CDFA Illinois Financing Roundtable Newsletter - June 2014

CDFA Illinois Financing Roundtable Newsletter - June 2014
June 11, 2014



Feature
Tax Increment Financing: Tweaking TIF for the 21st Century This informative Urban Land Institute (ULI) piece, featuring CDFA President & CEO Toby Rittner and several CDFA members, explores the transformative use of tax increment finance across the country and the reemergence of this tool as key development driver post-recession. Overviews of Chicago, Atlanta and the California story demonstrate the evolving and comprehensive ability of TIF to drive economic development and community transformation. Treasury Announces $3.5B in NMTC Awards This Award Book provides an overview of the CDEs awarded in the 2013 round of New Markets Tax Credits from the CDFI Fund, including from Illinois: Chicago Development Fund, IFF, M&I New Markets Fund, National Community Investment Fund, Southside Community Optimal Redevelopment Enterprise, and The Valued Advisor Fund. Illinois - The State of Innovation The Illinois Department of Commerce and Economic Opportunity (DCEO) released their second edition of the state's economic development magazine, which highlights the clean energy sector, tech growth, trade and financial services. Chicago Infrastructure Trust Sees Slow Start to Embrace P3 Omaha.com follows the unfolding of the oft-touted plan by Chicago Mayor Rahm Emanuel which would seek private investors for numerous large energy and infrastructure projects around the city. The first project is finally rolling out, but is massively scaled back from its original intent. Plan Introduced to Reform EDGE Tax Credit Program According to WICS 20, IL House Speaker Michael Madigan introduced a proposal to open up EDGE tax credits to more small businesses that create more than five jobs in high-poverty areas and place restrictions on the companies trying to get the special version of the credits.
Illinois News
Digital Lab for Manufacturing Making Strides to Opening Chicago Business Journal \| Jun. 6 \| Innovation Finance \| Local Finance Program \| State Finance Program \| U.S. Dept. of Defense (DOD) Senate Panel To Weigh Tax Reform The Bond Buyer \| Jun. 6 \| Legislative \| Tax Credits Uptown Theatre Could Get $10M Jump-Start from the State Chicago Business Journal \| Jun. 4 \| Redevelopment \| State Finance Program Rural Wind Energy Development Act Introduced Domestic Fuel \| Jun. 3 \| Energy Finance \| Green Finance \| Legislative \| Tax Credits Oak Park, IL Approves $12.6M in Incentives for Colt Site Sun-Times Media \| Jun. 2 \| Local Finance Program \| Tax Increment Finance (TIF) Bill to Remove Volume Cap from Water PABs Introduced The Bond Buyer \| Jun. 2 \| Bond Finance \| Infrastructure Finance \| Legislative Report: Keys to Successful Public-Private Partnerships Governing \| May. 30 \| Infrastructure Finance \| Public-Private Partnership (P3) Financing \| State Finance Program Panel Backs TIF to Develop Waverton Hotel Site Chicago Tribune \| May. 30 \| Local Finance Program \| Redevelopment \| Tax Increment Finance (TIF) First 12 IMCP Communities Announced Dept. of Commerce \| May. 29 \| Community Development \| Economic Development \| Local Finance Program \| Urban Development \| U.S. Economic Development Administration (EDA) \| U.S. Dept. of Housing & Urban Affairs (HUD) \| U.S. Dept. of Agriculture (USDA) \| U.S. Small Business Administration (SBA) \| U.S. Dept. of Transportation (DOT) \| National Science Foundation (NSF) \| Federal \| U.S. Dept. of Commerce (DOC) \| U.S. Dept. of Defense (DOD) Madigan: Include Small Business in Tax Credit Illinois Times \| May. 23 \| Legislative \| State Finance Program \| Tax Credits HTC Could Boost Peoria Warehouse District Redevelopment Central Illinois Proud \| May. 21 \| Community Development \| Redevelopment \| State Finance Program \| Tax Credits Northbrook Approves TIF for Mixed-Use Project Chicago Tribune \| May. 15 \| Access to Capital \| Local Finance Program \| Tax Increment Finance (TIF) >>> SEARCH HEADLINES
New Additions to the Online Resource Database
Small Towns, Big Ideas: Case Studies in Small Town Economic Development Access to Capital \| Economic Development \| Local Finance Program \| Public-Private Partnership (P3) Financing \| Redevelopment \| Rural Development The North Carolina Rural Economic Development Center released this report to help small towns create new economic opportunities, learn about successful revitalization strategies, and explore alternative project financing approaches. Improving Infrastructure Through Public Private Partnerships Infrastructure Finance \| Local Finance Program \| Public-Private Partnership (P3) Financing \| State Finance Program \| Federal The Eno Center for Transportation released this report with policy recommendations for making public-private partnerships (P3) an effective means of delivering public infrastructure from the federal and local level. SSBCI Venture Capital Program Best Practices Access to Capital \| Economic Development \| Innovation Finance \| Recommended Practices \| State Finance Program \| U.S. Dept. of Treasury \| Federal This guidebook from SSBCI offers best practices for State Venture Capital Programs to stimulate and support private investment over time. Included are recommendations for program design and implementation. >>> SEARCH ONLINE RESOURCE DATABASE
Sponsors
Venue Sponsor Annual Roundtable Sponsor Conference Supporting Sponsor For information about sponsoring the CDFA Illinois 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.