CDFA is pleased to announce Shirlynn Fortson, Economic Development Director for the City of Brookhaven in Georgia, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. As a new graduate, Mrs. Fortson joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

Five years ago, Denver made a list of people most often involved with jail, detox centers, and emergency rooms — and then offered them housing. The program was so successful at keeping people in stable housing and out of jail, that the U.S. Treasury Department has offered the city more than $6 million in new federal aid, if the program can demonstrate a comparable drop in Medicare and Medicaid billings over the next seven years.

Traditional development finance tools can be used to support food-related businesses and projects, leveraging further investment to catalyze local and regional food systems. Food can be a powerful tool for revitalization, in terms of both economic growth and improvements to the built environment. Register today for the last Federal Financing Webinar of 2021.

The Senate has said it aims to pass the Build Back Better Act before Christmas. Here are some of those less visible slices of spending that Next City is keeping an eye on, along with some ways we keep informed about these programs as they move through the process to implementation.

To accelerate the transition to electric vehicles, every burg along our "blue highways" is going to need a place for motorists to plug in. For states, that means tax credits, matching grants, or similar incentives. But we're not talking big money.

The USDA is investing $222 million to build and improve critical community facilities in 44 states, Guam, Northern Mariana Islands, and Puerto Rico. This community infrastructure funding will benefit nearly 2.5 million people in rural communities. It also includes $132 million to support health care, food security, and emergency response services for more than 850,000 rural residents in 37 states.

The Act amends the tax-exempt bond provisions of the Internal Revenue Code (Code) to enhance the financing options available to state and local governments to address the highlighted infrastructure needs. Specifically, the package adds two new categories of exempt facility private activity bonds (PABs) and additional volume cap for transportation PABs.

The California Rebuilding Fund is a partnership between state and local governments and private organizations that provides loans to small businesses in underserved communities. Through this partnership, California leverages private sector resources toward addressing the pandemic's impact rather than relying on public resources alone to support the enormous needs of California's small businesses.

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

Congress has passed the Infrastructure Investment and Jobs Act of 2021, which President Biden signed on November 15, 2021. The Act includes approximately $65 billion in funding opportunities for the deployment of broadband services in rural areas. In addition to the creation of a broadband grant program, the new legislation modifies Section 142(a) of the Internal Revenue Code to add broadband as an allowable use for qualified private activity bonds.

CDFA seeks a motivated, well-organized and energetic individual to fill the position of Coordinator, Development. The Development Coordinator is responsible for assisting with CDFA's membership and sponsorship efforts to ensure that organizations and sponsors receive the highest level of customer service.

CDFA seeks a motivated, well-organized and energetic individual to fill the position of Coordinator, Programming. This position will be responsible for helping to coordinate the day-to-day administration of various CDFA programming events.

This position is responsible for the management of the statewide Brownfield Revolving Loan Fund (BRLF) program and provides advanced professional level program administration, technical assistance and contract management activities for the BRLF program in support of community and economic development activities through the redevelopment of brownfield sites.

>>> SEARCH HEADLINES   

This brief analyzes U.S. EDA data from 2010 to 2019 to paint a broad picture of the agency's programs and grantmaking activities. During this period, EDA invested an average of $361 million a year across its programs.

The Employee Ownership Expansion Network and Ownership America gave this presentation on how the State Small Business Credit Initiative (SSBCI) can be used to promote employee ownership of small businesses.

The U.S. Department of Commerce's Minority Business Development Agency (MBDA) awarded $3.9 million in federal funding to thirteen grant recipients to establish MBDA American Indian, Alaska Native, and Native Hawaiian (AIANNH) projects. To support Tribal and native business growth, the AIANNH Projects aim to address one or more of three strategic initiatives: innovation and entrepreneurship; strategic planning; and/or transformative projects.

Tulsa Remote, one of the nation's first and largest remote worker relocation initiatives, has brought more than 1,200 remote workers to the city since 2018 by offering a $10,000 grant and additional support services to eligible workers who move to Tulsa to live and work remotely from there for at least one year.

>>> SEARCH ONLINE RESOURCE DATABASE