House Democrats today unveiled a $3 trillion COVID-19 relief bill, their proposal for "Phase 4" of pandemic relief legislation. The HEROES Act would provide nearly $1 trillion to state and local governments to avert layoffs and $200 billion in hazard pay for essential workers. It also includes $1,200 direct payments to individuals.

Applications are now being accepted for EDA CARES Act Recovery Assistance. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau's flexible Economic Adjustment Assistance (EAA) program, provides a wide range of financial assistance to communities and regions as they respond to and recover from the impacts of the pandemic.

We are proud to announce that Patty Huddle will be joining the Columbus-Franklin County Finance Authority team as the Vice President starting May 26th. With more than 20 years in the economic development arena, she brings a wide range of experience, skills, and knowledge to the Finance Authority.

East Providence, Rhode Island, had its credit rating raised last week by Moody's Investors Service to A1, its fifth-highest investment grade. The upgrade marked the continuing recovery of a city that was put under financial supervision by the state in 2011 after years of budget deficits and underfunded pensions.

The overall theme will be an exploration of the acute vulnerability LICs are facing and the opportunity for the community development industry to come together to work towards a better tomorrow. With legislation in play and greater sensitivity to the need to build infrastructure, we will explore what a brighter future might look like. Healthcare, education, and the food economy are asset classes to re-explore. Workforce development, data analytics, and sources of leverage will be among the subject matter.

When the federal government relaunched its small business aid program on April 27 with an additional $310 billion, lenders and business advocates warned the money would dry up within a few days. Nearly two weeks later, about 40% of the money remains available, according to figures released by the Small Business Administration, even as small businesses continue to suffer from the fallout of the coronavirus pandemic.

Butler Snow attorney Tray Hairston was recently interviewed on the Next Move Group's We Are Jobs Podcast by Chad Chancellor. The two discuss how healthcare is an economic driver and what state and local economic developers should do with incentive agreements during the COVID-19 crisis.

The EPA announced that 151 communities were selected to receive 155 grants totaling $65.6 million in EPA Brownfields funding through our Assessment, Revolving Loan Fund, and Cleanup (ARC) Grants to assess, clean up and redevelop underutilized properties while protecting public health and the environment.

CDFA // BNY Mellon Development Finance Webcast Series: Historic Preservation Financing
Tuesday, May 19, 2020 - 1:00 PM Eastern

CDFA Food Systems Finance Webinar Series: The Landscape of Food Systems Finance
Thursday, May 28, 2020 - 2:00 PM Eastern

The Council of Development Finance Agencies seeks a motivated, well-organized, and energetic individual to fill the position of Coordinator, Development. The Development Coordinator is responsible for the management of CDFA's extensive internal database systems, as well as membership and sponsorship support.

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