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CDFA New York/New Jersey Financing Roundtable Newsletter - February 2014

CDFA New York/New Jersey Financing Roundtable Newsletter - February 2014
February 26, 2014
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

NY Green Bank Offers New Opportunities
The NY Green Bank will be the catalyst for significantly accelerating the flow of private capital to energy efficiency and renewable energy projects. The NY Green Bank will leverage its funds by investing alongside private outside capital to lower the costs of renewable energy investment.

Rochester Isn't Using Historic Tax Credit...Why?
This article explores Rochester's growing use of the historic tax credit, which lags quite a bit behind places like Buffalo, Albany and Syracuse. Some historic renovations are even taking place without tapping the 40% tax credit.

Tide Has Turned for Economic Development in Camden
State Sen. Donald Norcross says Camden is landing two major new employers, all thanks to the New Jersey Economic Opportunity Act of 2013. The bill is credited with bringing the state into the competitive ring beside the Philadelphia and New York markets.

NYC Offers Bridge Loan Fund to Aid Small Contractors
A new alternative stream of private financing will allow fledgling construction firms to get started on jobs they win from the city. Additionally, in a new $3.5 million loan program that the Department of Small Business Services is releasing, companies will have an alternative short-term financing source, allowing them to get to work faster and continue to grow in a challenging lending environment.

Rutgers Calls on Business Leaders, State to Advance Economic Opportunities
Rutgers University's new strategic plan is striking a chord with state business leaders by emphasizing future success will demand active outreach and cooperation with business communities to employ students and translate products of research into practice.

Study Finds Dramatic Economic Impact of EB-5 Program
A new economic impact study commissioned by the Association to Invest in the USA (IIUSA) finds that the U.S. EB-5 immigrant investor visa program contributed $3.39 billion to U.S. GDP and supported over 42,000 U.S. jobs during fiscal year 2012. This is more than a 2-fold increase from the average annual impact result reported in 2011.

New York/New Jersey News

Waddington Hopes to Install Solar Panels Before Costs Rise
Johnson Newspaper | Feb. 24 | Energy Finance | Green Finance | Infrastructure Finance

State's Clean Power Financing Effort Turns to Private Sector for Funds
Times Union | Feb. 24 |

Steel Producer Plans Move to Mineola
The Island Now | Feb. 21 | Economic Development | Member News | Tax Credits

New Loan Program Opens for NYS Contractors
Long Island Newsday | Feb. 21 | Access to Capital | Member News | State Finance Program

NY Economic Development Projects get $5.9M from State
Economic Development HQ | Feb. 21 | Economic Development | State Finance Program

Common Themes in the 2014 State of the State Addresses
Governing | Feb. 20 | Economic Development | State Finance Program

NY's Green Bank to Support Private Clean Energy Projects
The Green Optimistic | Feb. 20 | Access to Capital | Bond Finance | Energy Finance | Green Finance | State Finance Program

Sen. Schumer to Help Glens Falls Secure $700K Brownfield Grant
Denton Publications | Feb. 20 | Brownfield Financing | Redevelopment

Canandaigua City Council Approves Tax Relief for North Shore Project
MPNnow | Feb. 17 | Legislative | Local Finance Program | Tax Increment Finance (TIF)

Governor Cuomo Announces NY Green Bank Is Open for Business
Governor Andrew M. Cuomo | Feb. 13 | Bond Finance | Energy Finance | Green Finance | Infrastructure Finance | State Finance Program

IDA Approves Tax-Exempt Bonds for Assisted Living Facility
New York Real Estate Journal | Feb. 12 | Bond Finance | Infrastructure Finance | Local Finance Program | Tax Abatements


New Additions to the Online Resource Database

NYC Commercial Real Estate Competitiveness Study
Economic Development
This study commissioned by the New York City Economic Development Corporation considers how the new generation of high-growth industries could impact the NYC office market through 2025, and whether the city's existing and future supply of office space is likely to meet projected demand. This study is intended to advance the public understanding of the importance of a commercial office space stock that is affordable and attractive to the firms that will drive future job growth.

Assessing the Landscape of Local Food in Appalachia
Access to Capital | Food Systems Finance | Innovation Finance | Rural Development
The Appalachian Regional Commission released this report which is an assessment of food system infrastructure, access to capital for entrepreneurs, education, and regional capacity in the Appalachian region.


Sponsors

Venue Sponsor

BNY Mellon

Annual Roundtable Sponsor

New Jersey Economic Development Authority Stern Brothers & Co.

Conference Premium Sponsor

HR&A Advisors

For information about sponsoring the CDFA New York/New Jersey Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

New Members

NW Financial Group - Hoboken, NJ


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.


Council of Development Finance Agencies
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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