CDFA New York/New Jersey Financing Roundtable Newsletter - December 2016
CDFA New York/New Jersey Financing Roundtable Newsletter - December 2016
December 7, 2016
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Construction Workers Back on Job at American Dream
Dozens of construction workers have been seen on the site of American Dream Meadowlands in recent days, suggesting that the long-stalled shopping and entertainment project might finally be heading in the right direction.
Redevelopment to Continue in Union, NY's Special Improvement District
"When residents pushed for redevelopment in Union's Special Improvement District, Township Administrators listened," began a press release from Union's Public Information office on Friday.
Proposed Soybean Processing Plant Receives Approval for $10M IDB
During their Finance Committee meeting, St. Lawrence County, NY lawmakers approved the issuance of $10 million in tax-exempt revenue bonds by the county's Industrial Development Agency. The full legislature votes Nov. 7.
NYS Economic Development Spending Update
This policy brief updates the Citizens Budget Commission's (CBC's) analysis of the cost of New York's state and local economic development programs.
Empire State Development Announce 1000th Application for Film Tax Credit
Empire State Development (ESD) today announced the Governor's Office of Motion Picture and Television Development recently reached a milestone with 1,000 applications for the state's film production tax credit received since 2011.
Companies get $1.3B in Incentives to Move to Camden
Three years into the dramatically overhauled incentive program, nearly two dozen private firms have received $1.3 billion worth of credits to build in Camden. That's out of a total $4 billion approved statewide so far.
End of the Road for the Urban Enterprise Zone
A decades-old program aimed at giving an economic boost to struggling communities — known as the Urban Enterprise Zone — is scheduled to start shutting down in January. The program allows communities in which they're located to charge a reduced sales tax to draw more business. But lawmakers are scrambling to find a way to extend UEZs for two more years.
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Upcoming Events |
Intro Brownfields Finance WebCourse
December 14-15, 2016 - Daily: 12:00-5:00 pm Eastern
The Intro Brownfields Finance Course is the industry's only comprehensive training curriculum that helps economic developers, policy makers and real estate professionals understand and master the financing strategies for the lifecycle of a brownfield property. During this course, attendees will walk through the entire brownfields redevelopment process from understanding the basics of brownfields and legal and regulatory challenges to unearthing the myriad financing tools available to both clean-up and build-up these contaminated or polluted sites.
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New York/New Jersey News |
NYCEEC Brings the Battery to Brooklyn, Financing Energy Storage for a Low-Income Housing Microgrid
PR Newswire Association LLC | Dec. 7 | Energy Finance
Why Cuomo's Hopes for Trump Infrastructure Cash Could Crumble
Village Voice | Dec. 7 | Infrastructure Finance | Tax Credits
Newark Retires Baseball Stadium Debt with Development Deal
The Bond Buyer | Dec. 7 | Bond Finance
Trump Carrier Deal Mimics NJ Economic Policy
Asbury Park Press | Dec. 7 | Incentives | Tax Credits
Rutgers Upgrading to Best-In-Class Practice Fields with Record Donation
New Jersey On-Line | Dec. 7 | Tax Credits
Entrepreneurship and Innovation Resurgent in New Jersey
New Jersey Spotlight | Dec. 7 | Economic Development | Tax Credits
Greater JFK Business Improvement District approved by New York City lawmakers
Richner Communications | Dec. 2 | Infrastructure Finance | Special Assessment Districts
Ogdensburg Growth Fund Writes Off $200K in City Debt
Watertown Daily Times | Dec. 1 | Revolving Loan Funds (RLFs)
Governor Cuomo Announces Nearly $100M in New Green Bonds for Affordable Housing
Governor Andrew M. Cuomo - New York State | Dec. 1 | Bond Finance | Community Development | Green Finance
Ellicott Development Transforms Elmwood Brownfield Site
WBFO | Nov. 30 | Brownfield Financing | Tax Credits
RLF Supports Ulster County's Food and Beverage Cluster
Hudson Valley News Network | Nov. 29 | Food Systems Finance | Revolving Loan Funds (RLFs)
Residences, Marina Planned for $60 Million Project on Hudson River at Green Island
The Hearst Corporation | Nov. 18 | Brownfield Financing | Tax Credits
Brownfield + NYS Incentives = New 500 Seneca Street
WBFO | Nov. 9 | Brownfield Financing | Tax Credits
NYPA Approves $475M Bond Deal
Buffalo Business First | Nov. 8 | Bond Finance | Infrastructure Finance
$17M Freed Up for Western NY Economic Development
The Buffalo News | Nov. 8 | Revolving Loan Funds (RLFs)
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For information about sponsoring the CDFA New York/New Jersey Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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Signature Bank - New York, NY
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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.
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Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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