Don't miss out on the excellent courses offered this summer. This 2-week long series of courses provide you with a fantastic opportunity to invest in yourself and your community. We cover a variety of topics ranging from fundamentals of economic development and bonds, to infrastructure, P3, and seed & venture capital. View the agenda and register for up to three courses.

The state Industrial Commission approved funding for five projects through the Clean Sustainable Energy Authority, doling out $222.5 million in loans and $8.5 million in grants. More than half the money is going to Minnkota Power Cooperative's Project Tundra through a loan of $150 million to help finance the country's largest carbon dioxide storage project. The state previously provided the project with a loan of $100 million.

Join us on Tuesday, August 8 at 2:00 PM EST for the next installment of the CDFA // BNY Mellon Development Finance Webcast Series: Bond Rating Agency Trend. During this session, panelists will discuss rating agency trends and take a look at new initiatives being implemented that improve municipalities' bond ratings to attract new economic development.

A new environmental justice center based at the University of Arizona will try to parlay a $10 million, five-year federal grant into helping low-income communities access billions of federal dollars for solar panels, home insulation, roof coating, and other clean-energy projects. The federal Inflation Reduction Act, approved last year, will be funneling these billions into Arizona through a wide array of programs over the next few years.

Feed The Hunger Fund, a nonprofit that provides loans to entrepreneurs working to create a more diverse local food system in Hawaii, announced more than $260,000 in funding for three small-scale food entrepreneurs. The funds are part of a more than $1 million financial collaboration with Kamehameha Schools and Hawaii Pacific Health. Each contributed $525,000, mostly in loans, to Feed The Hunger Fund to support food security and sustainability in Hawaii.

The Oklahoma State Supreme Court validated the bonds requested by the Oklahoma Turnpike Authority (OTA) to begin building new toll roads. In August 2022, the OTA requested $500 million in revenue bonds from the Oklahoma Council of Bond Oversight to begin its ACCESS Oklahoma plan. The Council of Bond Oversight approved the request but was challenged by an opposing group, Pike Off OTA, which says hundreds of homes will be destroyed if the plan is approved.

Ziegler, a specialty investment bank, closed on Seafields at Kiawah Island's $212.9 million Series 2023 bonds. Kiawah Life Plan Village, Inc. is a South Carolina nonprofit corporation to develop, own, and operate a senior living community on approximately 8 acres in Kiawah Island, South Carolina. The Community will be a licensed continuing care retirement community and is currently planned to consist of 90 independent living units and 16 assisted living units and other amenities.

The North Dakota Development Fund has finalized three new investments through its Angel Match Program. An area business selected for the program is Medobby Corporation, doing business as Learnery, a Bismarck-based digital software company offering training and education programs for organizations to improve employee performance and engagement. Funds for the Program were provided through the U.S. Department of Treasury State Small Business Credit Initiative (SSBCI).

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