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CDFA Kentucky Financing Roundtable Newsletter - June 2017

CDFA Kentucky Financing Roundtable Newsletter - June 2017
June 14, 2017
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CDFA Kentucky Financing Roundtable Newsletter

Feature

$16M Investment Completes Water Supply to Hardin County
The District received a $6 million grant from the Kentucky Cabinet for Economic Development and a $500,000 grant from the Kentucky Infrastructure Authority to cover part of its $16.0 million cost. The USDA Rural Development provided a $5.0 million loan and the District contributed $4.5 million.

KEDFA Approves $70M Bond Issuance for Kroger Distribution Center
The Kentucky Economic Development Finance Authority approved the issuance of up to $70 million in industrial revenue bonds to finance a massive Kentucky distribution center for Cincinnati-based grocery giant Kroger.

New KY Law Paves Way for Infrastructure Investments
P3 Kentucky, a new communications hub, will help inform and connect Kentucky's local and state leaders who are considering public-private partnerships to solve pressing needs for water and sewer improvements, economic development projects and other public infrastructure investments.

EPA Awards $900K in Brownfield Grants to KY
The U.S. Environmental Protection Agency (EPA) has selected four projects to receive a total of five grants in Kentucky for brownfield assessment or cleanup. Benefited communities include Bowling Green, Estill County, Berea, and Middlesboro.

Future of KY Angel Tax Credit is Uncertain
The uncertain future of a state angel tax credit threatens to undermine entrepreneurial activity in the commonwealth, which already has declined in the last few years, business insiders say. A local venture capitalist said the credit was critical to attracting investments in startups.

KY Road Fund Restart
Drops in gas prices are a cause for rejoicing in most business quarters, unless you're in the business of building roads. Kentucky has been all but out of the highway construction business for a year, having hit the brakes to keep its Road Fund from falling completely to empty.

Upcoming Events

CDFA Summer School
August 7 - 11, 2017 - Minneapolis, MN
CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

USDA Rural Community Development Initiative + Grant Application Tips
July 14, 2017 - 1:00PM Eastern
During this special webinar from CDFA, learn from expert speakers and previous awardees as we discuss the RCDI program, how to apply, and recommendations for successful applications.

Kentucky News

Exploring Venture Capital in KY
The Lane Report | Jun. 12 | Access to Capital | Innovation Finance

$350K in KY Tax Credits Supports Distillery Expansion
The Advocate-Messenger | Jun. 8 | Incentives | Tax Credits

Linak Announces $33M Expansion in Louisville, KY
Commercial Property Executive | May. 11 | Incentives


Sponsors

For information about sponsoring the CDFA Kentucky Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.


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.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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