Development Finance Review Weekly - September 3, 2020
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Feature |
The COVID-19 Community Vulnerability Index (CCVI)
Every community in the US will be affected by COVID-19, but the impacts will not be the same in each. This index - developed by Surgo Foundation and featured as a CDC resource - identifies which communities may need the most support as coronavirus takes hold. Mapped to US census tract, county, and state levels, the CCVI helps inform COVID-19 planning and mitigation at a granular level.
New Federal Eviction Moratorium Covers Most Renters Through the End of the Year
Most renters who can't afford to pay rent will be protected from eviction under an order issued Tuesday, a move that comes as state and local bans imposed at the beginning of the pandemic are expiring. The order, issued by the Centers for Disease Control and Prevention, is meant as a supplement to state and local bans, saying ones with tougher regulations will remain in place.
Steps for Ag Lenders to Mitigate Climate Risk and Finance Resilience
Farmers in the U.S. are facing severe challenges including poor economic conditions, extreme weather, and disruptions from COVID-19. These risks also impact farmers' financial partners, including agricultural lenders. While some of these risks are difficult to anticipate and plan for, there are growing opportunities and resources available for farmers and their lenders to better understand their vulnerabilities related to climate change — and take steps to build resilience.
Why Senate Republicans and the White House Can't Agree on Badly-Needed COVID Aid
U.S. Senators left Washington this week without taking action on another round of legislation to respond to the continuing COVID-19 crisis. Why has this proven so difficult? It has to do with divisions among Republicans.
Farmers Increasingly Turning to Non-Traditional Lenders
A Kansas State University agricultural economist says that non-traditional lenders are becoming a bigger part of doing business in farm country. The majority of farmers use farm credit lenders and commercial banks to finance purchases of land, equipment, crop insurance, or other expenses. But there are three categories of lenders that producers are now turning to as alternatives.
USDA Implements the OneRD Guarantee Loan Initiative
United States Department of Agriculture Deputy Under Secretary for Rural Development announced that USDA is implementing the OneRD Guarantee Loan Initiative, releasing new information on rates and terms that will help lenders apply for loan guarantees to support rural businesses, infrastructure, and community facilities and increase private investments in rural America.
Is This the End for America's Mom and Pop Stores?
Now economists fear that the economic shock of coronavirus will prove ruinous for tens of thousands of mom-and-pops, with dire consequences for not only the businesses affected but also the independent, entrepreneurial streak that is hard-wired into the nation's psyche.
Minority Entrepreneurs at a Tipping Point as Black-Owned Banks Dwindle in the U.S.
Black Americans have been hit disproportionately hard by the COVID-19 pandemic, and the white-led financial institutions that could theoretically offer economic support may simply not be enough. The coronavirus pandemic has exacerbated a crisis for Americans already facing poor economic and health outcomes and highlights the lack of financial services institutions run by Black founders and executives.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
California, New York Deals Take Center Stage as Issues Crowd Into the Marketplace
Municipals started out the month with a firm tone, ending the day little changed amid an avalanche of new issuance. Yields rose by as much as one basis point on the long end Tuesday, looking at some AAA scales.
Transportation Groups Seek Short-Term Funding Fix, Urge Replacement of the Gas Tax
Transportation groups are advocating for a year-long extension to existing federal highway funding that would give state and local governments more budgetary confidence while lawmakers hopefully create a more sustainable long-term plan.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
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Upcoming Webcasts |
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This Week's Headlines |
PACENation Announces 2020 PACESetters and PACE Champions
PR Web | Sep. 2 | Energy Finance | Green Finance | Local Finance Program | Member News | Property Assessed Clean Energy (PACE)
Cuomo Governor Announces New Guidance for Agritourism Businesses as Fall Approaches
Empire State Development | Sep. 1 | Access to Capital | Disaster Recovery & Relief | Economic Development | COVID-19
EXIM Approved 162 Small Business Authorizations Totaling $167.4M, Supporting 600 U.S. Jobs in July 2020
EX-IM Bank | Sep. 1 | Economic Development | Export Import Bank of the United States (Ex-Im Bank) | Federal | International
Solar and Wind Made Up Two-Thirds of New Global Power Generation Capacity in 2019
Green Tech Media | Sep. 1 | Energy Finance | Green Finance
New Co-op Grocery Opens in Downtown Kansas City, KS
Wyandotte Daily | Aug. 31 | Bond Finance | Food Systems Finance | Public-Private Partnership (P3) Financing | Revolving Loan Funds (RLFs) | Tax Credits | Tax Increment Finance (TIF) | Case Studies
Rural California Transit Agency Reinvents Itself During COVID
Governing | Aug. 31 | Disaster Recovery & Relief | Infrastructure Finance | Rural Development | U.S. Dept. of Transportation (DOT) | COVID-19
Wisconsin and Minnesota Fuel Movement to Get More Black Farmers on Land
Duluth News Tribune | Aug. 31 | Access to Capital | Agriculture Finance | Food Systems Finance | Revolving Loan Funds (RLFs) | Tax Credits
Business Leaders and Chester County, NY Join for Coronavirus Recovery Effort
Daily Local | Aug. 30 | Access to Capital | Community Development | Disaster Recovery & Relief | Economic Development | COVID-19
EPA Awards $38.4M to Maryland for Water Quality Improvement Projects
EPA | Aug. 27 | Brownfield Financing | Revolving Loan Funds (RLFs) | Water Finance
Iowa Governor Allocates $100M in CARES Act Funding to Support Agriculture
Iowa's News Now | Aug. 27 | Access to Capital | Agriculture Finance | Food Systems Finance
Loan Funding Is Still Available to Haywood County, NC Business Owners
The Mountaineer | Aug. 27 | Access to Capital | Disaster Recovery & Relief | Local Finance Program | COVID-19
Longview, WA Revolving Loan Fund Gets $540K CARES Funding Boost
The Daily News | Aug. 27 | Access to Capital | Disaster Recovery & Relief | Local Finance Program | Revolving Loan Funds (RLFs) | COVID-19
New York City Regional Center-Managed Entity Receives Third New Market Tax Credit Award for Community Investment Projects
ForexTV | Aug. 27 | Access to Capital | Community Development | Tax Increment Finance (TIF) | Community Development Financial Institutions (CDFIs) | Federal New Markets Tax Credits (NMTCs)
Over $6M Remains in Columbus COVID-19 Small Business Response and Recovery Fund
Metropreneur | Aug. 27 | Access to Capital | Disaster Recovery & Relief | State Finance Program | COVID-19
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New Additions to the Online Resource Database |
Forward-Looking Statements in Municipal Disclosures
Bond Finance | Disaster Recovery & Relief | Municipal Securities Rulemaking Board (MSRB)
Due to recent events related to COVID-19, the SEC released a public statement on May 4, 2020 encouraging municipal issuers and issuers to consider voluntary disclosures of forward-looking information regarding the potential future impacts of COVID-19 on current financial and operating conditions and future results of operation.
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National Sponsor Spotlight |
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Bricker & Eckler LLP
Bricker & Eckler LLP, is one of Ohio's leading law firms. Located in Columbus, Cleveland and Cincinnati-Dayton, the firm represents corporations, nonprofit organizations, government agencies, health care facilities, school districts, and...
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Bryan Cave Leighton Paisner LLP
Formed by the combination of Bryan Cave and Berwin Leighton Paisner, global law firm Bryan Cave Leighton Paisner LLP is purposely structured in a way few other law firms are, as a fully integrated international team that provides clients with clear,...
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Business Oregon
Business Oregon works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and...
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Partner Spotlight |
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Institute of Economic Development (IED) - United Kingdom
The Institute of Economic Development (IED) is the UK's leading independent professional body representing economic development and regeneration practitioners. Established over 30 years ago, the IED's key objective is to represent the interests of...
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CDFA Bookstore |
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New Members |
Cowlitz-Wahkiakum Council of Governments - Kelso, WA
Melvin Securities, LLC. - Palm Desert, CA
U.S. Department of Agriculture-California - Visalia, CA
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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