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CDFA Minnesota Financing Roundtable Newsletter - October 2016

CDFA Minnesota Financing Roundtable Newsletter - October 2016
October 12, 2016
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CDFA Minnesota Financing Roundtable Newsletter

Feature

MN Congressional Delegation Upset over Political Subdivision Rules
In a letter penned to the Treasury and IRS last month, Minnesota's two Senators and eight House members said they are concerned that some of the state's port authorities, housing authorities and redevelopment authorities could lose the tax-exempt status of their bonds.

Minnesota Brownfields: A Resource Guide
This resource guide assists Minnesota stakeholders in undertaking brownfield redevelopment by providing a concise overview of some potentially useful local, state, and federal assistance programs, their eligibility requirements, and contact information for learning more about each.

MN Rural Finance Authority to Offer Zero Interest Loans
The Minnesota Rural Finance Authority (RFA) has lowered its interest rate on the Disaster Loan program to zero percent to help farmers cover the costs to replace and repair items lost or damaged due to flooding and not covered by insurance.

Three Major MN Transportation Plans Up For Public Review
The Minnesota Department of Transportation invites the public and transportation stakeholders to review and comment on three key transportation plans that will shape the future of transportation in the state and direct billions of dollars of investment during the next 20 years.

U of M and gener8tor Announce Partnership to Support Startups
Under the public-private partnership, gener8tor will work with OTC's Venture Center to administer its Discovery Capital Investment Program, which the University launched in 2014 to provide matching seed capital equity funding for promising University startups.

4 MN Tribal Projects Receive USDA Grants
USDA funding will help the Red Lake Band of Chippewa Indians with infrastructure for four essential community facilities, ranging from public safety to health care and including funds to construct a new chemical dependency treatment center.

St. Paul Sells Penfield Apartments
The city closed on a $65.5 million sale of the downtown St. Paul complex at 101 E. 10th St. on Sept. 22. The city developed and built the 254-unit luxury apartment building for $62 million after the original developer pulled out of the project during the Great Recession.

Kandiyohi County, MN Commits to Issuing Bonds for Rural Broadband
The Kandiyohi County Board committed to issue up to $5 million worth of bonds as its share of a proposed $10 million rural broadband development project in partnership with Consolidated Telephone Co. of Brainerd.

MN Panel to Investigate Benefit of Building Land Bridge on I-94
A panel of real estate specialists and other experts will release an executive summary of their findings next month which examines three caps: one in Rondo, another connecting downtown Minneapolis to Cedar-Riverside and the University of Minnesota's West Bank, and a third near Farview Park in north Minneapolis.

Upcoming Events

CDFA's 30th National Development Finance Summit
November 2-4, 2016 - New Orleans, LA
Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

Minnesota News

First Elevated Bikeway Opens in St. Paul
TwinCities.com | Oct. 10 | Economic Development | Infrastructure Finance

Hot Mankato Has More Jobs Than Workers
Star Tribune | Oct. 10 | Economic Development

Success of Small Businesses Owned by African Immigrants and Refugees Celebrated
PR Newswire | Oct. 4 | Access to Capital

USDA Grant to Study Waste Power Plant in MN
Electric Light and Power | Oct. 4 | Economic Development | Rural Development

Duluth Plans for Brownfield Redevelopment in Neighborhoods
WDIO-TV | Sep. 30 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)


Sponsors

Conference Premium Sponsor

Baker Tilly Virchow Krause

Conference Supporting Sponsor

AgStar Financial Services Community Reinvestment Fund

For information about sponsoring the CDFA Minnesota 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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