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Many cities are excited to get to work on smart cities initiatives, but a new report finds that only 16 percent are prepared to fund their projects.

Today, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).

Sustainable economic development is reportedly important to a majority of economic development leaders, yet a triple bottom line approach is not a common practice. Why?

Delivering needed assistance to Minnesota's 74,000 farmers, Governor Mark Dayton today signed the bipartisan $35 million Rural Finance Authority Legislation (H.F. 14) into law. The new funding will allow the Authority to continue offering eligible Minnesota farmers affordable financing and terms and conditions not offered by other traditional lenders.

Mayor Steve Benjamin of Columbia, SC demonstrates the importance of tax-exempt municipal bonds to 21st Century America by explaining the numerous ways they support infrastructure investment nationally.

The Modernizing American Manufacturing Bonds Act (H.R. 1115) was reintroduced in the US House of Representatives by Reps. Randy Hultgren, R-Ill., Richard Neal, D-Mass., and Jim Renacci, R-Ohio. MAMBA would would modernize and ease tax law restrictions for small bond issues used to finance manufacturing facilities.

The Government Finance Officers Association's executive board has approved a series of new and revised best practices that make recommendations to issuers about refundings, investing their public funds, and procuring financial services.

This past December marked the official start of GASB 77, a new accounting standard requiring all government agencies to report tax abatements as lost revenue. How do these changes affect development finance agencies, audit requirements, and the negotiation of future tax abatement deals? During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an in depth look into the implications of this new accounting standard.

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