Michigan primary voters gave final approval to Proposal 1, a plan to phase out personal property taxes that small businesses pay on office equipment and manufacturers pay on industrial equipment, according to this article from MLive.

The Michigan Economic Development Corporation has launched a crowdfunding and matching grant initiative to help communities statewide fund public space projects. According to EfficientGov, the so-called Public Spaces Community Places effort has been quite successful.

According to metromode media, Michigan is parlaying its portion of funds from the State Small Business Credit Initiative (SSBCI) into industry diversification and job creation at a commendable rate.

In response to concerns raised by industry participants, the SEC has made three key modifications to its MCDC Initiative, dealing with deadlines, penalties, and pre-EMMA violations.

Great Lakes Capital Fund released their publication, "Avenues to Affordability," providing organization updates and great articles on development finance, community revitalization and access to capital. This issue is worth a read.

October 1 - Detroit, MI
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The 2014 CDFA Michigan Financing Roundtable Conference, "Driving Innovation and Economic Development through Public-Private Partnerships," will feature sessions on debt financing, redevelopment and reinvestment, EB-5, access to capital, energy and public-private partnerships. Don't miss this one-of-a-kind event.

Rep. Randy Hultgren (R-IL) and Rep. Richard Neal (D-MA) introduced the Modernizing American Manufacturing Bonds Act (MAMBA) of 2014, H.R. 5319. H.R. 5319, supported by CDFA and hundreds of issuers throughout the country, is a comprehensive package that will modernize and revolutionize manufacturing bonds.

The Council of Development Finance Agencies (CDFA) is pleased to announce the release of the CDFA Annual Volume Cap Report: An Analysis of 2013 Private Activity Bond & Volume Cap Trends. This report provides the most complete data for the use of volume cap and issuance of cap-subject private activity bonds nationwide.

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This report by the Great Lakes Renewable Energy Association is intended to help guide Michigan groups through the web of rules and regulations specific to Community Solar in Michigan, and provide up-front information to enthusiasts, community groups, and developers on how to successfully move Community Solar forward in Michigan.

The National Trust for Historic Preservation produced a policy report on the states' historic tax credits and what makes a state tax credit work.

This annual CDFA report reviews the use of private activity bond volume cap and the issuance of cap-subject private activity bonds in every state.

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