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CDFA Michigan Financing Roundtable Newsletter - December 2013

CDFA Michigan Financing Roundtable Newsletter - December 2013
December 31, 2013
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CDFA Michigan Financing Roundtable Newsletter

Feature

Detroit Gets PACE Financing
Wayne County, Mich., which includes the City of Detroit, is going to create a Property Assessed Clean Energy (PACE) district that will assist business owners in financing energy efficiency improvements.

Ohio, Michigan Working Together on Clean-energy Initiative
Unlike college football, manufacturing of energy-efficiency products seems to be bringing together Ohio and Michigan. The Michigan Economic Development Corp. said this week the energy offices in the two states are partners in a new $702,500 venture aimed at boosting growth in the clean-energy sector and promoting technologies that improve energy efficiency.

Michigan Municipal Market Update from Hilliard Lyons
This market update from Hilliard Lyons provides commentary on the rebound of rates since this time last year and the impact of budget concerns on state and local pensions.

Flint Theatre Rehab Grant Contingent on Raising $9.5M
A $500,000 community development grant for Flint's Capitol Theatre is currently in limbo as owners and interested parties search to secure an additional $9.5 million for funding its rehabilitation.

Municipal Commentary - Detroit Eligible for Bankruptcy
After U.S. Bankruptcy Judge Steven Rhodes delivered an oral opinion finding that the City of Detroit is eligible for federal bankruptcy protection, Wells Fargo offered a few key points targeted at investors who may be concerned that there may be a rush by other municipalities to file.

Public Private Partnerships: A Practical Option
P3s unleash the creativity of the private sector in the areas of finance, design, construction, and long-term maintenance, all of which are competitively priced. David Lick presents this overview of the tool from an experienced industry perspective.

2014 EDA Economic Development Grant Program Now Open
This Federal Funding Opportunity (FFO) announcement sets out EDA's application submission and review procedures for two of its Economic Development Assistance programs (EDAP) authorized under the Public Works and Economic Development Act of 1965, as amended.

Michigan News

Will Detroit Turn BOND Upside Down?
Bernardi Securities | Dec. 30 | Bond Finance

Three Rivers Seeks Main Street Designation
Sturgis Journal | Dec. 24 | Community Development | State Finance Program

Proposed New Red Wings Arena, Entertainment District
NPR Michigan Radio | Dec. 23 | Economic Development | Local Finance Program | Redevelopment

Public Lighting Authority of Detroit Completes Bond Sale
Michigan Chronicle | Dec. 17 | Bond Finance

Focus on Michigan: PACE Market is Growing
PR Web | Dec. 11 | Access to Capital | Energy Finance | Green Finance | Local Finance Program

Opinion: What MI Can Do to Help Failing Cities
Detroit Free Press | Dec. 11 | Bond Finance | Economic Development | Local Finance Program | State Finance Program

Peters Seeks to Tap More Federal Aid for Small Business Loans
The Detroit News | Dec. 11 | Access to Capital | State Finance Program | U.S. Dept. of Treasury

MEP Awards Grants to Help Manufacturers ‘Make it in America'
Today's Medical Developments | Dec. 9 | Access to Capital | Economic Development | U.S. Economic Development Administration (EDA) | Federal

Adrian City Commission Approves Development Resolutions
Daily Telegram | Dec. 5 | Community Development | Local Finance Program | Redevelopment | State Finance Program


New Additions to the Online Resource Database

Development Finance Trends - Legislative Perspective
Legislative
CDFA's President & CEO, Toby Rittner, presents on the current state of affairs on Capitol Hill as it relates to development finance, along with a prediction of what is to come.

Rural Development - Strengthening Rural Communities
Rural Development | U.S. Dept. of Agriculture (USDA)
Jim Turner with the U.S. Department of Agriculture describes the latest investments being made for rural areas, such as infrastructure, broadband, renewable energy, housing and other community assets.

Leveraging HUD's Economic Development Projects
Community Development | Economic Development | U.S. Dept. of Housing & Urban Affairs (HUD)
Louis Berra with the U.S. Department of Housing and Urban Development presents on community planning and development programs offered through the Office of Economic Development (OED).

Michigan's Municipal Bond Market
Bond Finance
Jack Brusewitz with Hilliard Lyons presents to the Roundtable on public financing in Michigan, beginning with an introduction and moving to a market update with two case studies.


Sponsors

Annual Roundtable Sponsor

BNY Mellon Michigan Saves

Conference Premium Sponsor

Foster, Swift, Collins & Smith P.C.


New Members

Detroit/Wayne County Port Authority - Detroit, MI


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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