In an effort to attract high-technology business and jobs to the capital city region, State Sen. Shirley Turner is pushing for a bill that would expand the state's innovation zones, as reported by NJ.com. The bill advances to the full senate after approval from the Senate Economic Growth committee.

Mayor Bill De Blasio announced $115 million in city funding to launch an advanced manufacturing center in hopes of strengthening New York City's struggling industrial sector, reports New York Business Journal. The city allocated $41 million over the next two years for the "Industrial Action Plan", with the remainder coming from private funds.

As reported by NorthJersey.com, a private medical school was awarded $16.9 million in tax credits to be spread over a 10-year term. The project will leverage about $55.1 million in private investment and the creation of 271 new jobs.

According to POLITICO, discussion surrounding the status of federally tax-exempt bonds in NYC has been said to be improving. The bonds, primarily used for housing projects, were thought to be in jeopardy after sources stated the Governors office informed the Mayors office that the funds may be diverted.

The New York Post reports Port Authority executive director Patrick Foye is stepping down. A newly created CEO position will replace the agency's executive director and deputy director positions.

A study by New Jersey officials exploring potential development opportunities at Liberty State Park in Jersey City as a way to generate new revenue is being met with skepticism by some elected officials.

CDFA is pleased to announce the selection of North South Government Strategies (NSGS) as the Council's legislative representation on Capitol Hill. Eric Silva, Founding Partner with NSGS, will continue his work as CDFA's legislative representative.

The Intro Property Assessed Clean Energy (PACE) Finance WebCourse will delve into the process of creating a PACE program for a community from start to finish. Over the span of two days, all the pieces of PACE financing are analyzed including the bond issuance needed, enhancing investor appeal, discerning the regulatory matters, the realm of market potential and more. In the long run, the lowered utility bills and increased local jobs from PACE financing will benefit residents and businesses.

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