Unlock Funding: Join CDFA's Greenhouse Gas Reduction Fund Workshop
Join CDFA for an exclusive online workshop that will dive deep into the Greenhouse Gas Reduction Fund (GGRF) and its pivotal components, including the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). The GGRF Readiness Workshop will equip you with the knowledge and tools needed to navigate and leverage these significant funding opportunities effectively. Don't miss out on the chance to enhance your funding strategy and boost your project's success!
Mad Ag's New Model for Expanding Regenerative Organic Agriculture
Minneapolis-based Mad Markets, a division of Mad Agriculture and for-profit entity registered as a public benefit organization, is announcing the acquisition of Timeless Seeds, a Montana-based company started by four farmers to get organic lentils, grains, and other crops processed and distributed into the market. Funding for this deal is coming from Terra Regenerative Capital, a public benefit investment company, and Builders Vision, an impact platform, which is anchoring the investment in Timeless Seeds. Together with Blueberry Capital and twenty-four other mission-aligned investors, Mad Markets plans to launch an acquisition strategy for infrastructure across the country, starting with this purchase.
Join CDFA for Our Upcoming Intro Tax Credit Finance WebCourse
Register for CDFA's Intro Tax Credit Finance WebCourse, taking place on September 25-26. Join us in learning about the application of tax credit programs and their use in greater economic development finance efforts. Our panel of expert speakers will discuss tax credit programs, including new markets, low-income housing, historic preservation, and state-specific programs.
$15M Invested to Help Underserved, Small-Acreage Landowners Access Climate Markets
The U.S. Department of Agriculture's (USDA) Forest Service is investing $15 million to connect underserved and small-acreage forest landowners with emerging climate markets. This funding is thanks to forest landowner support provisions in President Biden's Inflation Reduction Act. In total, nine proposals across 14 states were selected to receive funding. This announcement complements ongoing efforts at USDA to facilitate farmer, rancher, and private forest landowner participation in voluntary carbon markets, including implementing the Growing Climate Solutions Act.
First Wave of Business Builder Funding Available to Farm, Food Entrepreneurs
The U.S. Department of Agriculture (USDA) and Heartland Regional Food Business Center have unveiled more than $3.7 million in Business Builder grants to support small, mid-sized, and diverse food and farm entrepreneurs. The funding aims to drive business growth and job creation and increase the availability of local products across Nebraska, Iowa, Kansas, Missouri, Oklahoma, and northwest Arkansas.
Fractal Agriculture Expands Farmer-Aligned Equity Investment Product
Fractal, a U.S.-based company helping to solve a key gap in farmer financing, has announced an expansion of their farmland co-investment product. Fractal has raised more than $15 million of capital and has deployed $8 million to leading farmers across the Midwest. This capital comes with lower and more flexible annual payments than traditional debt in return for equally sharing in the upside or downside of farmland appreciation.
Palatine, IL Commits TIF Funds for Cook, Cork & Fork Expansion
Palatine will contribute up to $54,000 in tax increment financing (TIF) funds toward the expansion of a downtown business. The village council voted to assist Cook, Cork & Fork, 34 W. Palatine Road, which offers gourmet kitchenware and cooking classes. The money will come in the form of a reimbursement from the Downtown TIF District Facade & Interior Building Improvement Grant Program.
Nebraska City, NE Approves $1M for GoodLife Agriculture
Nebraska City commissioners and the city's taxpayers joined in the business risk for GoodLife Agriculture's aquaculture facility with the approval of a $1 million forgivable loan. The city's economic development fund will stand to receive $50,000 a year in interest on the loan, which is scheduled to be repaid over 10 years. However, portions of the loan are forgivable based on the company's annual payroll in 2028.
Brownfield Grants Make Way for Economic Development in Columbus, OH
Ohio is spending hundreds of millions of dollars to turn sites that used to be considered hazardous into bustling new attractions. Since 2021, the state has distributed $450 million for 374 projects across nearly every county in Ohio. The latest addition, The Little Grand Market, is a new food hall in Columbus that's home to a dozen restaurants and bars.
Fibers Fund Makes First Loan to Pennsylvania Flax Project
The Fibers Fund announced its inaugural loan, provided to the Pennsylvania Flax Project as part of a comprehensive integrated capital support package. This first loan will empower PA Flax Project, a woman-led cooperative business, to advance its mission of reestablishing the fiber flax industry in Pennsylvania and the greater Northeastern U.S. The loan is structured as a forgivable bridge loan that leverages PA Flax Project's $1.68 million USDA Organic Market Development Grant award, providing start-up operational costs and salary advances necessary to unlock this grant.
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