CDFA Michigan Financing Roundtable Newsletter - May 2014

CDFA Michigan Financing Roundtable Newsletter - May 2014
May 14, 2014



Feature
Michigan's Venture Capital Growth Outpacing National Trend As reported by Fort Mill Times, Michigan's venture capital community has been outpacing the national venture capital trend during the last five years, according to an annual report released by Michigan Venture Capital Association. Congressional Members Introduce New SSBCI Bill Senate and House members introduced the Small Business Access to Capital Act, which would re-authorize Treasury's SSBCI program. The bill will provide a new $1.5B in funding for small business access to capital programs. Detroit Bonds Lead Seven Moody's-Rated Municipal Defaults in '13 Bloomberg reports on the trends of governments who fail to pay their GOs, how that trend indicates the recovery, and how Detroit is truly an outlier. Michigan Creates $6.8M Fund for Tech Startups Small Business Trends covers this story of the Michigan Pre-Seed Fund 2.0, a continuation of MEDC's effort to help innovative companies mature into viability and attract their own capital. Right Place Brings $300K MEDC Manufacturing Grant MLive presents the story of The Right Place Inc., which announced three business expansions that promise to bring 446 new jobs and $52.1M in new investment to West Michigan over the next four years.
Upcoming Events
2014 CDFA Michigan Financing Roundtable Conference October 1 - Detroit, MI The CDFA Michigan Financing Roundtable will hold its fourth annual conference on October 1, 2014, titled "Driving Innovation and Economic Development through Public-Private Partnerships." This one-day event will focus on new efforts in development finance and how creative partnerships, tools and resources are driving innovation and economic development in Michigan. The conference will feature economic development finance experts and leaders from around the state.
Michigan News
Grand Rapids Voters Approve Tax to Fix Roads Crain's Detroit \| May. 13 \| Access to Capital \| Infrastructure Finance \| Legislative \| Local Finance Program Business Report Reveals Lakeshore Industry Strengths Grand Rapids Business Journal \| May. 13 \| Economic Development \| Local Finance Program Ohio, Michigan Issuers to Redeem BABs Next Month Bond Buyer \| May. 12 \| Bond Finance \| Infrastructure Finance Investors Look to Less-Known Michigan, Illinois Bonds Bond Buyer \| May. 12 \| Access to Capital \| Bond Finance \| Economic Development \| Local Finance Program Fitch Affirms Various Kalamazoo, MI Ratings; Outlook Negative InsuranceNewsNet \| May. 9 \| Bond Finance North Huron, Ubly Pass Bonds Huron County View \| May. 9 \| Bond Finance \| Infrastructure Finance \| Local Finance Program Senate to Vote on 6-Year Transportation Bill The Bond Buyer \| May. 9 \| Infrastructure Finance \| Legislative \| U.S. Dept. of Transportation (DOT) \| Federal Several Multi-Million Dollar Bond Proposals Pass WOOD TV \| May. 8 \| Bond Finance \| Infrastructure Finance \| Local Finance Program EB-5 Funding Booms for Senior Living Development Senior Housing News \| May. 7 \| Access to Capital \| EB-5 Visa \| U.S. Citizenship and Immigration Services (USCIS) Michigan Tech to Partner in ALMMII Michigan Technological University \| May. 6 \| Innovation Finance \| Public-Private Partnership (P3) Financing \| State Finance Program \| Federal Two Reports Detail Highway Trust Fund Problems The Bond Buyer \| May. 6 \| Access to Capital \| Bond Finance \| Infrastructure Finance \| Legislative \| U.S. Dept. of Transportation (DOT) \| Federal >>> SEARCH HEADLINES
New Additions to the Online Resource Database
Lean & Green Michigan Approach to Property Assessed Clean Energy Access to Capital \| Economic Development \| Energy Finance \| Green Finance \| Local Finance Program \| State Finance Program This presentation from Lean & Green Michigan gives a short overview of how PACE can be an innovative way to help businesses save money, create jobs, and grow the tax base. Redeveloping Commercial Vacant Properties in Legacy Cities Access to Capital \| Brownfield Financing \| Economic Development \| Redevelopment \| Urban Development Greater Ohio Policy Center designed this guidebook as a manual for local leaders working to redevelop vacant commercial property. The report identifies best practices and policies focused on economic regrowth strategies. Business Improvement District Factsheet Access to Capital \| Economic Development \| Local Finance Program \| State Finance Program \| Tax Increment Finance (TIF) A Business Improvement District (BID) or a Principal Shopping District (PSD) allows a municipality to collect revenues, levy special assessments and issue bonds in order to address the maintenance, security and operation of that district. This fact sheet provides a summary of the program. >>> SEARCH ONLINE RESOURCE DATABASE
Sponsors
Annual Roundtable Sponsor Conference Premium Sponsor For information about sponsoring the CDFA Michigan 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.