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CDFA Michigan Financing Roundtable Newsletter - January 2016

CDFA Michigan Financing Roundtable Newsletter - January 2016
January 13, 2016
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CDFA Michigan Financing Roundtable Newsletter

Feature

MI, Fiat Chrysler Reach Deal on Tax Credits
Fiat Chrysler will have to spend an additional $1 billion on Michigan facilities over 15 years to qualify for $1.9 billion in tax credits under an agreement approved by the state's economic development board that amends a 2010 deal.

Overview of Michigan's Program Investments and Outcomes
In order to create a comprehensive picture of the economic development landscape, C2ER reviewed data from a range of state statutes, reports, and websites. The numbers contained in this report are CREC and C2ER's best estimate of the dollars spent on economic development incentives at the state level in Michigan.

Brownfield Funds Help SJ Twp. Company with $6M Expansion
The Berrien County Board of Commissioners approved $222,195 in brownfield funding for Hanson Systems, which will allow for a $6 million expansion of its subsidiary, Eagle Technologies.

P3 Innovation - Lights in Detroit Metro Region
The Michigan Department of Transportation and Freeway Lighting Partners reached commercial and financial close on the Detroit Metro Region Freeway Lighting Project.  This contract is the first freeway lighting project P3 in the United States.

Michigan Strategic Fund Investments Expected to Generate $120.6M
Michigan Strategic Fund approved business expansions and community improvement projects expected to generate nearly $120.6 million in new investments and create 258 jobs in Kalamazoo, Lansing, Alpena, Dearborn and Romulus.

Upcoming Events

Fundamentals of Economic Development Finance WebCourse
January 27-28, 2016 - Daily: 12-5pm (EST)
The Fundamentals Course is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

Michigan News

All But Two States and Puerto Rico Can Issue More PABs in 2016
The Bond Buyer | Jan. 5 | Bond Finance

Writing for Dollars: Winning Grants for Redevelopment
Renewal & Redevelopment | Jan. 4 | Access to Capital | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

Traverse City Approves Studies for Boardman Lake Brownfield Plan
Up North Live | Jan. 4 | Brownfield Financing

Q&A: Sen. Gary Peters, D-MI.
MiBiz | Dec. 21, 2015 | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury

Lawmakers Agree on a Measure of Tax Extenders
U.S. Committee on Ways and Means | Dec. 17, 2015 | Bond Finance | Federal | Legislative | Tax Credits

MEDC Announces Crowdfunding Campaign for Collaborative Business Space in Flint
Michigan Economic Development Corporation | Dec. 9, 2015 | Community Development | Crowdfunding | Economic Development

MEDC Awards $250K Grant to Bolster MI Unmanned Aerial Industry
Michigan Economic Development Council | Dec. 9, 2015 | Community Development | Economic Development

Motor City Match Opens Applications for $500K in Grants, Loans
Crain's Detroit Business | Dec. 9, 2015 | Community Development | Economic Development | Urban Development

Redevelopment of Old Tiger Stadium Site Moves Forward
MLive | Dec. 9, 2015 | Economic Development | Redevelopment | Urban Development

$210M in Fed Funds Coming to Downtown Detroit
Daily Detroit | Dec. 9, 2015 | Community Development | Economic Development | Federal | Redevelopment | Urban Development

MI Wheat Industry Secures $76 SGI Award from MDARD
Farmers' Advance | Dec. 9, 2015 | Food Systems Finance | State Finance Program


Sponsors

For information about sponsoring the CDFA Michigan 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

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