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CDFA Pennsylvania Financing Roundtable Newsletter - May 2013

CDFA Pennsylvania Financing Roundtable Newsletter - May 2013
May 28, 2013
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature


Turnpike Looks to Foreign Investors for Connector
Foreign investors could provide $200 million to help connect the Pennsylvania Turnpike to Interstate 95 in southeastern Pennsylvania. This deal would provide commissions and fees for the officers of a Philadelphia investment management company and green cards for the investors and their families.
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USDA Helps Manufacturer Bring Jobs Back From China
A Somerset County-based medical device manufacturer is creating about 20 local jobs by moving operations from China back to the county thanks to a $1.8 million Business and Industry Loan Guarantee from USDA.
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Urban Redevelopment Authority Approves TIF District at Brownfield Site
URA and the private development team for the project expect to complete the redevelopment project by investing $41 million in public funds from the TIF and the lots fees to build out remaining infrastructure and complete remaining environmental remediation at the site located in the city's East End.
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PA Keystone HELP Program Case-Study
Bostonia Partners produced a case-study detailing the Keystone Home Energy Loan Program (HELP) which provides low interest rate consumer loans for energy saving improvements. The loans are made possible via State Treasury executing a secondary market sale of consumer loans.
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Philadelphia Industrial Development Corporation - 2012 Annual Review
This document reviews the progress of the Philadelphia Industrial Development Corporation (PIDC) in the year 2012. PIDC offers an array of financing programs to help small and emerging businesses reach their growth potential. In 2012, PIDC closed nearly 80 loans to for-profit and non-profit businesses located throughout all of Philadelphia's neighborhoods for a total of $41 million.
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Pennsylvania News

Can Credit Enhancements Leverage Solar Investment?
NREL | May. 28 | Access to Capital | Bond Finance | Energy Finance | Green Finance | Infrastructure Finance

SEC Enforcement Actions Demonstrate Increased Focus on Municipalities and Municipal Securities
McGuireWoods | May. 28 | Bond Finance | Local Finance Program | Member News | U.S. Securities and Exchange Commission (SEC) | Federal

Tourism Fund Helps Allegheny County Projects
Trib Live | May. 28 | Access to Capital | Community Development | Infrastructure Finance | Local Finance Program | Member News

Limited Incentives Attract $160M Distribution Center to PA
Times Leader | May. 24 | Access to Capital | State Finance Program | Tax Increment Finance (TIF)

Lehigh County Commissioners Delay Vote on TIF District
Lehigh Valley Live | May. 23 | Local Finance Program | Tax Increment Finance (TIF)

American Eagle Outfitters Receives State Grants for Expansion to Luzerne County,
Pittsburgh Post-Gazette | May. 23 | Economic Development | State Finance Program

PA Film Tax Credit Program Debated
Philadelphia News | May. 21 | State Finance Program | Tax Credits

PA Water Facility Completes $101M Plant Financed by Tax-Exempt Bonds
Water World | May. 20 | Bond Finance | Infrastructure Finance | State Finance Program

PA.'s Camelback Ski Area Planning $145M Expansion
Pocono Record | May. 17 | Economic Development | Infrastructure Finance | Local Finance Program | State Finance Program | Tax Increment Finance (TIF)

Pa.'s Allegheny County Sees Spike in Main Street Improvement Projects  
TribLive.com | May. 17 | Local Finance Program | State Finance Program | Urban Development

Achievements of PA Keystone HELP Program
Loan Safe | May. 16 | Access to Capital | Bond Finance | Energy Finance | Green Finance | Member News | State Finance Program

Manufacturer to Expand with $1.8M State Loan
The Morning Call | May. 14 | Access to Capital | Local Finance Program | Member News | State Finance Program

East Penn Approves Tax Financing for Costco Shopping Center
The Morning Call | May. 14 | Local Finance Program | Tax Increment Finance (TIF)

Ambitious Plan Maps Development of Philly's Lower Schuylkill Area
WHYY News | May. 13 | Local Finance Program | Member News | Urban Development

Federal Agencies Expand Urban Waterway Revitalization Efforts
U.S. Environmental Protection Agency | May. 10 | Infrastructure Finance | Legislative | Urban Development | U.S. Dept. of Housing & Urban Affairs (HUD) | U.S. Dept. of Agriculture (USDA) | U.S. Dept. of Energy (DOE) | U.S. Environmental Protection Agency (EPA) | Federal

U.S. EPA Awards $62.5M in RLFs and Cleanup Grants to Revitalize 240 Communities Nationwide
U.S. Environmental Protection Agency | May. 9 | Brownfield Financing | Green Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA) | Federal

URA Advances Plan to Fund East Liberty Improvements
Pittsburgh Post-Gazette | May. 9 | Access to Capital | Infrastructure Finance | Local Finance Program | Member News

PA Governor Approves Low-Interest Loan for Expansion of Manufacturing Plant
The Wall Street Journal | May. 8 | Economic Development | Local Finance Program | State Finance Program

Fed & Local Programs Promote Streetscape Project to Phase II
The Sentinel | Apr. 30 | Access to Capital | Infrastructure Finance | Local Finance Program | Federal


New Additions to the Online Resource Database

Urban Redevelopment Authority of Pittsburgh - Green Development Resources for Commercial Development
Brownfield Financing | Economic Development | Energy Finance | Green Finance | Local Finance Program | State Finance Program | Tax Credits
The Urban Redevelopment Authority of Pittsburgh (URA) created this document to provide commercial developers with a variety of options to finance sustainable upgrades to properties. On the following pages you will find a compilation of Green Development incentives and resources available to you for completing your commercial development project within the City of Pittsburgh.

Urban Redevelopment Authority of Pittsburgh - Green Development Resources for Residential Development
Community Development | Green Finance | Local Finance Program
The Urban Redevelopment Authority of Pittsburgh (URA) is the City of Pittsburgh's economic development agency, committed to creating jobs, expanding the City's tax base, and improving the vitality of businesses and neighborhoods. On the following pages you will find a compilation of Green Development incentives and resources available to you for completing your residential development project within the City of Pittsburgh.

CDFA - BNY Mellon Webcast Series: How Microenterprises are Changing the Economic Development Landscape
Access to Capital | Community Development | Webcasts
During this webcast, Maria Meyers from U.S. SourceLink, Lynn Fernandez from the Valley Economic Development Center (VEDC) and Deborah Temple from alt.Consulting discussed some successful microenterprise financing strategies and how to mine for the microenterprises in your region to help build a thriving business ecosystem.


Sponsors


Annual Roundtable Sponsors

Ballard Spahr
PNC Capital Markets


Conference Premium Sponsors

Eckert Seamans


Conference Supporting Sponsors

ABCD Corp

CDFA Spotlight

Sponsor the CDFA Pennsylvania Financing Roundtable for 2013
Interested in putting your organization in front of hundreds of economic development finance professionals in the state? Sponsor the CDFA Pennsylvania Financing Roundtable in 2013.
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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.


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 President's Club

  • BNY
  • Bricker Graydon Wyatt LLP
  • CohnReznick
  • Colorado Housing and Finance Authority
  • FBT Gibbons
  • 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.
  • PGAV Planners, LLC
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a CDFA President's Club Member