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CDFA New York/New Jersey Financing Roundtable Newsletter - July 2015

CDFA New York/New Jersey Financing Roundtable Newsletter - July 2015
July 22, 2015
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

Investor Praises NJ Program Aimed at Helping Emerging Tech Companies
This article from NJEDA highlights a success story from the State's Angel Investor Tax Credit Program. The program offers a 10 percent refundable tax credit against New Jersey corporation business or gross income tax for qualified investments in emerging tech companies in New Jersey.

Banking Giant Approved for $188M Tax Break in Hudson County
The Hoboken Patch reports that the New Jersey Economic Development Authority has approved a 10-year, $188 million tax break for JP Morgan Chase if the company agrees to move 2,000 jobs from New York to New Jersey.

NYC Developers Face Clash in Washington on Visa Program
According to Bloomberg Business, lawmakers are pressing for changes to the EB-5 program by redirecting investments to poor and rural communities. The proposed legislation would make it harder for developers to access funds in big cities like New York.

State Funds to Connect Farmers to Schools
As part of a $6.7 million statewide allocation to increase access to healthy foods, Buffalo Business First reports that the NY State Health Department has awarded $700,000 to help connect farmers to schools to increase the use of fresh foods in school meals and boost the agriculture industry.

Niagara IDA Approves Aid for New Plastic Plant in Falls
The Highland Avenue Superfund site may have new life, according to the Niagra-Gazette. The Niagra County Industrial Development Agency approved 15 years of tax abatements to redevelop the superfund site.

NY Sets Aggressive Clean-Energy Goals
New York's energy plan will guide energy policy for more than the next decade, reports Capital New York. The plan will affect decisions on the construction of new power sources, oversight of private energy markets, and the spending of billions of dollars in public money.

Upcoming Events

CDFA Summer School
August 10-14, 2015 - St. Louis, MO
CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the Development Finance Certified Professional (DFCP) Program. Join us in St. Louis, and start down the road to personal and professional advancement. Courses include: Fundamentals of Economic Development Finance, Intro Tax Increment Finance, Intro Public-Private Partnership (P3) Finance, Intro Bond Finance, and Intro Rural Finance.

2015 CDFA New York/New Jersey Conference
September 17, 2015
Join the CDFA New York/New Jersey Financing Roundtable for the annual conference on September 17, 2015. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the New York and New Jersey economies going forward.

New York/New Jersey News

Property Improvements with Clean Energy Financing through EnergizeNY
Patch | Jul. 22 | Energy Finance | Green Finance

EDA Showcases Small Business Lending Program in Asbury Park
NJEDA | Jul. 22 | Access to Capital | State Finance Program | State Small Business Credit Initiative (SSBCI)

NY Pricing $475M of Green Bonds
The Bond Buyer | Jul. 21 | Bond Finance | State Finance Program

House Subcommittee to Hold Hearing on Reauthorizing EPA Brownfields Program
Smart Growth America | Jul. 20 | Access to Capital | Brownfield Financing | Legislative | U.S. Environmental Protection Agency (EPA)

$33M Atlantic City Tax Credit Deal Good and Bad
Press of Atlantic City | Jul. 16 | State Finance Program | Tax Credits

Lewis Co., NY IDA Has Made Small Businesses Loans Available
Watertown Daily Times | Jul. 16 | Access to Capital | Local Finance Program | Revolving Loan Funds (RLFs)

CDFA Launches Brownfields Project Response Team Site Visit in Texarkana, TX
CDFA | Jul. 16 | Access to Capital | Brownfield Financing | CDFA Original Research

Council Adds $1.25M for Neighborhood Business Group
Crain's New York Business | Jul. 15 | Access to Capital | Tax Increment Finance (TIF)

Putting the Public Back in Public Finance
The New York Times | Jul. 13 | Access to Capital | Bond Finance | Economic Development

NY Wheel Raises $150M Through EB-5
The Real Deal | Jul. 13 | EB-5 Visa

P3's Offer Alternative Model for Water Infrastructure Projects
Lexology | Jul. 6 | Infrastructure Finance | Public-Private Partnership (P3) Financing

New Application Process Takes Effect for New York Brownfield Cleanup Program
Environmental Law Portal | Jul. 6 | Access to Capital | Brownfield Financing | State Finance Program

Rural America Matters: Investing in Rural Communities
Farm Credit | Jul. 2 | Infrastructure Finance | Public-Private Partnership (P3) Financing | Rural Development | U.S. Dept. of Agriculture (USDA)

High-Speed Broadband to Digital Deserts
Crain's | Jul. 2 | Infrastructure Finance | Public-Private Partnership (P3) Financing

NYC Sees Social Impact Bond Pluses
The Bond Buyer | Jul. 2 | Bond Finance | Economic Development

Washington Should Help Capitalize Green Banks
Brookings | Jul. 1 | Energy Finance | Green Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing

P3's Can Solve States' Infrastructure Woes
NCPPP | Jun. 30 | Bond Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing

Capital Underfunding Could Push NY MTA to Borrow More
The Bond Buyer | Jun. 29 | Bond Finance | Infrastructure Finance

Buying Visas with Investments Is Big Business, and Congress Is Taking Notice
The Washington Post | Jun. 29 | Access to Capital | EB-5 Visa | Economic Development

Vineland DID Forming Millennial Advisory Board
SNJ Today | Jun. 24 | Local Finance Program | Tax Increment Finance (TIF)

NYSERDA Funds 7 Energy Storage Projects for REV Initiative
Utility Dive | Jun. 24 | Energy Finance | Infrastructure Finance | State Finance Program


Sponsors

Venue Sponsor

New Jersey Economic Development Authority

Annual Roundtable Sponsor

Hawkins Delafield & Wood LLP Squire Patton Boggs United Fund Advisors

Conference Premium Sponsor

HR&A Advisors Windels Marx Lane & Mittendorf, LLP

Conference Supporting Sponsor

ThinkForward Financial, LLC

For information about sponsoring the CDFA New York/New Jersey 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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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
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor