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CDFA South Carolina Financing Roundtable Newsletter - September 2014

CDFA South Carolina Financing Roundtable Newsletter - September 2014
September 24, 2014
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CDFA South Carolina Financing Roundtable Newsletter

Feature

South Carolina Judge Won't Rule Again on Project Jackson
A South Carolina judge won't reconsider his ruling on the North Augusta TIF district. The plaintiff  had filed his motion, saying North Augusta presented evidence that did not prove blight nor declining property values required for the district.

SC's Congressional Delegation Split over Usefulness of Export-Import Bank
The SC delegation is split over the fate of the Export-Import Bank. The bank has financed exports for 36 South Carolina small businesses, but the majority of the bank's investments over the past seven years has gone to Boeing.

Palmetto Health Refinances with SC JEDA Bonds
Palmetto Health is leveraging $139.48M in tax-exempt bonds issued through the South Carolina Jobs-Economic Development Authority (JEDA) to reduce interest rate expense on its existing debt.

House Sees Growing Role for P3s and PABs in Infrastructure
Roll Call reports there was bipartisan House agreement that P3s should be an important part of paying for new transportation infrastructure. The question, now, is how large a percentage of infrastructure funding will come from P3s.

Better by Design: Tax Credits' Structure Provides Superior Results
Michael Novogradac writes on the advantages tax credits over capital grants and their proven track records promoting capital investment in affordable housing, community development, historic preservation and renewable energy.

Upcoming Events

2014 CDFA South Carolina Financing Roundtable Conference
November 6, 2014 - Charleston, SC
Join CDFA and JEDA for the first-ever South Carolina Financing Roundtable Conference as we focus on "Unlocking Development Finance in the Palmetto State." This one-day event will feature a number of economic development finance experts and leaders from around the state discussing new development finance tools, resources and approaches and how these methods can move South Carolina's economy forward.

2014 National Development Finance Summit
November 18-21, 2014 - Scottsdale, AZ
Hosted by the generous support of the Scottsdale IDA, this year's National Summit will be an amazing, can't-miss event with an in-depth look at development finance in the United States. Designed to educate both novices and seasoned development finance professionals alike, the 2014 National Development Finance Summit will touch on over 25 different financing concepts, tools, programs, strategies, and solutions to the challenges facing our country.

CDFA Spotlight

Send Letters to Congress Supporting the Modernizing American Manufacturing Bonds Act
CDFA has begun a targeted letter-writing campaign. We ask that industry stakeholders send letters to House members to support CDFA's Modernizing American Manufacturing Bonds Act and the suggested reforms to modernize and revolutionize Qualified Small Issue Manufacturing Bonds. To make this process easier, we have created sample letters for your use.

South Carolina News

Bailey Bill Tax Incentive Helps Historic Restoration Projects
The State | Sep. 22 | Redevelopment | Tax Credits

Obama Launches Second Promise Zone Competition
The White House | Sep. 19 | Economic Development | Rural Development | Urban Development | Federal

Building Blocks for Incentives Cost-Benefit Analysis
Smart Incentives | Sep. 18 | Community Development | Economic Development | Local Finance Program

Revitalize American Manufacturing & Innovation Act Passes House
Manufacturing.net | Sep. 17 | Legislative | NIST Manufacturing Extension Partnership (MEP) | Federal

Social Impact Bonds are Going Mainstream
Forbes | Sep. 16 | Bond Finance | Federal

Legislation in Congress Will Continue Ex-Im Bank
AIN Online | Sep. 15 | Access to Capital | Legislative | Export Import Bank of the United States (Ex-Im Bank) | Federal

Moody's Predicts Huge Potential for P3s
GOVERNING | Sep. 11 | Infrastructure Finance | Public-Private Partnership (P3) Financing

With New Law, SC Sets Foundation for More Solar Energy
The Energy Collective | Sep. 10 | Energy Finance | Green Finance | Legislative | State Finance Program

SC Energy Conservation Financing Programs Trucking Along
SCJEDA | Sep. 8 | Access to Capital | Energy Finance | Green Finance | Revolving Loan Funds (RLFs) | State Finance Program | State Small Business Credit Initiative (SSBCI)

Columbia Offers $200K in Loans as Main Street Biz Incentive
The State | Aug. 29 | Access to Capital | Local Finance Program | Redevelopment | Urban Development

Cities to Compete for $45M Innovation Grants
GOVERNING | Aug. 28 | Access to Capital | Foundations | Innovation Finance | Urban Development

Preservation Group to Congress: Save Historic Tax Credit
Syracuse Post-Standard | Aug. 27 | Legislative | Redevelopment | Tax Credits | Federal


New Additions to the Online Resource Database

SBA Participating Microloan Intermediaries
Access to Capital | U.S. Small Business Administration (SBA)
The U.S. Small Business Administartion's list of Participating Microloan Intermediary Lenders provides contact information for each lender.

P3 Issues and Considerations
Infrastructure Finance | Local Finance Program | Public-Private Partnership (P3) Financing
Practical Law Finance discusses public private partnerships (P3s) including when they should be used to develop infrastructure projects. This resource also discusses the most commonly used P3 structures, alternatives and how infrastructure projects (including those using a P3 structure) are typically financed.


Sponsors

Roundtable Partner

South Carolina Jobs-Economic Development Authority

Conference Premium Sponsor

Regions Bank Corporate Trust

Conference Supporting Sponsor

Haynsworth Sinkler Boyd, P.A. McNair Law Firm Parker Poe Adams & Bernstein Pope Zeigler

For information about sponsoring the South Carolina Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

New Members

Business Development Corporation of South Carolina - Columbia, SC


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
100 E. Broad Street, Suite 2200
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor