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CDFA Oregon Financing Roundtable Newsletter - August 2014

CDFA Oregon Financing Roundtable Newsletter - August 2014
August 27, 2014
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CDFA Oregon Financing Roundtable Newsletter

Feature

Sen. Wyden Highlights Success of New Markets Tax Credit
Sen. Ron Wyden (D-OR) backed the New Markets Tax Credit program in a statement highlighting Albina Head Start, which in partnership with National Community Fund and United Fund Advisors was able to expand services at five locations using the credits.

States Try to Make it Easier to Raise Money with Crowdfunding
To date, thirteen states plus D.C. have passed laws or regulations allowing startups to use crowdfunding to raise money from investors with less red tape than companies with shareholders, according to GOVERNING.

Multnomah County, OR Approves $95M Bond for Senior Housing
According to the Oregonian, Multnomah County approved a conduit issuance for Mirabella Portland, an upscale retirement home. The $95M will refinance the original variable rate construction bonds to a low fixed rate.

USDA Opens $900K for Value-Added Oregon Ag Entrepreneurs
The USDA announced $25M to help 247 businesses nationwide, including nine in Oregon, expand their operations and create new products to market. The funding is being provided through USDA Rural Development's Value-Added Producer Grant program.

Upcoming Events

2014 CDFA Oregon Financing Roundtable Conference
October 7 - Bend, OR
Join CDFA and Business Oregon for the Oregon Financing Roundtable Conference as we focus on "Financing Innovation and Entrepreneurs Through Creative Approaches." CDFA is excited to partner with Business Oregon to host this specialized initiative for the economic and development finance professionals in the state.

CDFA Spotlight

Congress Introduces Modernizing American Manufacturing Bonds Act
Rep. Randy Hultgren (R-IL) and Rep. Richard Neal (D-MA) introduced the Modernizing American Manufacturing Bonds Act (MAMBA) of 2014, H.R. 5319. H.R. 5319, supported by CDFA and hundreds of issuers throughout the country, is a comprehensive package that will modernize and revolutionize manufacturing bonds.

Oregon News

Supporting Small Businesses through Economic Development Offices
Cities Speak | Aug. 22 | Crowdfunding | Innovation Finance | Member News | U.S. Small Business Administration (SBA)

Commentary: New Markets Tax Credit Reports Ignore Success
New Markets Tax Credit Coalition | Aug. 20 | Economic Development | Legislative | Tax Credits | U.S. Dept. of Treasury CDFI Fund | Federal

U.S. Dept. of Energy Seeking Green Applicants for Loan Programs
U.S. Dept. of Energy | Aug. 15 | Access to Capital | Energy Finance | Green Finance | U.S. Dept. of Energy (DOE) | Federal

Fund Helps Small Fishermen Implement Sustainable Practices
GreenBiz | Aug. 15 | Access to Capital | Foundations | Green Finance

EPA Announces $11M for Brownfields
Environmental Protection Agency | Aug. 15 | Brownfield Financing | U.S. Environmental Protection Agency (EPA) | Federal

Three New EB-5 Regional Centers for Encore Global
PR Newswire | Aug. 14 | EB-5 Visa | Economic Development | U.S. Citizenship and Immigration Services (USCIS)

Intel Enters New Agreement for Strategic Investment Program
The Oregonian | Aug. 13 | Economic Development | State Finance Program

Obama Signs $10.8B Highway Bill
The Hill | Aug. 12 | Access to Capital | Infrastructure Finance | Legislative | U.S. Dept. of Transportation (DOT) | Federal

USDA Helping to Localize the Food System
Post and Courier | Aug. 8 | Community Development | Food Systems Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Oregon Groups Land $90M NMTCs to Spur Rural Investment
Portland Business Journal | Aug. 4 | Community Development | Rural Development | Tax Credits | U.S. Dept. of Treasury CDFI Fund

USDA Grants $30M Each to 10 Microenterprise Organizations
Economic Development HQ | Aug. 1 | Access to Capital | Innovation Finance | U.S. Dept. of Agriculture (USDA)

Moody's Officials: State Sector Stable, But Some Still Struggling
The Bond Buyer | Jul. 30 | Bond Finance | State Finance Program


New Additions to the Online Resource Database

Southern Oregon in Recovery
Economic Development | Rural Development
Josh Lehner with the Oregon Office of Economic Analysis gave this presentation at the Southern Oregon Business Conference providing an overview of the economic outlook for Southern Oregon along with opportunities for growth.

2013-15 Innovation Plan
Innovation Finance | State Finance Program
The state of Oregon released a new innovation plan for 2013-15, which includes a total of $24M for initiatives focused on wave energy, electric vehicles, UAVs, digital media, nanotech, green buildings, and biotech.

U.S. Government Accountability Office New Markets Tax Credit Update
Community Development | Tax Credits | U.S. Dept. of Treasury | Federal
The U.S. Government Accountability Office assesses the transparency of NMTC financial structures and controls over the size of federal subsidies; the types and amounts of fees and other costs of the financial structures; the equity remaining in low-income community businesses after the 7-year credit period; and NMTC project failure rates.


Sponsors

Roundtable Partner

Business Oregon

Annual Roundtable Sponsor

KeyBanc Capital Markets

Conference Premium Sponsor

Hawkins Delafield & Wood LLP Orrick, Herrington & Sutcliffe LLP

For information about sponsoring the CDFA Oregon 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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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