CDFA is accepting session submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.

Pennsylvania's business-friendly tax incentive programs cost the state upwards of $700 million per year, and officials need to do a better job of tracking where those investments go, according to a new report. Tax incentives are a common tool used by the Keystone State and others to attract new businesses and jobs.

Allentown Neighborhood Improvement Zone Development Authority has approved the refinancing of upto $250 million in bonds for a developer. Toby Rittner, president & CEO of CDFA, commended the NIZ-fueled development downtown, but was skeptical that tax-exempt financing could be used for the next project.

Requests include $30 million for downtown revitalization and $20 million for various projects that would strengthen and stabilize inner-city neighborhoods. The funding will be used to support the recommendations laid out in the city's comprehensive development plan, Erie Refocused.

Governor Tom Wolf  announced the investment of $39 million for 12 drinking water, wastewater, storm water, and non-point source projects across nine counties through the Pennsylvania Infrastructure Investment Authority (PENNVEST).

Development of the Easton Arts Academy Elementary Charter School is getting a $5 million boost from NMTC's secured by the Lancaster-based Community First Fund. The Community First Fund secured $45 million in tax credits from the program this year.

2016 was a banner year for economic development in Pennsylvania. The Governor's Action Team (GAT) successfully completed 77 projects for companies who accepted financial assistance offers from the state. These companies pledged to create nearly 12,093 new jobs, retain nearly 24,754 jobs, and invest more than $7.8 billion in Pennsylvania.

The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

This year's allocation of New Markets Tax Credits is now open for applications, and CDFA is here to help guide you through the process before the June 21st deadline. Tune into this webinar to hear a panel of expert speakers discuss the tips and tricks that they have learned through many years of working with this program. We'll review basic application instructions and consider elements of previously successful applications along with an interactive Q&A between the panel and participants. Don't miss this opportunity to hear the insiders' perspectives before you submit your application.

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