Development Finance Review Weekly - March 23, 2017
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Feature |
St. George, UT Approves IDB to Help Manufacturer Expand
A St. George-based manufacturer that started its operation in a garage over 40 years ago is getting help expanding to a 75,000-square-foot facility thanks to the City Council's unanimous decision to approve $10 million IDB issuance.
$7B and Unclear Future for New Markets Tax Credits
In his private sector career as a real estate developer, Donald Trump made use of tax incentives for his projects on several occasions. This begs the question, "Where does the administration stands on expansion, curtailment or simply continuation of the NMTC?".
CDFA Responds to the President's Budget
CDFA strongly disagrees with the President's budget recommendations - which would gut essential, longstanding economic development programs - and urges Congressional leaders to reject any budget proposal that weakens federal support for economic development.
What You Need to Know About Tax Reform and Infrastructure
Legislative experts at a recent conference agree; in the midst of enormous uncertainty about the future of tax reform and its impact on municipal bonds, it is critical for muni market participants to continue to lobby lawmakers to preserve the tax exemption.
JCT's Analysis is Hurting Case for Tax-Exempts
The analysis used by the Joint Committee on Taxation to show tax-exempts are inefficient is flawed and unfairly hurts municipal bonds, George Friedlander, a managing partner at Court Street Group Research, said at a conference in Florida last week.
Financing Borwnfields with Private Activity Bonds (PABs)
In this webinar, our experts discuss Private Activity Bonds and how they can be used to compliment the redevelopment and cleanup of your brownfield project.
WI Considers Criminal Penalties for Defrauding the WEDC
The bipartisan bill is aimed at penalizing business owners who apply for state grants to support their business, but use the money for something else, such as personal expenses. Individuals who commit such fraud would face up to 15 years in prison and a $50,000 fine under the plan.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
Clayton Would Make Enforcement of Individuals a Priority
Jay Clayton would continue the trend -- seen in municipal bond cases -- of taking enforcement actions against individuals, if confirmed as Securities and Exchange Commission chair by the Senate.
SEC's Proposed Disclosure Amendments Criticized as too Costly, Burdensome
The Securities and Exchange Commission's proposed amendments to its Rule 15c2-12, which would create numerous new disclosure obligations for issuers, received more criticism on Thursday as market participants noted a lack of specificity in them and the burdens and costs that they would impose on issuers.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
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Upcoming Webcasts |
CDFA // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
April 18, 2017 - 1:00 PM Eastern
Join us, as our expert speakers provide an inside look into how New Markets Tax Credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.
CDFA // BNY Mellon Webcast Series: Financing Historic Theater Redevelopment
May 16, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, CDFA has partnered with Heritage Ohio to explore the wealth of financing tools available to redevelop historic theaters, including 501(c)(3) bonds, TIF, tax credits, and other creative programs. Join us for this special discussion as we highlight success stories from historic theaters across the U.S.
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This Week's Headlines |
First National Center in Oklahoma City Could Get State Tax Incentives
News OK | Mar. 23 | Tax Credits
Kendall Co. IL to Provide Economic Development Cash to Cities
Kendall County Now | Mar. 23 | Economic Development | Revolving Loan Funds (RLFs)
NCOSAFP Releases 2017 Policy Agenda
NCOSAFP | Mar. 23 | Agriculture Finance | Bond Finance | Federal | Legislative
Wichita Sets Hearing for River STAR Bond Plan
Wichita Business Journal | Mar. 23 | Bond Finance
Federal Gov't. Incentivizes Recycling of Municipal Infrastructure
Mayer Brown | Mar. 23 | Federal | Incentives | Infrastructure Finance
Reps. Want to Finance Infrastructure Through Repatriated Earnings
The Bond Buyer | Mar. 23 | Infrastructure Finance | Legislative
Tiff Erupts Over TIF Between 4 County Council Members and City of Cayce
Cola Daily | Mar. 23 | Tax Increment Finance (TIF)
SEC: What Issuers and Lawyers Should Know About the Miami Case
The Bond Buyer | Mar. 22 | Bond Finance | U.S. Securities and Exchange Commission (SEC)
IRS Taxability Notice Sends Issuer Seeking Call Waiver, Federal Funds
The Bond Buyer | Mar. 22 | Bond Finance | Internal Revenue Service (IRS) | Federal
The Importance of Small Business to the Local Economy and Quality of Life
Cumberland Area Economic Development Corporation | Mar. 21 | Access to Capital | Economic Development | Local Finance Program
Charter School Bond Bill Passes OK Senate
The Oklahoman | Mar. 21 | Bond Finance | Infrastructure Finance
Issue Closed: Cardinal McCloskey Community Services
GATES Capital | Mar. 21 | Bond Finance | Member News
2016 Was a Record Year for the Cincinnati Port
Port of Greater Cincinnati | Mar. 20 | Bond Finance
New Affordable Apartments Financed Across Western WA
Washington State Housing Finance Commission | Mar. 20 | Bond Finance | Tax Credits
KS House Embraces $100M Tax Credit to Support Rural Jobs
The Topeka Capital-Journal | Mar. 15 | Rural Development | Tax Credits
STEP Continues to be Successful Program for MO
The Joplin Globe | Mar. 14 | State Finance Program
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New Additions to the Online Resource Database |
Transparency of City and County Incentives
Incentives | Tax Credits
Local governments spend tens of billions of dollars annually on economic development subsidy programs, yet a new survey of the nation's 50 biggest cities and counties finds that more than half still fail to disclose even the names of the companies receiving property tax abatements or other costly incentives.
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National Sponsor Spotlight |
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Kutak Rock LLP
Kutak Rock LLP is a national law firm of more than 500 lawyers with offices from coast to coast. The firm's primary practice concentrations are business and corporate law, public finance, litigation and real estate law, with numerous areas of...
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MB Financial Bank, NA
MB Financial Bank offers a full range of financial services including personal, business and commercial banking. They have proudly served Chicago for over 100 years.
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McCarter & English, LLP
McCarter & English, LLP is a firm of approximately 400 lawyers with offices in Boston, Hartford, Stamford, New York, Newark, East Brunswick, Philadelphia, Wilmington and Washington, DC. In continuous business for more than 170 years, they are among...
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Partner Spotlight |
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informANALYTICS by Center for Governmental Research
The Center for Governmental Research (CGR) is a nonprofit organized under section 501(c)(3) of the Internal Revenue Code. CGR brings expertise to issues spanning economics and public finance, government management, health and human services and...
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CDFA Bookstore |
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Federal Financing Reference Guide
The Federal Financing Reference Guide is the most comprehensive resource available for assessing federal economic development financing programs. The guide gives an overview of each federal economic development financing program available.
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New Members |
Pemco Capital - North Palm Beach, FL
Tri-County for the Lower Eastern Shore of Maryland - Salisbury, MD
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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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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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