Scholarships are available to attend this year's CDFA Virtual Summer School, which will feature three training courses from August 1-4. Topics covered during this week include the Fundamentals of Economic Development Finance, Intro Bond Finance, and Intro Rural Development Finance. Don't miss this opportunity to expand your professional development!

A new day dawns in Pennsylvania for mixed use residential rental projects and C-PACE financing. C-PACE financing provides borrowers with a low-cost, long term financing option that typically supplements senior financing from traditional banks and can act to reduce required equity needed for a given project.

Gov. Phil Murphy and New York Gov. Kathy Hochul signed a first agreement delineating how the two states will fund the local share Gateway project to build a rail tunnel under the Hudson River and a new bridge across the Hackensack River, a critical step on the road to obtaining federal funding.

Langhorne Meats and Provisions, a Hannibal, Missouri-based farm-to-table butcher shop, has received a small business loan from the Hannibal Industrial Development Company. The HIDC adopted a new Revolving Loan Fund Program in support of small business to assist in economic development by providing access to funds for clients who do not fit the traditional model of private bank loans.

The U.S. Small Business Administration announced another round of Economic Injury Disaster Loan available to small businesses in six states affected by drought. Small nonfarm businesses, small agricultural cooperatives, and small businesses engaged in aquaculture may qualify for EIDL loans of up to $2 million.

The U.S. Department of Energy issued a RFI seeking public feedback to inform the Bipartisan Infrastructure Law's nearly $630 million in investments in hydropower facilities. President Biden's BIL invests in the "Maintaining and Enhancing Hydroelectricity Incentives" and "Hydroelectric Efficiency Improvement Incentives" programs to modernize the nation's hydropower facilities and produce more clean, affordable power.

USDA Rural Development's Single Family Housing Guaranteed Loan Program has options for lenders to help homebuyers finance homes across rural America. This includes manufactured homes, which can help boost the housing supply in rural America and bring homeownership within reach for millions of people.

New Jersey is getting a new tranche of federal money to clean up Brownfield sites, land that was previously used mostly for industrial purposes and may have been contaminated. The bipartisan infrastructure law signed by President Biden last year provides New Jersey with $6.5 million of the $1.5 billion in funding.

Economic Development Districts play a vital role in the EDA grant application process. Comprised of multiple jurisdictions that often cross state lines, EDDs leverage the involvement of the public, private, and non-profit sectors to establish a strategic blueprint for economic development.

We are currently looking for a Senior Associate level candidate to join our practice. The Site Selection & Incentives Advisory practice will assist companies in assessing and selecting new locations for their companies and accessing the myriad tax and other financial incentives offered by state and local governments in return for their investment initiatives and economic activity.

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