The Village of Ballston Spa was awarded a $153,000 competitive grant from the New York Department of State Brownfield Opportunity Area (BOA) Program for a BOA Nomination Plan. The village intends to prioritize four areas for redevelopment within the BOA to create transformative redevelopment of the central core of the village, increase access to waterfront property, and return underutilized properties to productive use.

State Sen. Dan Laughlin wants to boost tax credits for businesses that invest in Pennsylvania's most distressed, low-income communities. Laughlin has introduced Senate Bill 944 to increase tax credits for companies that invest in federally designated opportunity zones created by the federal Tax Cuts and Jobs Act in 2017. This legislation would add an additional $500 per job for each qualifying job created in a QOZ.

A half-dozen projects are set to rise along the Opportunity Corridor next year, stretching from East 55th Street to the rim of University Circle. The 3-mile boulevard, which links Interstate 490 to Cleveland's second-largest jobs hub, opened in November. It cuts through urban prairie and passes industrial relics, factories abandoned as employers and blue-collar workers trickled away over a half-century of decline.

The St. Louis Development Corporation is launching a new $15 million loan fund to spur housing development and residential mortgages across north St. Louis and low-income areas of south St. Louis. $10 million from the American Rescue Plan Act will be combined with federal New Markets Tax Credits to generate another $5 million in equity for the fund.

The Economic Development Commission, a division of the Colorado Office of Economic Development and International Trade, approved Sky Peak Technologies for the Rural Jump-Start Tax Credit Program, a Colorado incentive program that provides companies located in rural areas with significant tax breaks if they bring a new technology, product or service to the region. Sky Peak Technologies has developed a proprietary software to reduce mobile data consumption and costs for Mobile Operators.

Wichita moved forward with Riverfront Stadium replacing Lawrence-Dumont Stadium. Improving the riverfront area by activating the old ballpark space–which consisted of Lawrence-Dumont Stadium and a sea of parking–was a goal for the city's ballpark investment. The new development will include an eight-story, 150-room hotel, a six-story office building and a 200-spot parking structure. Up to $5 million in tax increment financing will be used to fund the parking structure.

The Chicago Board of Education would complete five school improvement projects through more than $28 million in Tax Increment Finance (TIF) assistance proposed to City Council today by Mayor Lori E. Lightfoot. Chicago's TIF program allocates property tax growth within designated TIF districts for public improvement projects, affordable housing, economic development and other goals.

The Los Angeles City Council officially established two first-of-their-kind economic development zones in North Hollywood and South L.A. The so-called Jobs and Economic Development Zones, or JEDI Zones, are meant to provide various forms of help on finances and regulatory requirements to small, locally owned businesses. Both JEDI Zones are part of federal Opportunity Zones, making investment in them eligible for tax breaks.

Fundamentals of Economic Development Finance Course
January 26-27, 2022 - Daily: 12:00 - 5:00 PM Eastern

Intro Bond Finance Course
February 14-15, 2022 - Daily: 12:00 - 5:00 PM Eastern

Advanced Bond Finance WebCourse
February 16-17, 2022 - Daily: 12:00 - 5:00 PM Eastern

These Underwriter positions perform a level of work examining, analyzing, and interpreting financial and or construction data that may include but is not limited to financial statements, income statements, tax statements, profit and loss statements, cash flow, construction documents such as contracts, plans, specification, blue prints, construction budgets, feasibility studies, environmental studies, geotechnical studies, change orders, notice of completion, etc.

Northwestern Indiana Regional Planning Commission is seeking an Economic Development Specialist. The position supports delivery of economic development resources under the Economic Development Administration's (EDA) CARES Act grants for NIRPC's planning activities to meet economic development goals and objectives.

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Affordable Housing has been a hot button issue over the last few years with a focus on what percentage of affordable housing should comprise a residential development. This session discussed how various tools such as Low Income Housing Tax Credits and Private Activity Bonds play a role in how these decisions are made.

On December 15, 2021, the U.S. Department of the Treasury issued this updated FAQ documents for the State Small Business Credit Initiative (SSBCI).

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