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CDFA Pennsylvania Financing Roundtable Newsletter - August 2016

CDFA Pennsylvania Financing Roundtable Newsletter - August 2016
August 10, 2016
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

PA Makes $68.1M Available For Water Infrastructure
The state of Pennsylvania is making a significant commitment to water treatment — investing $68 million for twenty drinking water, wastewater, and non-point source projects across fourteen counties through the Pennsylvania Infrastructure Investment Authority (PENNVEST).

PA Kicks Off Efforts to Revitalize Coal Country
Pennsylvania's $30 million is expected to leverage an additional $123 million in associated economic development benefits on reclaimed lands in collaboration with government and private partners, including replacing water lines, reconfiguring historic mine shafts, constructing roads and expanding infrastructure. 

New Waterfront Development Tax Credit in PA
Pennsylvania organizations hoping to increase development of public amenities and parks along Pennsylvania's waterfronts  may soon benefit from the new "Waterfront Development Tax Credit" enacted as part of Act 84, and signed into law by Governor Wolf on July 13, 2016.

2016-17 Budget Recapitalizes ‘Business in Our Sites' Program
 Department of Community and Economic Development Secretary Dennis Davin today celebrated the move to recapitalize the Business in Our Sites (BOS) program announcing that the Wolf Administration was successful in securing critical funding to support business development efforts.

Gov. Wolf Signs PA Budget
The annual Pennsylvania budget is completed. The swiftness of the deal, reached less than two weeks after the July 1 deadline, stood in contrast to the partisan divide that gridlocked the Capitol last year and had defined much of Mr. Wolf's first term.

Upcoming Events

CDFA Brownfields Financing Webinar Series: Strategic TIF Structuring for Redevelopment
Thursday, September 1 - 2:00-3:30pm Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss tax increment financing and how it can be used to compliment the redevelopment and cleanup of your brownfield project.

Intro Energy & Water Finance Course
September 13-14, 2016 - New York, NY
CDFA is excited to bring it's newest training course to New York, New York at the offices of BNY Mellon. The Intro Energy & Water Finance Course explores the wide range of tools available for financing energy & water projects and will cover how new energy production/generation, energy efficiency, retrofitting and support programs are used throughout the country to encourage investment in large and small projects alike.

CDFA Spotlight

CDFA Releases Annual Volume Cap Report
CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2015 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer. Read the Annual Volume Cap Report and explore CDFA's interactive and searchable National Volume Cap Map.

Pennsylvania News

Ex Hospital in Philipsburg PA Receives Loan From RLF
Centre Daily Times | Aug. 8 | Revolving Loan Funds (RLFs)

$18M Rittenhouse Fund Provides Venture Capital to PA
The Philadelphia Inquirer | Aug. 4 | Access to Capital | Innovation Finance

Targeted Pet Treats Facility Receives Incentives for Expansion
Pennsylvania DCED | Aug. 3 | State Finance Program | Tax Credits

P3s Successfully Used to Fund Broadband Investments
Lexology | Aug. 2 | Infrastructure Finance | Public-Private Partnership (P3) Financing

PA Did Not Have to Issue Incentives for Amazon Expansion
York Dispatch | Jul. 27 | State Finance Program | Tax Credits

New Owners of Commercial Bakery in Oakmont Roll out Some Big Plans
Pittsburgh Post-Gazette | Jul. 25 | Agriculture Finance | Food Systems Finance

Business Sites Program Gets Infusion
The Citizens' Voice | Jul. 25 | Infrastructure Finance | State Finance Program

Amazon to Add 5K New Full-Time Jobs in PA
ABC 27 | Jul. 22 | Incentives | State Finance Program

Carlisle, PA School Board Eyes TIF Plan Approval
The Sentinel | Jul. 21 | Tax Increment Finance (TIF)

PA DCED Announces Disbursement of $14.5M
PA DCED | Jul. 20 | Access to Capital | Innovation Finance | State Finance Program

Main Street Grant Money Available in Waynesboro
Herald-Mail Media | Jul. 13 | Local Finance Program

Ben Franklin to Invest $303,055 in Companies
Market Wired | Jul. 13 | Local Finance Program | State Finance Program


Sponsors

Conference Premium Sponsor

Baker Tilly Virchow Krause Ballard Spahr LLP Kutak Rock LLP NW Financial Group, LLC

For information about sponsoring the CDFA Pennsylvania Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

Job Postings

Hiring: State Programs Outreach Manager - 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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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