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CDFA New York/New Jersey Financing Roundtable Newsletter - February 2014

CDFA New York/New Jersey Financing Roundtable Newsletter - February 2014
February 12, 2014
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

Rutgers Calls on Business Leaders, State to Advance Economic Opportunities
Rutgers University's new strategic plan is striking a chord with state business leaders by emphasizing future success will demand active outreach and cooperation with business communities to employ students and translate products of research into practice.

TIF and PILOT Increment Financing: Differing Means to the Same End
Robert Murray with Harris Beach presents how New York's innovative PILOT Increment Financing (PIF) has solved many of the statutory challenges of the state's TIF law, while still offering the same benefits of TIFs.

NJ Incentive Programs Spark New Commercial Activity
Tim Lizura with NJ Economic Development Authority and other experts gave their insights to brokers, attorneys and other professionals about the Economic Opportunity Act. The law, enacted in September, streamlined and strengthened the state's incentive programs.

[Survey] What Do You Want to Learn at the Conference This Year?
Take this brief, 5-question survey to tell us what topics you would like to see discussed during this year's Roundtable Conference.

CDFA Short Courses: PACE, Commercial Real Estate Finance, Financing Manufacturers, and Crowdfunding
March 6-7, 2014
Join CDFA in Washington, DC as we advance development finance knowledge, networks and innovation through four unique Short Courses focused on cutting-edge and trending development finance topics. Learn more about each of the Short Courses, including programming, speakers, dates and times at cdfa.net

New York/New Jersey News

IDA Approves Tax-Exempt Bonds for Assisted Living Facility
New York Real Estate Journal | Feb. 12 | Bond Finance | Infrastructure Finance | Local Finance Program | Tax Abatements

NYC Offers Bridge Loan Fund to Aid Small Contractors
Crain's New York Business | Feb. 12 | Access to Capital | Disaster Recovery & Relief | Local Finance Program | Redevelopment

Westchester LDC Approves $98M in Bonds for Pace University
Hudson Valley Reporter | Feb. 10 | Bond Finance

Cuomo Proposes to Revise, Extend Brownfield Tax Credit
National Law Review | Feb. 10 | Brownfield Financing | Redevelopment | State Finance Program | Tax Credits

North Shore Development Contingent on Tax Plan
Daily Messenger | Feb. 10 | Economic Development | Local Finance Program | Member News | Tax Credits

Rehabilitation Exemplifies Adaptive Reuse for Historic Churches
Buffalo Rising | Feb. 7 | Redevelopment | Tax Credits | U.S. Dept. of Interior - National Park Services (NPS) | Federal

New York State Awards $4.3M for Smart Grid
Epoch Times | Feb. 6 | Disaster Recovery & Relief | Energy Finance | State Finance Program

NJ Outlines Plans for Next $1.46B in Sandy Aid
Emergency Management | Feb. 6 | Disaster Recovery & Relief | State Finance Program

Bond Funding Vital to Downtown Albany Development
Albany Herald | Feb. 6 | Bond Finance | Economic Development | Local Finance Program | Tax Increment Finance (TIF)

Albany City Commission Axes TAD Oversight Committee
Albany Herald | Feb. 6 | Local Finance Program | Tax Increment Finance (TIF)

CRC Leverages Excelsior Jobs Program Tax Credits
Rochester Business Journal | Feb. 6 | Economic Development | Tax Credits

Solar Gardens Offer Net Metering For Anyone - In Some States
Governing | Feb. 6 | Energy Finance | Green Finance

Bronx Manufacturer Pulls Tax Credits to Stay in New York
Long Island Newsday | Feb. 5 | Economic Development | Member News | State Finance Program | Tax Credits

Jersey's New $1.4B Sandy Aid Distribution Plan Draws Criticism
Governing | Feb. 4 | Disaster Recovery & Relief | State Finance Program

Nassau OKs Up To $2.6M Tax Break for Garden City Hotel
Long Island Newsday | Feb. 4 | Member News | Tax Credits

Ocean Power Technologies Lands $1.75M from NJ Tax Program
Wall Street Journal | Feb. 4 | Economic Development | Innovation Finance | Member News | State Finance Program | Tax Credits

VaxInnate Receives $2.1M from New Jersey Transfer Program
Vaccine News Daily | Feb. 4 | Economic Development | Member News | State Finance Program | Tax Credits

NYCEDC Launches $30M Economic Resiliency Competition
NYCEDC | Feb. 4 | Disaster Recovery & Relief | Economic Development | Local Finance Program | Member News

State Economic Development Subsidy Disclosures Ranked
Governing | Jan. 30 | Economic Development | State Finance Program

New York MTA Gets $886M Sandy Installment from Feds
The Bond Buyer | Jan. 30 | Disaster Recovery & Relief | Infrastructure Finance | Federal

Silverstein Seeks New Debt Deal for WTC Complex
Wall Street Journal | Jan. 30 | Bond Finance | Member News | Urban Development

City Council Creates SID to Fund Improved Security & Sanitation
North Jersey | Jan. 29 | Community Development | Local Finance Program | Tax Increment Finance (TIF)


New Additions to the Online Resource Database

NJ's Technology Business Tax Certificate Transfer Program
Economic Development | Innovation Finance | State Finance Program | Tax Credits
The Technology Business Tax Certificate Transfer Program enables approved, unprofitable Technology and Biotechnology Businesses to sell their Unused Net Operating Loss Carryover and Unused Research and Development Tax Credits to unaffiliated, profitable corporate taxpayers in the State of New Jersey for at least 80% of the value of the tax benefits.

State Perspective - Implementing the Development Finance Toolbox
Access to Capital | Bond Finance | Development Finance Toolbox | State Finance Program
Maureen Hassett with New Jersey Economic Development Authority shares how the state practices implementing the development finance toolbox and strategies to promote growth at a state, county and local level.


Sponsors

Annual Roundtable Sponsor

Stern Brothers & Co.

Conference Premium Sponsor

HR&A Advisors

For information about sponsoring the CDFA New York/New Jersey 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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

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  • Wells Fargo Securities
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