The Council of Development Finance Agencies and its SSBCI Coalition provided comments in response to the U.S. Department of the Treasury's Notice and Request for Information — State Small Business Credit Initiative (RFI). Detailed responses to questions posed in the RFI reflect the following broad principles, which CDFA and the SSBCI Coalition believe are key to ensuring the effective implementation of the current round of SSBCI funding.

The U.S. Department of the Treasury published its interim final rule to implement the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Recovery Fund. The American Rescue Plan Act created the $350 billion recovery funds. To support governments in using money distributed from the recovery funds, the interim rule provides critical guidance regarding eligible uses of funds.

Oklahoma has been assessing the state's business incentive programs on a regular schedule since 2016. State legislators and officials from state agencies have taken the lead to use findings and recommendations from the Incentive Evaluation Commission to make changes that contain costs and improve outcomes for Oklahoma. As a result of their efforts, more than a dozen statutory changes have passed to improve incentive program performance.

Citing lessons learned from the COVID-19 pandemic and recent supply chain disruptions, the USDA announced plans to invest more than $4 billion to strengthen critical supply chains through the Build Back Better initiative. The new effort is directed by Executive Order 14017 America's Supply Chains will create new market opportunities, tackle the climate crisis, help communities that have been left behind, and support good-paying jobs throughout the supply chain.

This report outlines a comprehensive approach, which is called "entrepreneur-led economic development". The goal is to create feedback loops between entrepreneurial leaders and other local decision-makers and to cultivate networks that connect successful entrepreneurial leaders with future growth-oriented founders who can use their guidance to grow.

On Friday, the Biden Administration released its FY22 budget request, detailing the White House's federal spending priorities, and totaling roughly $6 trillion for FY 2022. The budget is unprecedented in its size and scope, as it would lead to sustained spending levels not seen since World War II. It also contains several key provisions aimed at addressing spatial inequality and economic dynamism.

The Senior Vice President of Community Development serves as a member of the senior leadership team for the Tulsa Authority for Economic Opportunity, leading a team of staff dedicated to increasing shared prosperity and racial equity in Tulsa.

The Senior Vice President of Development Finance and Strategic Investments serves as a member of the senior leadership team for the Tulsa Authority for Economic Opportunity, leading a team of staff focused on managing public finance and incentive tools and programs; analyzing, developing, and supporting development and redevelopment projects; and managing and optimizing the Authority's financial and real estate assets.

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This study examines how housing and in-home supports affect public spending on individuals with chronic mental illness in Maricopa County, Arizona. It does so through a comparative analysis of average costs per person per year across three housing settings: permanent supportive housing, housing with unknown in-home support, and chronic homelessness.

The Council of Development Finance Agencies and its SSBCI Coalition provided comments in response to the U.S. Department of the Treasury's Notice and Request for Information — State Small Business Credit Initiative (RFI) on June 1, 2021. Detailed responses to questions posed in the RFI reflect the following broad principles, which CDFA and the SSBCI Coalition believe are key to ensuring the effective implementation of the current round of SSBCI funding.

Recognizing the urgency of the pandemic and related crises, on June 7, 2021, the Federal Reserve Bank of New York approached the U.S. Impact Investing Alliance to write a report about the current landscape of capital sources for community investment and how emerging capital sources and strategies could help shape the future of the field.

The USDA Rural Development published a final rule outlining changes to the Rural Microentrepreneur Assistance Program (RMAP) on June 7, 2021. The program provides loans and grants to microenterprise development organizations to help them establish revolving loan programs to assist microenterprises, businesses with 10 or fewer full-time employees.

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