CDFA Michigan Financing Roundtable Newsletter - June 2014

CDFA Michigan Financing Roundtable Newsletter - June 2014
June 11, 2014



Feature
Tax Increment Financing: Tweaking TIF for the 21st Century This informative Urban Land Institute (ULI) piece, featuring CDFA President & CEO Toby Rittner and several CDFA members, explores the transformative use of tax increment finance across the country and the reemergence of this tool as key development driver post-recession. Overviews of Chicago, Atlanta and the California story demonstrate the evolving and comprehensive ability of TIF to drive economic development and community transformation. Treasury Announces $3.5B in NMTC Awards This Award Book provides an overview of the CDEs awarded in the 2013 round of New Markets Tax Credits from the CDFI Fund, including from Michigan: CapFund New Markets and Invest Detroit. CDFA Announces Scholarship Program Interested in attending an upcoming CDFA event? Check out our new CDFA Scholarship Program to see if you qualify for assistance in attending State Roundtables, the National Development Finance Summit, or CDFA Training Institute courses. Michigan Municipal Market Update This monthly Market Update from Hilliard Lyons provides commentary on a credit rally seen across Michigan, marked by falling rates and leading to the state's trading recovery.
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
Michigan Awards $2M for 3 Brownfield Projects Seattle P-I \| Jun. 10 \| Brownfield Financing \| Redevelopment \| State Finance Program $6.8M Michigan Pre-Seed Fund 2.0 Invites Tech Start-Ups Digital Journal \| Jun. 10 \| Access to Capital \| Innovation Finance \| Member News \| State Finance Program Michigan SHPO Awards Historic Preservation Grants MSHDA \| Jun. 9 \| Community Development \| Redevelopment \| State Finance Program News Briefs: State Tax Credits News Novogradac & Co. \| Jun. 5 \| State Finance Program \| Tax Credits Fitch Maintains Watch Negative on Detroit Water & Sewer Revs MarketWatch \| Jun. 3 \| Bond Finance Grocery Store Expands with $830K State Grant in Detroit The Republic \| Jun. 2 \| Community Development \| Food Systems Finance \| State Finance Program $1M Prizes for 2014 Accelerate Michigan Innovation Competition Business Wire \| May. 30 \| Innovation Finance \| State Finance Program Tax-Exempt Bonds Brings Recycling, Over 200 Jobs to Detroit Detroit News \| May. 29 \| Access to Capital \| Bond Finance \| Green Finance \| Infrastructure Finance \| Local Finance Program Michigan May Get Rid of Personal Property Tax Governing \| May. 29 \| Legislative \| Local Finance Program Michigan Strategic Fund Offers Grant, TIF and Tax Abatements The Detroit News \| May. 29 \| Brownfield Financing \| Economic Development \| State Finance Program \| Tax Increment Finance (TIF) \| Tax Abatements First 12 IMCP Communities Announced Dept. of Commerce \| May. 29 \| Community Development \| Economic Development \| Local Finance Program \| Urban Development \| U.S. Economic Development Administration (EDA) \| U.S. Dept. of Housing & Urban Affairs (HUD) \| U.S. Dept. of Agriculture (USDA) \| U.S. Small Business Administration (SBA) \| U.S. Dept. of Transportation (DOT) \| National Science Foundation (NSF) \| Federal \| U.S. Dept. of Commerce (DOC) \| U.S. Dept. of Defense (DOD) MI Faces a Property Tax Decision on Statewide Ballot Governing \| May. 28 \| Access to Capital \| Legislative \| State Finance Program Report Gives Detroit an Estimate to Fix Its Blight Problem Governing \| May. 28 \| Access to Capital \| Economic Development \| Local Finance Program \| Redevelopment \| Urban Development S&P Upgrades Washtenaw County Bond Rating Ann Arbor Chronicle \| May. 23 \| Bond Finance Ann Arbor SPARK Reports $148M in 2013 Investments, 1509 Jobs Digital Journal \| May. 22 \| Access to Capital \| Innovation Finance \| Local Finance Program Chase Commits $100M for Detroit Recovery Wall Street Journal \| May. 22 \| Community Development \| Economic Development \| Foundations \| Redevelopment PACE is Picking Up for Michigan Efficiency Program Midwest Energy News \| May. 21 \| Access to Capital \| Energy Finance \| Green Finance \| Local Finance Program \| State Finance Program Main Street Program Provides Boost for MI Communities Digital Journal \| May. 21 \| Community Development \| Redevelopment \| State Finance Program \| Urban Development Preservation as an Economic Engine: Stephanie Meeks in Detroit MLive \| May. 21 \| Redevelopment \| State Finance Program \| Tax Credits Marquette Food Co-op Gets MEDC Grant to Expand Second Wave \| May. 15 \| Food Systems Finance \| Rural Development \| State Finance Program \| Tax Abatements MI's Tax Credit Program Short on Job Projection Outcomes Michigan Center for Public Policy \| May. 15 \| Economic Development \| State Finance Program \| Tax Credits Detroit Revenue Bond, COP Holders Object to Bankruptcy Exit Plan Bond Buyer \| May. 14 \| Bond Finance >>> SEARCH HEADLINES
New Additions to the Online Resource Database
Small Towns, Big Ideas: Case Studies in Small Town Economic Development Access to Capital \| Economic Development \| Local Finance Program \| Public-Private Partnership (P3) Financing \| Redevelopment \| Rural Development The North Carolina Rural Economic Development Center released this report to help small towns create new economic opportunities, learn about successful revitalization strategies, and explore alternative project financing approaches. Improving Infrastructure Through Public Private Partnerships Infrastructure Finance \| Local Finance Program \| Public-Private Partnership (P3) Financing \| State Finance Program \| Federal The Eno Center for Transportation released this report with policy recommendations for making public-private partnerships (P3) an effective means of delivering public infrastructure from the federal and local level. SSBCI Venture Capital Program Best Practices Access to Capital \| Economic Development \| Innovation Finance \| Recommended Practices \| State Finance Program \| U.S. Dept. of Treasury \| Federal This guidebook from SSBCI offers best practices for State Venture Capital Programs to stimulate and support private investment over time. Included are recommendations for program design and implementation. >>> 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.