CDFA Washington Financing Roundtable Newsletter - December 2016
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| Feature |
States Continue to Improve Transparency of Tax Incentive Programs
States have a number of tools at their disposal to promote economic policies. Supporters of lowered taxes on business argue that tax incentives are a great way to stimulate and support economic growth and equality. States have started to develop ways to address these critiques of tax incentive programs.
WA State Recycling Technology Center Wins $500K Grant
Composite Recycling Technology Center (CRTC) of Port Angeles, Clallam County has received a $500,000 i6 Challenge grant. Funding is part of the Regional Innovation Strategies (RIS) program, an initiative to spur innovation capacity-building activities in regions across the nation.
KeyBank Provides $92.5M in Bonds for Affordable Housing Near Seattle
KeyBank's Community Development Lending & Investing group has provided $95.2 million in tax-exempt bond financing to construct two affordable housing communities in the Seattle suburb of Auburn, one for families and one for seniors.
Boeing Got Illegal Tax Break for Plane Made in WA State
Boeing received an illegal tax break from Washington state as part of $8.7 billion in aid to assemble the 777X and manufacture the jetliner's carbon-fiber wing there. The tax break gave an unfair advantage to the U.S. planemaker to the detriment of overseas manufacturers.
WA Grants $485K for Environmental Reviews of Manufacturing Projects
The Washington State Department of Commerce announced $485,000 in advanced planning grants to aid four proposed manufacturing projects in eastern Washington. Targeted sectors include: clean technology, aerospace, forest products or agriculture and food manufacturing, and heavy manufacturing.
WA CERB Invests Over $1.9M in Rural Communities
The Washington State Community Economic Revitalization Board (CERB) approved $1,988,750 in grants for public infrastructure development and economic feasibilities studies targeting business growth and job creation in Clark County, the cities of George and Yakima, and the port of Shelton.
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Washington News |
Seattle Approves 30 Year $29M Bond for Affordable Housing
American City and County | Dec. 20 | Bond Finance | Community Development
New $21M Seattle RLF Targets Transit Oriented Development
Next City | Dec. 16 | Community Development | Revolving Loan Funds (RLFs)
President-elect Promises to Keep TEBs
Politico | Dec. 16 | Bond Finance | Federal
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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.
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