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CDFA Michigan Financing Roundtable Newsletter - April 2014

CDFA Michigan Financing Roundtable Newsletter - April 2014
April 30, 2014
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CDFA Michigan Financing Roundtable Newsletter

Feature

Tax Increment Financing Drives Local Improvements
The Observer and Eccentric reports that Farmington and Farmington Hills are moving ahead on each city's Tax Increment Financing Authority plan to eventually generate revenue to make public improvements along the three-mile Grand River corridor.

MI Opens Statewide EB-5 Visa Center for Immigrant Investors
MLive reports that Michigan will become just the second state in the nation to manage its own regional center for an immigrant visa program that Republican Gov. Rick Snyder has championed as a tool to attract investors and create jobs.

Private Sector PACE Takes Flight in Michigan
In this article on PRWeb, Lean & Green Michigan announces the first privately financed PACE project in Michigan. Over $500K will be financed through this innovative new tool that allows any business to use a property tax assessment to obtain much longer term financing than is otherwise available in the capital markets.

Flint Issues Bonds for Waterworks Pipeline to Lake Huron
Bloomberg covers the biggest municipal bond sale in Michigan since Detroit's bankruptcy, which will allow another locality under emergency management to sever ties with the Motor City's water and sewer system.

Battle Creek, K-zoo Ready for Redevelopment Evaluation
Second Wave says that Battle Creek and Kalamazoo are two of 17 communities statewide chosen to participate in program that assesses planning and development policies as part of the Redevelopment Ready Communities program offered by MEDC.

Michigan News

Great Lakes Capital Fund Invests in Midtown Makeover
The Detroit News | Apr. 25 | Access to Capital | Community Development | Member News | Redevelopment | Tax Credits | U.S. Dept. of Treasury CDFI Fund

Michigan Saves Tackling Multifamily EE Retrofits
Michigan Saves | Apr. 23 | Access to Capital | Community Development | Energy Finance | Green Finance | Member News

New MSRB Rule for Municipal Advisors Establishes Fee
MSRB | Apr. 23 | Federal | Municipal Securities Rulemaking Board (MSRB)

Historic Apartment Buildings in Detroit Getting $9.5M Rehab
MLive | Apr. 23 | Community Development | Redevelopment | Tax Credits

MI Finance Authority Issues $150M in Bonds for School RLF
World News | Apr. 17 | Bond Finance | Community Development | State Finance Program

Detroit Settles with UTGO Creditors - Bond is Right Side Up
Bernardi Securities | Apr. 17 | Bond Finance | Local Finance Program

Detroit Renews Investor Faith With 74 Cent Recovery: Muni Credit
Bloomberg | Apr. 16 | Access to Capital | Bond Finance | Local Finance Program

Municipal Issuer Brief - Latest Chapter in Detroit's Bankruptcy
Municipal Market Advisors | Apr. 15 | Bond Finance | Local Finance Program

Michigan Trumpets Investor Interest in $83M Bond Deal
Bond Buyer | Apr. 9 | Access to Capital | Bond Finance | State Finance Program

County Receives EPA Grant to Assess Brownfields
Wood Newsradio | Apr. 8 | Access to Capital | Brownfield Financing | U.S. Environmental Protection Agency (EPA) | Federal

Bay City Commission to Issue $8M in Uptown Bond Money
MLive | Apr. 8 | Bond Finance | Infrastructure Finance | Local Finance Program

Detroit in Fight for Diverted Tax Funds
The Detroit News | Apr. 7 | Bond Finance | Local Finance Program

Community Development Financial Institution Offers Help
Mining Journal | Apr. 7 | Access to Capital | Local Finance Program | Revolving Loan Funds (RLFs) | State Finance Program

Smartzone Entrepreneurship District Comes to Marquette
FOX UP | Apr. 2 | Access to Capital | Innovation Finance | Local Finance Program | Rural Development

MI School Districts Scurry as State Revolving Fund Nears Its Cap
MiBiz | Apr. 2 | Access to Capital | Legislative | Local Finance Program | Revolving Loan Funds (RLFs) | State Finance Program

MEDC Approves Grant for Manufacturing Plant in Fayette Township, MI
Area Development | Mar. 28 | Access to Capital | Economic Development | State Finance Program

Detroit Streetcar Benefits from MEDC Funds
RT&S | Mar. 28 | Access to Capital | Infrastructure Finance | State Finance Program

Michigan Strategic Fund Sparks $133.6M Investment
Area Development | Mar. 27 | Bond Finance | Economic Development | Innovation Finance

$718K School Tax Capture to Redevelop Ferndale Brownfield
MLive | Mar. 27 | Brownfield Financing | Local Finance Program | Redevelopment


New Additions to the Online Resource Database

Beyond Bankruptcy Conference 2014
Economic Development | Local Finance Program | Redevelopment
The Beyond Bankruptcy project gleans insight into municipal distress by looking at these cities as a group; describing trends in urban finance structures; and considering the similarities and differences across these cities. This recap of the first ever Beyond Bankruptcy Conference highlights key points from the event.

Livingston County, MI Economic Development Strategy
Economic Development | Local Finance Program | U.S. Economic Development Administration (EDA)
Livingston County Department of Planning prepared this Comprehensive Economic Development Strategy (CEDS) to bring the public, private, education and not-for-profit sectors together to create an economic roadmap to a diverse and strong local economy.

2014 MEDC Scorecard
Economic Development | State Finance Program
The MEDC Scorecard Summary is an evaluation of many different state initiatives, metrics, and values. The scorecard is a useful management tool for monitoring performance and evaluating opportunities. This scorecard evaluates initiatives from entrepreneurship to image and talent enhancement.


Sponsors

Annual Roundtable Sponsor

Stifel Nicolaus

Conference Premium Sponsor

Michigan Saves

For information about sponsoring the CDFA Michigan 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.


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

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