CDFA proudly announces that Jamie Karl has joined our team as Senior Director of Advocacy & Government Affairs. Mr. Karl will be vital in advancing CDFA's national development finance policy agenda. In this role, Mr. Karl will manage legislative and grassroots advocacy, write policy papers, coordinate advocacy events like Capitol Hill Days and policy briefings, oversee CDFA's Advocacy Center, and more. He will help shape CDFA's future direction and support our network of economic development practitioners by remaining at the forefront of development finance. We are so excited to have Mr. Karl join CDFA!

The U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management announced up to $127.5 million in federal funding to support the development of carbon dioxide (CO2) capture, removal, and conversion test centers for cement manufacturing facilities and power plants. Projects selected under this funding opportunity will support testing facilities that will further advance technologies to capture and convert CO2 into products from utility and industrial sources or remove CO2 from the atmosphere.

CDFA was honored to launch the Louisville Metro Government (LMG) Strategic Development Finance Framework we authored for LMG in early August. The plan was presented to community stakeholders in Louisville and is part of LMG's launch of their new economic development organization called LEDA. Our framework will guide their efforts to build development finance capacity and structure. Congratulations to our CDFA authors Toby Rittner, Fawn Zimmerman, and Andres Caro. Contact Fawn Zimmerman at fzimmerman@cdfa.net for inquiries about CDFA Advisory Services.

The Indiana Economic Development Corp. (EDC) plans to ask the state for $50 million to support bonds to finance a new pipeline that would send 25 million gallons of water to its LEAP Lebanon Innovation District and other Boone County developments, supporting the Eli Lilly and Co. manufacturing complex expansion, additional park tenants and new development in the city. If approved, the money would be transferred from the Deal Closing Fund to the Indiana Finance Authority to secure bond financing.

The upcoming Development Finance Data Collection and Measurement session will examine a comprehensive overview of the latest technologies and best practices for gathering financial data and borrower demographics, as well as implementing effective impact measurement systems. Our expert speakers will share insights on selecting the best platforms and software for your equitable lending needs, and how to leverage these tools to enhance lending processes and track impact data efficiently. Don't miss the 30-minute open office hour, where attendees can dive deeper into their specific questions and receive tailored advice from our presenters! Register today!

Lone Star PACE, a leading administrator of Texas' Property Assessed Clean Energy program, announced it facilitated $27 million in retroactive C-PACE financing for the award-winning HALL Arts Hotel in the Dallas Arts District. Financing proceeds will recapitalize previously installed sustainable upgrades that save energy and water, including improvements to the building's envelope, electrical, lighting, HVAC, and plumbing systems.

U.S. Secretary of Commerce Gina Raimondo announced the Department's Economic Development Administration (EDA) is awarding a $2.1 million grant to the Valencia Soil and Water Conservation District in Belen, New Mexico, to support economic resiliency efforts in agriculture and ecotourism following wildfires in 2023. This grant will support construction of an operations and economic development building to help bolster the local economy. This EDA investment will be matched with $634,150 in local funds and is expected to create 9 jobs and generate $400,000 in private investment.

Ohio is spending hundreds of millions of dollars to turn sites that used to be considered hazardous into bustling new attractions. Since 2021, the state has distributed $450 million for 374 projects across nearly every county in Ohio. The latest addition, The Little Grand Market, is a new food hall in Columbus that's home to a dozen restaurants and bars. 

The Council of Development Finance Agencies seeks a motivated, well-organized, and energetic individual to fill the position of Coordinator, Knowledge & Networks. This position is responsible for assisting with CDFA's research projects, resource collection, information sharing, newsletter publications, headlines review, and educational efforts. This is an exciting opportunity for an enthusiastic person to contribute to a great organization, working to create economic prosperity across the country. This position is located in Columbus, OH.

The Council of Development Finance Agencies seeks a motivated, well-organized, and energetic individual to fill the position of Finance Director. This position is responsible for delivering on CDFA's accounting, budgeting, banking, and fiduciary operations. The Finance Director is a proven accounting and financial management expert.

The City of St. Cloud (CITY) and the St. Cloud Community Redevelopment Agency (CRA) are inviting proposals from qualified and experienced respondents for the purchase/lease and development of a City-owned property as part of a Public & Private Partnership (P3). The parcel, referred to as the "Downtown Site 1", is prominently located in the downtown area of the City of St. Cloud. The purpose of the project is to promote revitalization and to serve as a catalyst to stimulate additional development in the City's downtown area.

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