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CDFA New York/New Jersey Financing Roundtable Newsletter - March 2017

CDFA New York/New Jersey Financing Roundtable Newsletter - March 2017
March 1, 2017
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

Welcome to the All New CDFA.net Featuring State Pages
CDFA is proud to announce the new CDFA.net website. A year in the making, this new site provides all of CDFA's vast resources with better style, navigation and resources. New additions to the website include state focus pages. Check out events, news, and resources available in New York and New Jersey and all that we have to offer today.

Food Companies Leverage EDA Resources and NJ's Unique Assets to Support Growth
New Jersey's food and agriculture industry is estimated to produce $105 billion in revenues annually. The State is home to more than 1,900 food manufacturing companies employing approximately 31,000 people, according to a Rutgers University study. These numbers do not include the State's thousands of food-distribution centers, retailers, and farms.

Cuomo Hopes to Extend Film and TV Tax Credit in NY
NY's film and TV tax incentive is worth $420 million per year. And although it is set to expire in 2019, Governor Andrew Cuomo has proposed extending it as part of this year's budget through 2022.

NJ Lawmakers Clash on Sanctuary City Bill
New Jersey lawmakers are debating a bill introduced in both the state Senate and Assembly that would require the state to reimburse municipalities that defy President Trump's ban on "sanctuary cities."

Surge of EDA Approvals for NJ's Angel Investor Tax Credit Program
The New Jersey Economic Development Authority (EDA) announced the approval of a record-breaking 251 applications through the State's Angel Investor Tax Credit Program in 2016, representing the injection of more than $96 million in private capital into technology and life sciences companies throughout the Garden State. In the fourth quarter of 2016 alone, the EDA approved 198 applications.

NJ EDA Programs to Enhance Commercial Corridors in Growth Zones
The Board of the New Jersey Economic Development Authority (EDA) acted today to expand support of small business growth in Garden State Growth Zones (GSGZs) through the creation of the Business Lease Incentive (BLI) and Business Improvement Incentive (BII) programs.

$20M of LIHTC's Support Strong Families Fund Developments
The Strong Families Fund (SFF) announced that it is providing equity financing for two affordable housing developments—the renovation of Abbey Church Village in Dublin, Ohio, and Hillside View Apartments in Schenectady, N.Y.

States See Value in Backing 'Food Hubs' for Farmers, Consumers
The growth in locally sourced food, a market that totaled $12 billion in sales in 2014 and could reach $20 billion by 2019, coincides with rising consumer demand for healthier fresh food that is often grown organically and with environmentally friendly practices and food hubs are capitalizing on this market.

CDFA Releases 2017 Policy Agenda
CDFA is proud to release its 2017 Policy Agenda. Our agenda outlines numerous recommendations to some of the nation's most difficult development finance issues, and we hope that Congress and the Administration will use our recommendations as a roadmap to improvements in these areas. To read The Bond Buyer's overview, click here.

Upcoming Events

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
March 9, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss Private Activity Bonds and how they can be used to compliment the redevelopment and cleanup of your brownfield project.

Intro Incentives WebCourse
April 5 - 6, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

CDFA Spotlight

CDFA Online Brownfields Project Marketplace
February 23, 2017 - 12:00 - 5:00 PM Eastern CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on February 23, to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

New York/New Jersey News

New Look, Same Location: CDFA's Website Update
CDFA | Feb. 23 | CDFA Original Research | Member News

CDFA Agenda Includes Pushing for Bond Bills, Supporting Tax Exemption
The Bond Buyer | Feb. 2 | Bond Finance | Energy Finance | Federal | Legislative | Member News


Sponsors

State Partner

New York State Economic Development Council

Principal Sponsor

Hawkins Delafield & Wood LLP New Jersey Economic Development Authority Stradley Ronon

Premium Sponsor

NW Financial Group, LLC

Supporting Sponsor

ThinkForward 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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
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
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor