Development Finance Review Weekly - November 7, 2024
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Features |
Join Us in Baltimore for the CDFA National Development Finance Summit!
Time is running out to register for the 2024 CDFA National Development Finance Summit! Join us this November in Baltimore for three days of face-to-face engagement with the brightest minds in development finance from across the nation. Thought leaders, dealmakers, consultants, lenders – they'll all be here. You'll leave with more knowledge, resources, connections, and inspiration. Reserve your seat at this once-a-year opportunity to engage with the best and brightest in the development finance industry. Register today!
Bond Yields and Bitcoin Surge as Trump Wins U.S. Election
Stock prices, bond yields, and bitcoin surged as voters returned former President Donald Trump to the White House and the Republican party gained control of the Senate. Investors expect Trump's victory to lead to faster economic growth and more market-friendly policies. The price jumped nearly 8% to a record $75,345.00, as investors bet on a win for Trump, who has pledged support for cryptocurrencies. It later fell back to $74,525.00. Bond yields also surged, with the yield on the 10-year Treasury climbing to 4.4% from 4.28%.
CDFA's Intro Federal Finance WebCourse Returns!
Register for CDFA's Intro Federal Finance WebCourse taking place on December 9-10 to learn the federal funding resources available to help advance economic development. Our panel of expert speakers will discuss how federal support tools can work in coordination with other development finance tools for programs and projects on the local level.
USDA Announces $33.5M in Grant Awards to Expand Local and Regional Food Systems
The U.S. Department of Agriculture's (USDA) Agricultural Marketing Service awarded over $33.5 million for 113 grant projects in 43 states and territories to expand and strengthen local and regional food systems and increase the availability of locally grown agricultural products. The funding will be distributed through the Local Agriculture Market Program's (LAMP) Farmers Market and Local Food Promotion Programs (FMLFPP) and the Regional Food System Partnerships (RFSP) grant program.
Washington State Department of Commerce Awards Nearly $40M to Support Equitable Economic Development
The Washington State Department of Commerce announced $39.8 million in grants to 19 organizations and institutions that provide financial support to communities through the Community Reinvestment Project (CRP). The CRP is a community-designed plan to uplift those disproportionately harmed by the war on drugs. The aim is to advance equitable economic development by helping target communities acquire and secure assets and work together to achieve goals.
Support Available for Indigenous Minnesota Entrepreneurs, Businesses
A lending and technical support program for area indigenous entrepreneurs and businesses was announced recently by Duluth-based Northspan. Northspan's program, Driving Access to Wealth Networks, will now provide support for the State Small Business Credit Initiative and is accepting applications from members and first descendants of Boise Forte Band of Chippewa, Fond du Lac Band of Lake Superior Chippewa, and Grand Portage Band of Lake Superior Chippewa.
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Upcoming Events |

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Upcoming Webcasts |
CDFA // BNY Development Finance Webcast Series: Bond Financing for Manufacturers & Non-Profits
November 19, 2024 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will tap into the core principles of tax-exempt financing for manufacturers and 501(c)(3) organizations, covering key aspects such as eligible issuers, assets, and projects, private business use test, and best practices.
CDFA-TEDC Webinar: Driving Economic Development Through Revolving Loan Funds
November 20, 2024 - 10:30 AM - 12:00 PM CT
During this installment of the CDFA-TEDC Webinar, speakers will explore the mechanics of RLFs, successful case studies, and best practices for leveraging these funds to foster growth and development.
CDFA Food Systems Finance Webinar Series: Reframe, Build, Plan to Advance Food Systems Finance
November 26, 2024 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Food Systems Finance Webinar Series, CDFA will present this customizable framework and illustrate how it can expand financing and drive capital into local food systems. Speakers will explore how this strategy can help focus resources toward socially disadvantaged farmers, ranchers, and small business owners across the food system.
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Job & RFP Postings |
Children's Funding Project - Manager or Senior Manager, Emerging Funding Strategies
The Manager or Senior Manager, Emerging Funding Strategies (EFS) leads and grows Children's Funding Project's efforts to identify local economic development opportunities and other innovative strategies to finance child and youth programs and services. The Manager/Senior Manager is expected to 1) develop, field test, and refine EFS-related research, methodologies, tools, and advisory services; 2) successfully implement current EFS projects; and 3) track, document, and elevate success stories from past EFS projects. This full-time, exempt position reports to the Vice President for Strategy and Advocacy. Some travel is required.
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This Week's Headlines |
Abbott Announces Small Business Credit Initiative Program Lenders
East Texas News | Nov. 6 | Access to Capital | State Finance Program | State Small Business Credit Initiative (SSBCI)
Ashland, OR, to Issue Revenue Bonds to Finance Construction of Water Treatment Plant
Daily Tidings | Nov. 6 | Bond Finance | Community Development | Economic Development | Infrastructure Finance | Water Finance
Washington, D.C., Now Offering Home Energy Rebates
achrnews.com/ | Nov. 5 | Energy Finance | Federal
$47M Federal Grant for Mercer to Replace Lincoln Avenue Bridge in Trenton, NJ
Trenton Daily | Nov. 5 | Economic Development | Federal | U.S. Dept. of Transportation (DOT)
Charleston, SC, City Council Passes Measure to Establish TIF District at Union Pier
ABC 4 News | Nov. 4 | Community Development | Economic Development | Tax Increment Finance (TIF)
Insilico Medicine Enters into Revolving Loan Facility of Up to $100M With HSBC
EurekAlert | Nov. 4 | Access to Capital | Revolving Loan Funds (RLFs)
Ruston City Council, Lincoln Parish School Board Meetings to Determine Direction for Bond-Funded Projects
Lincoln Parish Journal | Nov. 4 | Bond Finance | Community Development | Economic Development | Education
SBDC-OC's First Climate Tech Deal Rides a Wave Into the Future
Los Angeles Times | Nov. 3 | Access to Capital | Energy Finance | State Small Business Credit Initiative (SSBCI)
Challenges to Financing and Building Enough Affordable Housing Units in Arizona
Phoenix Business Journal | Nov. 1 | Bond Finance | Community Development | Economic Development | Housing Finance | Tax Credits
Rutland, VT, Explores TIF District to Expand Housing
WCAX | Nov. 1 | Community Development | Housing Finance | Tax Increment Finance (TIF)
USDA and Reinvestment Fund Invest Nearly $6M to Increase Equitable Access to Healthy Foods Across Country
USDA | Nov. 1 | Access to Capital | Federal | Food Systems Finance | Social Finance | U.S. Dept. of Agriculture (USDA)
$77M Bond Measure to Address Overcrowding, Infrastructure Needs in California's Santa Maria-Bonita District
Santa Maria Times | Nov. 1 | Bond Finance | Community Development | Economic Development | Education | Infrastructure Finance
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National Sponsor Spotlight |
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Kutak Rock LLP
Kutak Rock LLP is a national law firm of more than 500 lawyers with offices from coast to coast. Their firm serves local, regional, and national clients in a practice that spans a wide range of disciplines. They encourage their attorneys to take...
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McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP uses client-focused teams to serve public, private, government, and nonprofit clients from virtually every area of the law. To complement their services, they offer...
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CDFA Bookstore |
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Bond Finance Reference Guide
This Bond Finance Reference Guide combines the Intro and Advanced Bond Guides to offer a comprehensive resource on the nation's most fundamental development finance tool.
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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