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CDFA Missouri Financing Roundtable Newsletter - May 2016

CDFA Missouri Financing Roundtable Newsletter - May 2016
May 18, 2016
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CDFA Missouri Financing Roundtable Newsletter

Feature

Legislature Passes New Restrictions on TIF Incentives in St. Louis, MO
 New legislation passed restricting the use of revenue diverted to TIF projects to be used only for demolition related purposes. The changes would apply only if other affected governments recommends that the project be denied TIF benefits and in St. Louis, St. Charles and Jefferson counties.

Set the PACE St. Louis Helps Breathe New Life into Abandoned Buildings
Set the PACE St. Louis, the Property Assessed Clean Energy (PACE) program for the City of St. Louis, has closed financing for two redevelopments in the Central West End and Soulard neighborhoods.

KC Agency Supports YMCA/Clinic Project, New England Building Conversion
A $15 million plan to expand the Linwood Family YMCA and build an adjacent primary care clinic received a boost during a meeting of the Land Clearance for Redevelopment Authority board.

The Fight for Jobs Intensifies Between KA and MO
In major metropolitan areas, using tax incentives to lure businesses from one part of the region to another can sometimes seem like a big family fight. Nowhere does this chess match seem more futile than in Kansas City, which sits in both Kansas and Missouri.

MO Legislature Passes Grant to Attract Conventions
The Legislature has passed a grant program aimed at attracting conventions to Missouri. The House voted 111-43 to create a $3 million-a-year fund to help cover the costs of large conventions. The grants cover up to half of a convention's expenses or $1 million, whichever is less.

Upcoming Events

Intro Incentives WebCourse
June 15-16, 2016 - Daily: 12-5pm (Eastern)
This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

Missouri News

TIF Commission Moves Forward With Downtown Kirksville Revitalization Project
Kirksville Daily Express | May. 16 | Tax Increment Finance (TIF)

LMI Aerospace to Expand MO Facility, Expects to Create 60 Jobs
Missouri Department of Economic Development | May. 12 | Incentives

April 2016 Tax Credits & Incentives Update
Horwood Marcus & Berk | May. 12 | Incentives | Legislative | Tax Credits


Sponsors

Roundtable Partner

Missouri Economic Development Financing Association

Conference Premium Sponsor

Kutak Rock LLP Peckham Guyton Albers & Viets, Inc.

Conference Supporting Sponsor

Lewis Rice UMB Bank White Goss

For information about sponsoring the CDFA Missouri Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

Job Postings

RFQ: Economic Incentives - City of Kansas City, MO


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.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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