CDFA Pennsylvania Financing Roundtable Newsletter - June 2014

CDFA Pennsylvania Financing Roundtable Newsletter - June 2014
June 11, 2014



Feature
Tax Increment Financing: Tweaking TIF for the 21st Century This informative Urban Land Institute (ULI) piece, featuring CDFA President & CEO Toby Rittner and several CDFA members, explores the transformative use of tax increment finance across the country and the reemergence of this tool as key development driver post-recession. Overviews of Chicago, Atlanta and the California story demonstrate the evolving and comprehensive ability of TIF to drive economic development and community transformation. DCED and Duane Morris to Discuss State Programs and Legislative Update Jared Lucas with PA Department of Community & Economic Development and Michael Pehur with Duane Morris Government Strategies will present on financing programs from the State of Pennsylvania and legislative issues affecting the development finance industry at the 2014 CDFA Pennsylvania Financing Roundtable Conference on June 12. Corbett Announces Low-Interest Loans for PA Manufacturers DCED was directed to reduce interest rates for some business loan programs under the JOBS1st PA initiative championed by Gov. Corbett. Treasury Announces $3.5B in NMTC Awards This Award Book provides an overview of the CDEs awarded in the 2013 round of New Markets Tax Credits from the CDFI Fund, including from Pennsylvania: Commonwealth Cornerstone Group, PIDC - Regional Development Corp, Pittsburgh Urban Initiatives, PNC Community Partners, and The Reinvestment Fund. Lehigh Valley Lands Chinese Manufacturer with State Funding According to Team PA, Lehigh Valley landed a plastic manufacturer with a funding proposal from DCED including a Guaranteed Free Training grant, a $150K Pennsylvania First Program grant that facilitates investment and job creation, and $150K in tax credits.
Upcoming Events
2014 CDFA Pennsylvania Roundtable Conference June 12, 2014 - Pittsburgh, PA Join CDFA tomorrow for a one-day conference titled "Catalyzing New Opportunities & Innovation in Development Finance," featuring development finance experts in the state discussing new development finance tools, resources and approaches.
Pennsylvania News
PIDC, Others Awarded New Markets Tax Credit Allocation PlanPhilly \| Jun. 10 \| Community Development \| Member News \| Tax Credits \| U.S. Dept. of Treasury CDFI Fund $50K Grant to Enhance Farrell Neighborhood WFMJ \| Jun. 3 \| Community Development \| State Finance Program Pitt Region's Newest VC Fund to Focus Investments on Tech Pittsburgh Regional Alliance \| Jun. 3 \| Access to Capital \| Innovation Finance Editorial: CRIZ is a Game Changer Lancaster Intelligencer Journal \| Jun. 2 \| Bond Finance \| Economic Development \| Local Finance Program \| Tax Increment Finance (TIF) Bill to Remove Volume Cap from Water PABs Introduced The Bond Buyer \| Jun. 2 \| Bond Finance \| Infrastructure Finance \| Legislative Lancaster's Conestoga Plaza Project Seeks CRIZ Boost LancasterOnline \| May. 30 \| Economic Development \| Local Finance Program \| Tax Increment Finance (TIF) Report: Keys to Successful Public-Private Partnerships Governing \| May. 30 \| Infrastructure Finance \| Public-Private Partnership (P3) Financing \| State Finance Program PA Commonwealth Financing Authority Grants Clean Energy Funds MarketWatch \| May. 29 \| Access to Capital \| Energy Finance \| Green Finance \| State Finance Program PIDA Approves $1.2M Low-interest Loan for PaceMaker Press Area Development \| May. 29 \| Access to Capital \| Economic Development \| State Finance Program Philly Partnerships, Tax Credits Make Senior Housing Happen Philadelphia Inquirer \| May. 29 \| Community Development \| Local Finance Program \| Tax Credits First 12 IMCP Communities Announced Dept. of Commerce \| May. 29 \| Community Development \| Economic Development \| Local Finance Program \| Urban Development \| U.S. Economic Development Administration (EDA) \| U.S. Dept. of Housing & Urban Affairs (HUD) \| U.S. Dept. of Agriculture (USDA) \| U.S. Small Business Administration (SBA) \| U.S. Dept. of Transportation (DOT) \| National Science Foundation (NSF) \| Federal \| U.S. Dept. of Commerce (DOC) \| U.S. Dept. of Defense (DOD) Harrisburg Downtown TIF Assists Facade Restoration The Daily Register \| May. 23 \| Community Development \| Tax Increment Finance (TIF) State Low-Interest Loan to Support New Supplier in Bucks County PA DCED \| May. 23 \| Access to Capital \| Economic Development \| State Finance Program Allentown NIZ Reaches $1B in Proposed Development Morning Call \| May. 19 \| Economic Development \| Local Finance Program \| Tax Increment Finance (TIF) Urban Innovation21 Awards $150K for Small Biz Competition Urban Innovation21 \| May. 16 \| Access to Capital \| Innovation Finance Philly Group Plans Separate BID Inquirer \| May. 15 \| Access to Capital \| Economic Development \| Local Finance Program \| Tax Increment Finance (TIF) Why Are Property Taxes So Unpopular in Many States? Governing \| May. 15 \| Access to Capital \| Infrastructure Finance \| Legislative \| Local Finance Program >>> SEARCH HEADLINES
New Additions to the Online Resource Database
Small Towns, Big Ideas: Case Studies in Small Town Economic Development Access to Capital \| Economic Development \| Local Finance Program \| Public-Private Partnership (P3) Financing \| Redevelopment \| Rural Development The North Carolina Rural Economic Development Center released this report to help small towns create new economic opportunities, learn about successful revitalization strategies, and explore alternative project financing approaches. Improving Infrastructure Through Public Private Partnerships Infrastructure Finance \| Local Finance Program \| Public-Private Partnership (P3) Financing \| State Finance Program \| Federal The Eno Center for Transportation released this report with policy recommendations for making public-private partnerships (P3) an effective means of delivering public infrastructure from the federal and local level. SSBCI Venture Capital Program Best Practices Access to Capital \| Economic Development \| Innovation Finance \| Recommended Practices \| State Finance Program \| U.S. Dept. of Treasury \| Federal This guidebook from SSBCI offers best practices for State Venture Capital Programs to stimulate and support private investment over time. Included are recommendations for program design and implementation. >>> SEARCH ONLINE RESOURCE DATABASE
Sponsors
Venue Sponsor Annual Roundtable Sponsor Conference Supporting Sponsor For information about sponsoring the CDFA Pennsylvania Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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.