CDFA Texas Financing Roundtable Newsletter - February 2015

CDFA Texas Financing Roundtable Newsletter - February 2015
February 25, 2015



Feature
Texas Natural Gas Grants Totaling $53M According to USA Today, three State grants supported the construction of new natural gas fueling stations and the adoption of natural gas vehicles. The UTSA Institute for Economic Development released a study showing that the grants generated $128 million in economic impact and supported 927 full-time jobs. TX Approves Addison Oil and Gas Crowdfunding Platform Crudefunders Portal Texas LLC, received approval to allow non-accredited investors the chance to fund up to $5,000 in oil and gas projects. According to Dallas Business Journal, the Crudefunders website also has resources intended to help investors make informed decisions. $240M Redevelopment Gets Nod for TIF Amendment According to the Dallas Business Journal, a $240 million redevelopment of a 52-story vacant skyscraper received approval on modifications to its tax increment financing requirements. Texas Rural Made As a part of the USDA's commitment to strengthening rural economies, a state-by-state "Made in Rural America" report has been released for each state. Each state's factsheet highlights specific USDA investments in rural businesses, manufacturing, energy, water, and other infrastructure development. Comptroller Hegar Distributes $873M in Sales Tax Revenue The Texas Comptroller of Public Accounts issued a press release stating that state sales tax revenue in February was up 8.9 percent compared to last year. Comptroller Hegar will send cities, counties, transit systems and special purpose taxing districts their tax allocations totaling $873.1 million. Governor Abbott Announces Restructuring in Economic Development Division The Governor's Office announced to increase the agency's focus on economic development and job creation. Governor Abbott formally announced that Bryan Daniel has been appointed Director of Economic Development and Tourism.
Upcoming Events
2015 CDFA Texas Webinar: Exploring IDBs in Texas March 11, 2015 Join the CDFA Texas Financing Roundtable in partnership with TEDC, for this webinar on "Exploring IDBs in Texas," in which experts will share basics of IDBs, cases studies and considerations for using this valuable tool in Texas. 2015 CDFA Texas Conference April 23, 2015 Join CDFA for the second annual Texas Financing Roundtable Conference on April 23, 2015. This one-day event will feature economic development finance experts and leaders from around the state discussing innovative development finance tools and projects, emerging resources and approaches, and how these methods can catalyze investment in the Texas economy.
Texas News
iFOS Awarded EPA Grant Monitoring and Technical Assistance 5-Year Contract PR Newswire \| Feb. 24 \| Brownfield Financing \| U.S. Environmental Protection Agency (EPA) TX Leads Southwest Volume Growth of 1.9% to $28.89B The Bond Buyer \| Feb. 24 \| Bond Finance City of Austin Selected for Equitable Development Grant From EPA Statesman \| Feb. 21 \| Access to Capital \| Brownfield Financing \| U.S. Environmental Protection Agency (EPA) Developer Gets Go-Ahead with TIF Funds for $56M Project Dallas Business Journal \| Feb. 21 \| Access to Capital \| Brownfield Financing \| Tax Increment Finance (TIF) TX Jail Bonds Keep Tax-Exempt Status The Bond Buyer \| Feb. 21 \| Bond Finance Investing in Manufacturing Community Partnership (IMCP) Application Strategy Session CDFA \| Feb. 20 \| Federal Obama Proposes Higher Funding for Brownfields Smart Growth America \| Feb. 20 \| Access to Capital \| Brownfield Financing \| Legislative CDFA Announces Brownfields Financing Toolkit CDFA \| Feb. 19 \| Brownfield Financing \| CDFA Original Research TX Gov. to Lower Debt, Raise Highway Funding, Cut Taxes The Bond Buyer \| Feb. 18 \| Economic Development \| Infrastructure Finance CDFI Fund Seeks Public Comment on Program, NACA Application U.S. Treasury \| Feb. 13 \| Access to Capital \| Community Development \| U.S. Dept. of Treasury CDFI Fund IRS Announces QZAB Allocations The Bond Buyer \| Feb. 11 \| Bond Finance \| Economic Development \| Internal Revenue Service (IRS) \| Federal USDA Designates Natural Disaster Areas and Assistance USDA \| Feb. 11 \| Rural Development \| U.S. Dept. of Agriculture (USDA) Opportunity Austin Targets Space Economy Austin Chamber \| Feb. 11 \| Economic Development \| Local Finance Program USDA Designated Drought Area Eligible for Assistance Farm Futures \| Feb. 10 \| Rural Development \| U.S. Dept. of Agriculture (USDA) CDFA, Yale Clean Energy Finance Forum Launches New Program CDFA \| Feb. 10 \| CDFA Original Research \| Energy Finance \| Member News \| Webcasts Administration's Budget Would Permanently Extend NMTC Novogradac & Co. \| Feb. 4 \| Community Development \| Tax Credits \| U.S. Dept. of Treasury \| Federal IRS to Allocate Nearly $1.4B in New CREBs Volume Cap McGuireWoods \| Feb. 4 \| Bond Finance \| Energy Finance \| Member News \| Internal Revenue Service (IRS) \| Federal Annual Upgrades Exceeded Downgrades for Public Finance in 2014, Reversing 5-Year Trend Fitch Ratings \| Jan. 29 \| Bond Finance 2014 Year in Review: SEC Municipal Market Enforcement Ballard Spahr \| Jan. 29 \| Bond Finance \| Member News \| U.S. Securities and Exchange Commission (SEC) >>> SEARCH HEADLINES
Sponsors
Roundtable Partner Conference Supporting Sponsor For information about sponsoring the CDFA Texas 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.