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CDFA Texas Financing Roundtable Newsletter - February 2016

CDFA Texas Financing Roundtable Newsletter - February 2016
February 24, 2016
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CDFA Texas Financing Roundtable Newsletter

Feature

Texas Micro Lender to Take on Small-Business Loans up to $1M for First Time
LiftFund Inc. will offer up to $1 million in small business financing when matched by MetaFund Inc., an Oklahoma-based private equity firm.

Roofing Manufacturer to Move to Waco, Could Invest $20M
The Waco City Council approved a reinvestment zone for Polyglass, a Florida-based roffing manufacturer, that would allow a seven-year partial tax abatement worth $221,558.

Bryan, TX City Council Supports New Zone to Inject Funds into District
As reported by The Eagle, most of the Bryan City Council members indicated their support for a new tax increment reinvestment zone that would be the first TIRZ to be used for redevelopment of an established area.

Deal Nearly Sealed for $9M Central Texas Solar Farm Project
Falls County, TX officials have nearly finalized a deal for a $9 million solar farm project. Commissioners approved a 6 year tax abatement for the project, which will help facilitate the sale of the 55 acre property to Cypress Creek Renewables.

Tax Increment to Help Pay for $10M City Project
City officials from Harlingen, TX have amended the city's three tax increment finance zones in an effort to finance the development of a 43,000-square-foot convention center. Through the amendments, property taxes may now be used to help finance the construction.

Plano, TX City Council Approves $4.9M in Incentives for JPMorgan Chase
As reported by the Plano Star Courier, the Plano City Council has approved a tax abatement and grant package to recruit JPMorgan Chase to the area.

USDA & ARRA Provide $78.5M to South TX to Increase Broadband Access
Through the American Recovery and Reinvestment Act Broadband Initiative, and a partnership with the USDA, VTX1 brought high-speed broadband to rural Texas. VTX1 used a $40 million loan and a $38.5 million grant to upgrade the technological capacities of communities from the Rio Grande Valley to San Antonio.

Upcoming Events

Intro Tax Increment Finance Course
April 27-28, 2016 - Dallas, TX
CDFA is excited to bring it's highly acclaimed Intro Tax Increment Finance (TIF) Course to Dallas, TX this April known as TIRZ in Texas, TIF is one of the most effective tools in the development finance toolbox. As a special offering of the CDFA Texas Financing Roundtable in partnership with TEDC, this two-day course offers an in-depth look at the guiding principles and appropriate application of TIF. The course will feature lectures, case studies and a special mobile tour session hosted by the City of Dallas. Not familiar with TIF? Explore CDFA's TIF Resource Center. Want to put TIF in place in your city? Join us in April for the Intro TIF Course.

Texas News

Dallas City Council Tentatively Agrees on 2017 Bond Program
The Dallas Morning News | Feb. 24 | Bond Finance | Infrastructure Finance | Local Finance Program

TIRZ For Commercial Development Approved by Oak Ridge North
Your Houston News | Feb. 24 | Incentives | Infrastructure Finance | Tax Increment Finance (TIF)

Construction of $319M Drainage Tunnel to Begin in East Dallas
The Dallas Morning News | Feb. 24 | Bond Finance | Infrastructure Finance

Join CDFA in Dallas, TX this April for the Live Intro Tax Increment Finance Course
CDFA | Feb. 23 | CDFA Original Research | Development Finance Toolbox | State Finance Program | Tax Increment Finance (TIF)

Why the R&D Tax Credit Is Now Better Than Ever
Jacksonville Business Journal | Feb. 23 | Federal | Incentives | Tax Credits

USDA Awards Loans to Boost Rural Economic Development in Five States
USDA | Feb. 23 | Rural Development | U.S. Dept. of Agriculture (USDA)

Conroe, TX City Council Approves Incentive Agreement for Newpark Drilling
The Courier of Montgomery County | Feb. 17 | Economic Development | Incentives

TxDOT Planning $1.3B to Reduce Traffic in Largest Cities
The Texas Tribune | Feb. 17 | Infrastructure Finance | State Finance Program

GFOA Alert Urges Issuers to Prepare for SEC MCDC Settlement Offers
The Bond Buyer | Feb. 11 | Bond Finance | Federal | Member News | U.S. Securities and Exchange Commission (SEC)

TX `Dirt' Bonds Make Comeback
Bloomberg | Feb. 10 | Bond Finance | Infrastructure Finance

USDA Invests Rural Energy for America Program Funds in Texas
USDA | Feb. 10 | Energy Finance | Green Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Irving, TX Learning Center Financed Through TIF
Irving Weekly | Feb. 8 | Tax Increment Finance (TIF)

Overton TIF Borrowing Millions from Lubbock, TX Solid Waste Fund
KCBD NewsChannel 11 | Feb. 8 | Local Finance Program | Tax Increment Finance (TIF)

January 2016 Tax Credits & Incentives Update
The National Law Review | Feb. 8 | Tax Credits

Hinojosa Announces $60 Million in Funding for Border Infrastructure Projects
Texas Insider | Feb. 3 | Infrastructure Finance | Legislative | State Finance Program

A Look at Brownfields: The Dirty, the Ugly, and the Potential for Turnaround
wastedive.com | Jan. 27 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)


Sponsors

Roundtable Partner

Texas Economic Development Council

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.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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