CDFA Michigan Financing Roundtable Newsletter - November 2014

CDFA Michigan Financing Roundtable Newsletter - November 2014
November 12, 2014



Feature
MMDC Announces RLF to Help Mt. Pleasant Businesses Middle Michigan Development Corporation (MMDC) announced a new regional loan fund to bring more opportunities for Pleasant-based businesses and to create increased lending activity. The loans can be for real estate, equipment, or working capital. Brownfield Plan Approved for Birmingham, MI Site The Birmingham, MI City Commission has approved a brownfield plan for a new three-story building to be built on the site of the former Green's Art Supply. According to Downtown, the developer will be getting funds from a TIF district. Michigan to Fight Blight Using $75M in Federal Funding The Michigan State Housing Development Authority plans to address blight issues in 12 cities using $75 million in federal funding according to Detroit Free Press. The plans follow the 2013 kickoff of a major blight-removal effort for the state. Cedar Rapids, MI Council Backs Three TIF deals City Council endorses three TIF incentives. The projects include The Hunter Companies' project, the Berthel Fisher project, and the New Pioneer project. MEDC Awarded CDFA Distinguished Development Finance Agency Award CDFA will present the CDFA Distinguished Development Finance Agency Award (State Agency) to Michigan Economic Development Corporation (MEDC) at the 2014 CDFA National Development Finance Summit in Scottsdale, AZ. MEDC has been key in Michigan's re-emerging economy.
Upcoming Events
Intro Tax Increment Finance Course December 9-10, WebCourse The Intro Tax Increment Finance WebCourse offers an in-depth look at the guiding principles and appropriate application of TIF. This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community.
CDFA Spotlight
CDFA Announces USDA Rural Development Partnership CDFA is excited to announce a two-year partnership with the U.S. Department of Agriculture (USDA) Rural Development. This initiative will first focus on an increase in development finance education and resources for USDA's internal staff of 3,800+ field representatives. The initiative will also promote USDA funding and financing best practices for rural communities.
Michigan News
Tax Incentives Reported as Lost Income Under New GASB Rule GOVERNING \| Nov. 6 \| Economic Development \| Local Finance Program \| State Finance Program \| Tax Credits \| Federal 5 Essentials for a Successful Crowdfunding Campaign Entrepreneur \| Nov. 3 \| Crowdfunding Minimum State PAB Volume Cap Higher for 2015 The Bond Buyer \| Nov. 3 \| Bond Finance \| State Finance Program \| Internal Revenue Service (IRS) \| Federal USDA, CoBank, CPAM Rural Infrastructure Opportunity Fund Capital Peak Asset Management \| Nov. 3 \| Access to Capital \| Member News \| Rural Development \| U.S. Dept. of Agriculture (USDA) EPA Takes 2 Michigan Brownfield Sites Off List of Toxic Hot Spots Detroit Free Press \| Oct. 31 \| Access to Capital \| Brownfield Financing \| U.S. Environmental Protection Agency (EPA) Funds Aim to Boost Rural Economic Development in MI WBNS Columbus \| Oct. 29 \| Access to Capital \| Economic Development \| Rural Development \| U.S. Dept. of Agriculture (USDA) MI Brownfield Postpone Deadline For Developers MLive Media Group \| Oct. 29 \| Brownfield Financing \| Economic Development Grand Rapids' Avenue for the Arts Starts Crowdfunding Campaign through MEDC Michigan Economic Development Corporation \| Oct. 29 \| Crowdfunding EPA Accepting Proposals for Brownfield AC Grants Smart Growth America \| Oct. 27 \| Access to Capital \| Brownfield Financing \| Economic Development \| U.S. Environmental Protection Agency (EPA) More U.S. Manufacturers are Coming Home Industry Week \| Oct. 24 \| Access to Capital \| Economic Development \| Reshoring Manufacturing Sen. Candidate Talks Small Business with Community Leaders ABC 10 News \| Oct. 21 \| Access to Capital \| State Finance Program \| State Small Business Credit Initiative (SSBCI) \| U.S. Dept. of Treasury \| Federal USDA Invests $1.4B to Improve Rural Infrastructure USDA \| Oct. 17 \| Access to Capital \| Infrastructure Finance \| Rural Development \| U.S. Dept. of Agriculture (USDA) \| Federal Agriculture Industry And Food Waste The Packer \| Oct. 16 \| Community Development \| Food Systems Finance \| Rural Development USDA Rural Development Enabled Complete Renovation in MI USDA \| Oct. 15 \| Member News \| Rural Development \| U.S. Dept. of Agriculture (USDA) Three Rivers, MI Builds Its Downtown with Main Street Initiative SW Michigan's Second Wave \| Oct. 13 \| Access to Capital \| Community Development \| Economic Development 2014 National Development Finance Summit CDFA \| Oct. 11 \| CDFA Original Research \| Development Finance Toolbox >>> SEARCH HEADLINES
Sponsors
Annual Roundtable Sponsor Conference Premium Sponsor For information about sponsoring the CDFA Michigan Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
New Members
Michigan Economic Development Corporation - Lansing, MI
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.