CDFA is excited to host the 2024 Federal Policy Conference on April 2-3 in Washington, D.C.! The conference will include sessions featuring the SSBCI, the 2024 Farm Bill, clean energy and infrastructure investments, the 2024 election, and much more. Join federal agency and development finance industry experts and leave with a better understanding of the tools, resources, and regulatory changes impacting the entire federal development finance spectrum. Register today!

Minnesota Farmers Union Foundation is accepting loan applications from meat processors. The foundation has a total of $900,000 in revolving loan funds (RLF) to distribute to support small and medium-sized meat and poultry processors through the Meat and Poultry Intermediary Lending Program (MPILP). The MPILP offers low-interest loans for the startup, expansion, and operation of slaughter and further processing of meat and poultry. Loans of up to $100,000 are available at a 4% fixed interest rate with a term of up to 10 years. Funds can be used to purchase land or equipment, cover startup costs, and make other business investments.

Bonds are a versatile tool when used in conjunction with more targeted approaches to drive economic development. Tune in for this installment, where panelists will share how communities can use bonds in conjunction with tax increment financing, federal legislative programs, and other development financing tools for an array of projects.

After a formal vote from the Evansville Redevelopment Commission, from Washington Avenue down to the Veterans Memorial Parkway will become a tax increment financing (TIF) area. To break it down: first, Kentucky Avenue becomes a TIF district. Then, the city pushes for new business and development in the area. Finally, once the businesses are functioning and paying taxes, all of that new development raises money to pay for what it costs to redevelop the area in the first place, and the area itself benefits as a whole.

The state of Vermont announced the first round of Venture Capital Program investments from Vermont's State Small Business Credit Initiative (SSBCI). The Venture Capital Program is allocating nearly $29 million to venture capital funds to seed fund investments that leverage accelerator programs to make small investments in rural, pre-seed stage companies and in high-growth, technology innovation companies in the healthcare sector. 

Governor Polis and the Colorado Energy Office announced that new Colorado Heat Pump Tax Credits are available to assist Coloradans who are installing eligible heat pump technology for space heating and cooling and water heating. The Colorado legislature established this tax credit along with several other clean energy tax credits when Governor Polis signed HB23-1272 "Tax Policy that Advances Decarbonization" sponsored by Representatives Mike Weissman and Junie Joseph and Senators Steve Fenberg and Lisa Cutter.

The Iowa City, IA Municipal Airport received a $442,800 grant from the Bipartisan Infrastructure Law to help fund the cost of a solar panel project slated to begin this summer. The funding award was announced by the U.S. Department of Transportation's Federal Aviation Administration (FAA).

The U.S. Department of Transportation (DOT) announced an award of $3.6 million to Minot International Airport. This award, funded by FY 2022 supplemental discretionary grants, will go towards a wildlife hazard removal and drainage improvement project. 

The Chief Credit Officer manages the credit approval process, as well as portfolio monitoring systems for all current and future credit products. The Chief Credit Officer is responsible for helping ACE achieve its social impact goals and for implementing equitable practices in credit management. Email your cover letter, resume, and salary requirements to HR@aceloans.org. Application deadline is February 26, 2024.

The Director of Lending is responsible for supervising sales activity that results in mission-based and quality loan production. This position motivates a team of loan officers and develops strategies to ensure that goals of capital deployment and programmatic impact are met. He/She also leads business development for lending and cultivates key strategic partnerships. Email your cover letter, resume, and salary requirements to HR@aceloans.org. Application deadline is February 26, 2024.

CDVCA is seeking a highly motivated individual dedicated to working with high-growth SEDI entrepreneurs to help them succeed and benefit their communities. The successful candidate will help develop the Unlock Capital program nationally, including recruiting, assessing, tracking, and supporting participating businesses and engaging with program mentors, lecturers, technical assistance providers, and volunteers. To apply send a cover letter and resume to: opportunities@cdvca.org

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