CDFA Michigan Financing Roundtable Newsletter - April 2015
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MI Dept. of Talent and Economic Development Launched
A new Department of Talent and Economic Development (TED) has been officially launched. According to Economic Development HQ, TED combines MEDC, the Strategic Fund, the State Housing Development Authority, and newly created Talent Investment Agency.
Michigan Angel Fund Awards $1.7M to Arborlight
Arborlight receives investment from the Michigan Angel Fund of $1.7M. According to MLive, the Ann Arbor-based technology company received the investment for their award-winning LightWell product.
Brownfield Gets New Life with $53M Investment
According to Crain's Detroit Business, the former McLouth Steel Corporation plant in Gibraltar will be utilizing brownfield financing to invest $53M to upgrade the plant and create new jobs for the region.
Grand Rapids Gets $1M DEQ Grant to Clean up Brownfield
The city of Grand Rapids has received a $1M brownfield grant to clean up the former Grand Rapids Press site. MLive reports Michigan State University plans to build an $85M biomedical research center on the site.
See Where Downtown Ann Arbor Property Tax Dollars Go, and How Much DDA Captures
Downtown Development Authority in Ann Arbor provides a pie chart breaking down where the money goes from property taxes.
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| Upcoming Events |
2015 CDFA Michigan Conference
October 7, 2015
Join the CDFA Michigan Financing Roundtable for the fifth annual conference on October 7, 2015. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Michigan economy going forward.
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| CDFA Spotlight |
CDFA Brownfields Project Marketplace - Enroll Now!
CDFA is excited to announce the Brownfields Project Marketplace, which will take place on May 19, 2015 from 1pm-5pm EDT in Columbus, Ohio. The Brownfields Project Marketplace provides communities the opportunity to receive special assistance with brownfields redevelopment projects. Communities will detail important information on a site and engage in open discussion with financial and brownfields experts.
CDFA Announces The Bond Buyer as Official Media Sponsor
CDFA is proud to recognize The Bond Buyer as our official media sponsor. This new partnership brings the collective expertise of CDFA and The Bond Buyer together to offer timely information to the development finance industry. As part of this partnership, CDFA members who are categorized as State or Local Issuer will be entitled to a special subscription discount to The Bond Buyer.
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| Michigan News |
March 2015 State Tax Credit and Incentive Update
National Law Review | Apr. 6 | State Finance Program | Tax Credits
EPA Announces FY2015 Supplemental Funding for Brownfields RLF Grantees
US EPA | Apr. 6 | Access to Capital | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)
SEC Adopts Rules under Title IV of JOBS Act
Forbes | Mar. 30 | Access to Capital | Crowdfunding | U.S. Securities and Exchange Commission (SEC) | Federal
Milford DDA Looks to Amend TIF plan
HometownLife.com | Mar. 27 | Access to Capital | Economic Development | Tax Increment Finance (TIF)
MI County Reports 3.88% Interest on OPEB Bonds
The Bond Buyer | Mar. 23 | Bond Finance
MI Senate Okays Statutory Lien on Detroit Bonds
The Bond Buyer | Mar. 23 | Bond Finance
MSRB Increases Test Fees
MSRB | Mar. 23 | Bond Finance | Economic Development | Federal | Municipal Securities Rulemaking Board (MSRB)
Birmingham Considers TIF Plan for More Parking in Triangle
HometownLife.com | Mar. 23 | Access to Capital | Tax Increment Finance (TIF)
EPA Announces Supplemental Funding for Brownfields RLF
US EPA | Mar. 23 | Access to Capital | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)
Traverse City Mayor Seeks Reconsideration of Brownfield
APA | Mar. 20 | Brownfield Financing | Redevelopment | Tax Credits
St. Clair Shores Expects "Eyesore" Apartments to be Demolished
Macomb Daily | Mar. 17 | Access to Capital | Brownfield Financing | Redevelopment
SEC Official Eyes Accounting Mandate for Municipal Issuers
Reuters | Mar. 11 | Bond Finance | U.S. Securities and Exchange Commission (SEC)
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| Sponsors |
Your Logo Here!
For information about sponsoring the CDFA Michigan Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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| Job Postings |
CDFA - Manager, State Programs Outreach
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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