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

CDFA New York/New Jersey Financing Roundtable Newsletter - April 2014
April 30, 2014
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

Federal Sandy Cash Still Slow Making it to Businesses
According to DNAinfo, more than 330 small businesses have applied for the federally funded NYC Hurricane Sandy Loan & Grant. So far, however, only eight business owners have received any money, according to the city's Department of Small Business Services, the agency that is administering the program.

Lawmakers Push for Permanent Rule Tightening at DRPA
The Inquirer reports on a rare bistate effort, in which Pennsylvania and New Jersey officials proposed an overhaul of the Delaware River Port Authority to ban economic-development spending and increase public accountability.

NY's $1B NY Green Bank Aims to Attract Private Investment
Crain's New York Business reports the New York Green Bank is scaling up a new market that draws private investment into projects that benefit the environment and businesses' bottom lines.

NJEDA Investing $20M Into Relocating Two Businesses
The Princeton Packet reported New Jersey has awarded $20,955,000 in tax incentives to two businesses in hopes of relocating them in Plainsboro and preventing them from moving out of state.

Upcoming Events

2014 CDFA New York/New Jersey Financing Roundtable Conference
September 16 - New York, NY
Join CDFA for the New York/New Jersey Financing Roundtable Conference on September 16, 2014 as we focus on "Reinvestment, Redevelopment and Revitalization in New York and New Jersey." This one-day event will feature a number of economic development finance experts and leaders from both states as they discuss the development finance tools and resources that foster proactive investment in the region's assets and accelerate economic growth.

New York/New Jersey News

Port Authority Weighs Risk of $1.2B WTC Loan Guarantee
The Bond Buyer | Apr. 28 | Bond Finance | Member News | Urban Development

Gov. Cuomo Announces $60M Investment for Solar Power in Long Island
PennEnergy | Apr. 28 | Energy Finance | Green Finance | State Finance Program

Dutchess Checks Out StartUp NY for Jobs
Poughkeepsie Journal | Apr. 25 | Access to Capital | Economic Development | Innovation Finance | Member News | State Finance Program

Banking on Clean Energy Programs - NY Green Bank
Crain's New York Business | Apr. 25 | Access to Capital | Bond Finance | Energy Finance | Green Finance | Federal

DRPA's Bond Sale Drew on Connected Firms - Legally
Philly.com | Apr. 25 | Access to Capital | Bond Finance | Infrastructure Finance

Kauffman Reflects on Launching NY Green Bank
Clean Energy Finance Forum | Apr. 23 | Access to Capital | Bond Finance | Energy Finance | Green Finance | State Finance Program

North Shore Tax Deal in Canandaigua gets Ontario County's OK
MPNnow | Apr. 21 | Economic Development | Local Finance Program | Tax Increment Finance (TIF)

New York Awards $95M in Loans, Tax Credits for Housing
Associated Press | Apr. 21 | Access to Capital | Community Development | State Finance Program | Tax Credits

Lake Success Firm Gets $12M in Tax Breaks
Island Now | Apr. 21 | Access to Capital | Economic Development | Local Finance Program | Member News | State Finance Program | Tax Credits

Rule Change Should Aid Small Business
The Davis Clipper | Apr. 21 | Access to Capital | U.S. Small Business Administration (SBA) | Federal

Elizabeth Mayor Asserts Proposed New Tax Could Kill UEZs
NJSpotlight | Apr. 17 | Community Development | Economic Development | State Finance Program | Tax Credits

New York Brownfield Program Spurs Manufacturing Investments
Brownfield Renewal | Apr. 17 | Brownfield Financing | Redevelopment | State Finance Program

Buffalo Promotes Historic Buildings, Tax Credits for Development
Buffalo News | Apr. 16 | Redevelopment | Tax Credits

Wildwood Reviews SID, BID
Cape May County Herald | Apr. 16 | Community Development | Local Finance Program


New Additions to the Online Resource Database

NJ Economic Opportunity Act of 2013 Summary
Economic Development | State Finance Program | Tax Credits
The New Jersey Economic Opportunity Act of 2013 is designed to stimulate economic development and strengthen New Jersey's competitive edge in the global economy. This presentation from NJ Economic Development Authority at the PlanSmart NJ event, Policy Briefing: The Land Use Implications of the Economic Opportunity Act, reviews highlights of the act. In addition, a summary of the economic incentives is included.

Webinar: Clean Energy Finance Through the Bond Market
Bond Finance | CDFA Original Research | Energy Finance | Green Finance | Webcasts
The Brookings Institution, Clean Energy Group and the Council of Development Finance Agencies discuss their newly released paper on bond financing for clean energy projects.


Sponsors

Venue Sponsor

BNY Mellon

Annual Roundtable Sponsor

Hawkins Delafield & Wood LLP New Jersey Economic Development Authority Stern Brothers & Co.

Conference Premium Sponsor

HR&A Advisors

Conference Supporting Sponsor

Think Forward Financial, LLC

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

  • 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
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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