairs (HUD) | Federal

Michigan PACE Program Growing Rapidly
Midwest Energy News | Nov. 4 | Energy Finance | Green Finance | State Finance Program


New Additions to the Online Resource Database

Economic Growth Alliance Regional Employment Forecast
Economic Development
This study contributes to the EGA partnership by providing an economic forecast for the period 2013 to 2015 for the seven-county region including Genesee, Lapeer, Livingston, Macomb, Oakland, St. Clair, and Shiawassee. The study includes projections of employment by industry division as well as unemployment and inflation rates. Also included are forecasts of employment by industry division and the unemployment rate for each member county, and a summary of the underlying national forecast.

City of Battle Creek 2013-2014 Annual Action Plan
Community Development | Economic Development | U.S. Dept. of Housing & Urban Affairs (HUD)
The 2013‐2014 Annual Action Plan for the City of Battle Creek, Michigan, outlines the City's proposed course of action over 2013-2014 to address housing, neighborhood suitability and economic opportunities by using funds from the CDBG and HOME Investment Partnership Programs.

Grand Traverse County EDC: RLF CDBG Re-Use Plan
Access to Capital | Community Development | Local Finance Program | Revolving Loan Funds (RLFs) | U.S. Dept. of Housing & Urban Affairs (HUD) | Federal
This plan from the Grand Traverse County Economic Development Corporation outlines a revolving loan fund supported by Community Development Block Grant funds. The plan describes the policies that will govern the RLF's loans, which will include general, targeted, and forgivable loans.


Sponsors

Annual Roundtable Sponsor

BNY Mellon Michigan Saves

Conference Premium Sponsor

Foster, Swift, Collins & Smith P.C.



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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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