CDFA Washington Financing Roundtable Newsletter - March 2017

CDFA Washington Financing Roundtable Newsletter - March 2017
March 15, 2017



Feature
Proposals to Link Tax Breaks to Employment Put Jobs 'At Risk,' Boeing Says Lawmakers in Olympia have introduced bills to tie aerospace tax credits to recipient employment levels in the state. Boeing spokesman said the company had not had an opportunity to review the legislation, but said Boeing remains opposed to any effort to alter Washington's aerospace tax incentives. Port Spokane? Spokane could get a countywide Port District before 2020 if legislation passed through the state House succeeds in the Senate. Port districts can levy taxes to help with economic development, and often operate harbors, airports and/or industrial parks. SBA-Backed Lending Starting Strong in the Inland Northwest this Year SBA-backed lending has started strong in 2017, and demand for the guaranteed loans looks to remain steady, some top SBA lenders here say. Ted Schinzel, SBA's Spokane branch manager, says, although 2017 has started strong, SBA lending can dip in an improving economy as other sources of capital emerge. WA Department of Commerce Grants $100K for Marine Jobs Washington State Department of Commerce has awarded a $100,000 WorkStart grant to help the Northwest School of Wooden Boatbuilding (NWSWB) launch a new marine systems training program in Port Townsend. What are the Effects of Ending the WA Research and Development Tax Credit? The report blames the life science industry downturn on an erosion of state programs meant to support the life sciences industry, including the end of the state's research and development tax credit and the elimination of multiple state funding programs. New Look, Same Location: CDFA's Website Update CDFA is excited to show off a new and improved website layout!
Upcoming Events
CDFA Washington Conference October 10, 2017 - Seattle, WA Join the CDFA Washington Financing Roundtable for a special one-day conference hosted at Foster Pepper PLLC in Seattle. 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 Washington economy going forward. Intro Incentives WebCourse April 5 - 6, 2017 - Daily: 12:00 - 5:00 PM Eastern This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.
Sponsor
State Partner Venue Sponsor Premium Sponsor For information about sponsoring the CDFA Washington 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.