CDFA Ohio Financing Roundtable Newsletter - August 2017

CDFA Ohio Financing Roundtable Newsletter - August 2017
August 9, 2017



Feature
Legal Problems a Potential for State Renewable Energy Incentives The latest developments in federal courts indicate that state subsidies for renewable energy, including renewable-energy portfolio standards and mandated procurement programs, are safe from challenges, at least for now. Cleveland Clinic Health System to Issue $1B Bond Offering Sold through the Ohio Higher Educational Facility Commission, the refunding deal includes $840 million in tax-exempt bonds and $160 million that are taxable, according to the preliminary official statement. Akron Community Revitalization Loan Fund Reaches Its Capitalization Goal The Akron Community Revitalization Loan Fund is fully capitalized and ready to provide financing for business development projects in distressed and urban areas of Akron, the Development of the Western Reserve announced in a news release. $696K Loan Issued to Support Covington, OH Wastewater Treatment Created in 1989, the Water Pollution Control Loan Fund (WPCLF) provides below-market interest rate loans for communities to improve their wastewater treatment systems. The 1 percent interest rate on the $696,000 loan will save the village an estimated $211,000. Could an $80M Tax Credit Bring More Movies to OH? Thanks to the $40 million Ohio Motion Picture Tax Incentive, productions like White Boy Rick and "American Ninja Warrior" are just a few that have turned their lens on The Land this year—and in light of the State of Ohio's recent renewal for the 2017-18 fiscal year, they're likely to keep on coming. Columbus, OH Metro Park to Redevelop Quarry and Landfill with TIF The developer expects to use the tax-increment financing diversion of increased property taxes and other economic development tools to finance roads and utilities for the park facilities and homes. OH Launches Panel to Review $9B in Incentives Doled Out Annually State legislative leaders acted under pressure recently to launch a panel of their own making that's supposed to investigate the $9 billion-plus in tax credits, deductions and exemptions Ohio doles out each year.
Upcoming Events
CDFA Ohio Conference September 7, 2017 - Columbus, OH Join the CDFA Ohio Financing Roundtable, in partnership with OEDA, for the ninth annual conference. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Ohio economy going forward.
Ohio News
OH Tax Credits Will Attract $1.4B in Investments Across the State Office of the Governor of Ohio \| Jul. 31 \| Tax Credits $50K in Grants Will Support DFWR's Akron Community Loan Fund Development Fund of the Western Reserve \| Jul. 27 \| Revolving Loan Funds (RLFs) Cleveland Heights Considers $100K RLF for evoDOMUS, LLC. cleveland.com \| Jul. 27 \| Revolving Loan Funds (RLFs) Property Tax Deal Proposed for NuCLEus Project in Cleveland, OH FOX 8 \| Jul. 24 \| Tax Increment Finance (TIF) DFWR Dedicated $6.75M NMTC Allocation to Akron Community Loan Fund Development Fund of the Western Reserve \| Jul. 18 \| Community Development \| Revolving Loan Funds (RLFs) \| Tax Credits OH Film Tax Credit is Good for Cleveland News 5 \| Jul. 13 \| Tax Credits Historic Tax Credits are Vital to Canton, OH CantonRep \| Jul. 12 \| Historic Preservation \| Tax Credits PACE Used for Rooftop Solar for the First Time in OH eNews Channels \| Jul. 12 \| Energy Finance >>> SEARCH HEADLINES
Sponsors
State Partner Principal Sponsor Premium Sponsor Supporting Sponsor For information about sponsoring the CDFA Ohio Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
New Members
City of Twinsburg - Twinsburg, OH
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.