Scholarships are available to attend this year's CDFA Virtual Summer School, which will feature three different training courses from August 1 to 4. Topics covered during this week will include the Fundamentals of Economic Development Finance, Bond Finance, and Rural Development Finance. Don't miss this opportunity to expand your professional development!

Council Bluffs accepted a $500,000 grant from the U.S. Environmental Protection Agency for cleanup of the former Reliance Battery Manufacturing Company site. Council Bluffs is one of 265 communities awarded funds from the $254.5 million in Brownfields grants.

The City of Phoenix has begun creating a $500 million bond package it will put before voters in November 2023 to fund a variety of construction and renovation projects that have yet to be identified. The package is the city's first general obligation bond package since 2006.

An $800,000 grant which the county received from the federal EPA several years ago will be used to establish a revolving loan fund to clean up Brownfield sites in the county. The program is expected to be launched some time this year.

Indiana will receive $127 million in federal funding every year for the next five years from the recently passed infrastructure law to address lead pipes and wastewater issues. Environmental Protection Agency Administrator Michael Regan called for the money to be invested in underserved communities. A majority of the money will go to the State Revolving Fund Loans Programs.

As the City of St. Louis deals with an unprecedented windfall in federal COVID-19 relief funds, Mayor Tishaura Jones has a new tool to help gauge local priorities: a survey of a broad group of residents and other stakeholders. The city's "ARPA Needs Survey" drew 4,215 responses, more than 77% of them from city residents.

Finance Director Penny Smith said Huntsville TIFs have contributed directly to continued growth and public improvements. TIFs allow municipalities to borrow money for projects within a designated district and then repay bonds using property tax proceeds. Utilizing TIF proceeds also positively impacts the City's financial footing, as rating agencies view a successful TIF as a sign of a stable local economy.

The Kroger Company has announced a 35,000 square-foot expansion at Tamarack Farms Dairy in Ohio to support the implementation of what it calls a  "state-of-the-art" aseptic milk line. The facility serves approximately 160 stores in Ohio and West Virginia and provides products for Kroger's e-commerce channel. The new line will allow the facility to support over 150 jobs.

We are currently looking for a Senior Associate level candidate to join our practice. The Site Selection & Incentives Advisory practice will assist companies in assessing and selecting new locations for their companies and accessing the myriad tax and other financial incentives offered by state and local governments in return for their investment initiatives and economic activity.

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