CDFA National Summit Call for Submissions
CDFA is accepting sessions submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged.
Submission deadline is May 12, 2017.
New Study Finds Tax Credits Create 21,000 Jobs
Wisconsin's manufacturing and agriculture tax credit accounted for almost 21,000 new manufacturing jobs since implementation started in 2013, according to a new study from University of Wisconsin-Madison Professor Noah Williams. The study also concluded the tax credit accounted for 42,000 total jobs.
MD Energy Storage Tax Credit: Gaining Momentum Across America?
The General Assembly of Maryland just passed a bill that would provide a 30% tax credit to those who chose to utilize energy storage technology, making it the first state in the country to pass such legislation. The funds provided by the bill would last from 2018 to 2022.
Lehigh Valley Charter School Gets Boost from NMTC
Development of the Easton Arts Academy Elementary Charter School is getting a $5 million boost from NMTC's secured by the Lancaster-based Community First Fund. The Community First Fund secured $45 million in tax credits from the program this year.
MN Angel Tax Credit Program Loses Its Wings in Legislature
Minnesota's angel-investor tax program didn't make it into either the state house or senate tax bills, putting the incentive in jeopardy of sunsetting at the end of 2017. However, Gov. Mark Dayton included it in his most recent legislative package so it is possible the credits could resurface.
Urban Food Policy Snapshot: Baltimore Food Desert Incentive Area
Baltimore's Food Desert Incentive Area property tax credit aims to reduce overhead costs so opening a grocery store in a food desert, which typically have between 1 and 1.5 percent profit margins no matter where they operate, can more likely be profitable.
CT Looks to Boost State Historic Tax Credit Annual Cap
For more than a decade, Connecticut has had a state historic tax credit (HTC) administered by the Connecticut Office of Culture and Tourism (CCT). The program now has a project cap of $4.5 million and the program cap was more than doubled to $31.7 million per fiscal year.
LA Takes Hard Look at Existing State Tax Breaks
New Orleans Sen. J.P. Morrell spent dozens of hours last year holding hearings that examined every tax break on the books. Now he's trying to get rid of some of them, saying Louisiana might have been able to afford them once, but not anymore.
Learning from Buffalo and Denver: Can Tax Credits Assist Polluted Sites?
Tax credits can help clean up pollution and renew communities, three experts from Buffalo and Denver told Oregon leaders and professionals during a visit to Portland last week – but it's important to think carefully as they're set up.