In his recent research, Wharton finance professor Michael Schwert uses a novel data set to examine the pricing of bank loans relative to capital market debt. His findings point to firms' willingness to pay for the unique qualities of bank loans and raise questions about the nature of competition in the loan market. 

The HTC-GO legislation addresses the loss in HTC value caused by TCJA by assembling several leading ideas for how to improve and enhance the HTC, including making it easier to complete small deals by increasing the credit from 20% to 30% for projects under $2.5 million; and allowing the credits to be transferred outside the development partnership for small deals.

While the intricacies of public-private partnerships can be tough to navigate, they have been successful in helping cities build the kind of digital infrastructure that's necessary for today's urban economy and society. Ultimately, the sheer scope of many P3-based transformations is the greatest challenge.

The Muffin Mam, Inc. is leveraging a $10 million tax-exempt industrial revenue bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to open a second location for producing wholesale bakery products. The bonds will help finance the company's purchase and equipping of a spec building in the Hunter Industrial Park in Laurens.

NeuroRescue, a medical device company focused on improving outcomes in patients following cardiac arrest with return of spontaneous circulation (ROSC), head trauma, fever in the ICU and stroke, is relocating from Ohio to Lafayette, LA to take advantage of the Oil Center's Opportunity Zone.

Following the closing of a financial package primarily composed of funds from an investor under the new federal Opportunity Zone program, construction crews are starting work on the $23 million Tappan apartments in Cleveland's Tremont neighborhood. About 80% of the project's cost is financed by Opportunity Fund equity.

The first Small Business Emergency Bridge Loan will go to John P. Jordan Farm in Bascom, Jackson County. The Florida Department of Economic Opportunity administers the program along with the Florida Small Business Development Center Network and Florida First Capital Finance Corp.

The FCC has authorized $166.8 million in funding over the next decade to expand broadband to 60,850 unserved rural homes and businesses in 22 states, representing the second wave of support from last year's successful Connect America Fund Phase II auction. Providers must build out to 40% of the assigned homes and businesses in the areas won in a state within three years.

Miami International Airport officials have launched a $5 billion capital improvement plan, which will be financed with bonds and grants from the Transportation Security Administration, Florida Department of Transportation, and Federal Aviation Administration, as well as passenger facility charges.

Buyers of municipal bonds saw the Peach State hit to market with a bevy of bond sales while the Keystone State offered up some turnpike securities ahead of the Federal Reserve's decision to keep interest rates steady.

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