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CDFA Minnesota Financing Roundtable Newsletter - March 2017

CDFA Minnesota Financing Roundtable Newsletter - March 2017
March 8, 2017
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CDFA Minnesota Financing Roundtable Newsletter

Feature

Welcome to the All New CDFA.net Featuring State Pages
CDFA is proud to announce the new CDFA.net website. A year in the making, this new site provides all of CDFA's vast resources with better style, navigation and resources. New additions to the website include state focus pages. Check out events, news, and resources available in Minnesota and all that we have to offer today.

DEED Awards $320K from Capacity Building Program
The Minnesota Department of Employment and Economic Development awarded funding to 13 organizations. The program intends to help nonprofit groups develop financial management, governance, human resources, information technology, strategic planning, strategic alliances and accountability skills.

Minnesota Good Food Access Program Funding Introduced in Legislature
The Good Food Access Program is run by the Minnesota Department of Agriculture and was created to provide assistance to increase access to affordable foods in areas of the state currently struggling with a lack of access to grocery stores and other outlets that sell nutritious food.

Innovate MN Campaign Launched to Support Technology
Throughout the next year, the campaign will highlight Minnesota's culture of innovation by sharing stories of businesses and entrepreneurs on the cutting edge. In addition #InnovateMN will highlight DEED resources for Minnesotans who are looking for financing or technical assistance.

Audit Shows MN's R&D Tax Credit Does Not Pay For Itself
An audit of one of Minnesota's biggest business tax breaks found serious problems with the incentive, saying it lacks a specified purpose in law and does not pay for itself in the long run. The audit also found that the state isn't collecting enough data on the decades-old research and development tax breaks.

Angel Tax Credit Program Targets Underserved Groups
The popular Angel Tax Credit Program – which has attracted over $377 million for hundreds of high-tech startups in Minnesota since 2010 – will continue to focus much of its efforts on helping businesses owned by women and members of minority groups and for businesses located in Greater Minnesota.

MN is Facing a Housing Bond Shortage
It turns out that it's only the financing tools that are hopelessly complex. The story here sure isn't. The one basic fact that hasn't changed is the need for more places to live for people at the lower end of the income scale. Advocacy groups, such as Haven, are calling for a bigger slice of bonding capacity for housing.

States See Value in Backing 'Food Hubs' for Farmers, Consumers
The growth in locally sourced food, a market that totaled $12 billion in sales in 2014 and could reach $20 billion by 2019, coincides with rising consumer demand for healthier fresh food that is often grown organically and with environmentally friendly practices and food hubs are capitalizing on this market.

Upcoming Events

Intro Incentives WebCourse
April 5 - 6, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

CDFA Summer School
August 7 - 11, 2017 - Minneapolis, MN
CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

Minnesota News

New Look, Same Location: CDFA's Website Update
CDFA | Feb. 23 | CDFA Original Research | Member News

MDA Accepting Food Hub Grant Applications
Minnesota Department of Agriculture | Mar. 6 | Agriculture Finance | Food Systems Finance

MDA Trade Show Supports Food and Beverage Entrepreneurs
Minnesota Department of Agriculture | Feb. 27 | Food Systems Finance | Innovation Finance

Governor Dayton Signs $35M Rural Finance Authority Bill
KXRA | Feb. 19 | Rural Development

3 CO City's Ranked in the Top 10 for Entrepreneurs
nerdwallet | Feb. 15 | Economic Development

State Senator, Jasinski Calls for Investments in Greater MN
Faribault Daily News | Feb. 11 | Infrastructure Finance | Rural Development


New Additions to the Online Resource Database

Governor Mark Dayton Signs Bipartisan $35M Rural Finance Authority Bill
Agriculture Finance | Food Systems Finance
Delivering needed assistance to Minnesota's 74,000 farmers, Governor Mark Dayton today signed the bipartisan $35 million Rural Finance Authority Legislation (H.F. 14) into law. The new funding will allow the Authority to continue offering eligible Minnesota farmers affordable financing and terms and conditions not offered by other traditional lenders.


Sponsors

For information about sponsoring the CDFA Minnesota 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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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
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor