The Inflation Reduction Act of 2022, passed by the US Senate on August 7, 2022, will dramatically affect a range of climate change, healthcare, prescription drug pricing, and tax matters. With an investment of more than $400 billion in spending, the act is expected to bring in more than $700 billion in revenue.

Join CDFA on September 14, 2022, in Columbus, Ohio for a one-day conference to share best practices within the development finance industry. Experts from across the state will discuss the latest and most innovative development finance tools, authorities, resources, and approaches, and how these can affect the Ohio economy going forward. If you have a stake in Ohio's economic development finance industry, you won't want to miss this event. Space is limited, register today!

Alaska will receive at least $100 million through a new federal program to expand high-speed internet to underserved rural areas and promote workforce development. U.S. Sen. Dan Sullivan, an Alaska Republican, coordinated a summit with state, federal, and tribal officials in Anchorage, in an effort to ensure parties were on the same page moving forward.

"Grow Maine" initiative through the Finance Authority of Maine will offer Maine entrepreneurs greater financing options to sustain or expand their business. Funding will be available through FAME and its intermediary partners via loan guarantees, direct loans, and equity capital. Loans up to $5 million will be available (not to exceed $20 million per project) and interest rates will be set by the participating lending institution.

U.S. Senators Jeanne Shaheen and Maggie Hassan and Representatives Annie Kuster and Chris Pappas applauded $6,164,000 heading to Newport to upgrade its wastewater treatment facility that serves nearly 2,000 people. This project is essential to stem pollution that could pose health risks to the town and communities downstream along the Sugar River.

Coastal Bend Opportunity Zone Fund is holding an opportunity zone conference and bus tour on August 6 and 7. This event is dedicated to regional Opportunity Zone Stakeholders and is focused on how investors and our community can benefit from Opportunity Zones.

The California Association for Local Economic Development (CALED) is proud to release the Economic Development Recovery & Resiliency Playbook, created in partnership with the Economic Development Administration (EDA). This Playbook is designed to help public-sector leaders think through economic development issues and focus on resiliency and recovery in a proactive way.

The Environmental Protection Agency (EPA) has granted the City of Tucson $1 million through a Brownfields Cleanup Revolving Loan Fund. This will allow the city to provide six loans and two subgrants, which would revolve back into a fund supporting future Brownfields cleanups.

The comprehensive legislation would end federal cannabis prohibition by removing cannabis from the Controlled Substances Act. It empowers states to create their own cannabis laws, ensures federal regulation protects public health and safety, and prioritizes restorative and economic justice.

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