Register for CDFA's Intro Federal Finance Course taking place on December 13-14 to learn the federal funding resources available to help advance economic development. Our panel of expert speakers will discuss how federal support tools can work in coordination with other development finance tools for programs and projects on the local level.

Sullivan County, New York legislators have agreed to transfer the administration of revolving loan funds from the Sullivan County Planning and Community Development Division to the Sullivan County Industrial Development. The goal of transferring administration of this program to the IDA is to increase accessibility of funding to more people and create a one-stop-shop at the IDA for both loans and grants.

The Arizona Industrial Development Authority as conduit issuer is offering a $230 million social bond to support a variety of high-performing public charter schools across the United States. The senior manager is slated to price the Series 2023A senior National Charter School revolving loan fund social revenue bonds for the Equitable School Revolving Fund LLC.

Initiated in December 2017, the Watertown Redevelopment Authority Revolving Loan Fund program has, to date, provided almost $1.2 million in loans and grants to 15 downtown businesses. The Watertown RDA was established to develop urban renewal projects, encourage private/public reinvestment in under-utilized areas resulting in: new infill housing and commercial developments, job creation, expanded tax base, improved quality of life for the citizens of Watertown.

The Hardin County Commissioners have passed a resolution to create the Hardin County Local Revolving Loan Fund as part of an effort to support economic development in Hardin County. The program, created in partnership with the Hardin County Chamber and Business Alliance, is designed to provide gap funding, in the form of low-interest loans, to those looking to establish or expand a business enterprise in Hardin County.

Governor Hochul recently signed veteran-friendly legislation spearheaded by state Senator Joe Addabbo Jr. The bill requires the state's Small Business Revolving Loan Fund to target and market to veteran-owned enterprises and service disabled veteran-owned enterprises, ensuring their access to vital financial resources.

CEED Lending, a division of the Great Lakes Women's Business Council, wants to help small businesses grow. CEED has $4 million available to make loans ranging from $50,000 to $200,000 to for-profit, small businesses in Oakland County that have been affected by COVID-19. The Oakland County Revolving Loan Fund can help historically underserved small businesses reach their financial goals.

The Chenango County Planning & Development Department is helping businesses avoid financial burdens by offering a Revolving Loan Fund program with capitalization funds from the U.S. Department of Housing & Urban Development. Businesses that are in need of critical funding or looking to expand could qualify for up to $150,000 in loan funding at 75% of the prime interest rate.

CDFA // BNY Mellon Development Finance Webcast Series: Financing Childcare Facilities with Bonds
December 19, 2023 - 2:00 PM - 3:00 PM Eastern

Intro Revolving Loan Fund WebCourse
May 13-14, 2024 - Daily: 12:00 PM - 5:00 PM Eastern

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The CDFA-NASDA Foundation Socially Disadvantaged Farmers & Ranchers Access to Capital Toolkit is a set of best practice resources designed to provide practical assistance to communities looking to invest in socially disadvantaged farmers and ranchers. The toolkit will address topics from effective revolving loan fund management to leveraging bonds, tax increment, and other forms of public and private capital, to encourage increased investment in socially disadvantaged farmers and ranchers.

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