New York Governor Andrew Cuomo is positioning the state as a national leader on the issue of food waste with his Food Recovery Act. And now as budget negotiations near a close, he is further strengthening that proposal with the addition of the Farm to Food Bank Tax Credit.

First Lady Chirlane McCray and Deputy Mayor for Strategic Policy Initiatives Richard Buery, Citywide Director of Minority and Women-owned Business Enterprises (M/WBEs), have announced the launch of the Contract Financing Loan Fund, allowing M/WBEs to apply for low-interest contract financing loans of up to $500,000 for M/WBEs.

NJEDA granted preliminary approval under the Energy Resilience Bank (ERB) to support the installation of new combined heat and power (CHP) systems at three hospitals and also announced it had closed on ERB funding related to the construction of a CHP project at another Hospital.

The New York State Young Farmers Loan Forgiveness Incentive Program provides student loan repayments (up to $50,000 over the course of the program) to individuals who obtain an undergraduate degree and commit to operating a farm in New York State, on a full-time basis, for five years.

DG and Sons, a family owned automotive repair shop in Trenton, NJ., recently closed on a loan which included a 44% participation through the New Jersey Economic Development Authority's (EDA's) Small Business Fund. The loan will help the business expand operations to a larger facility to meet the needs of an expanded clientele.

The Founders & Funders event, held semi-annually by the NJEDA, puts early-stage technology businesses together with potential investors in order to discuss strategy, business models and funding opportunities.

In 2017, New Jersey estimates it will not collect nearly $23.5 billion in the form of tax breaks. The tax breaks among the major sources of revenue for income, sales, use and corporation taxes.

American Water is moving headquarters to a $1 billion waterfront development along the Delaware River in Camden, New Jersey. American Water is investing $165.7 million in capital investment and will receive tax credits through the state and a property tax abatement from the city.

Tax credits can help clean up pollution and renew communities, three experts from Buffalo and Denver told Oregon leaders and professionals during a visit to Portland last week – but it's important to think carefully as they're set up.

This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders. 

The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

Join the CDFA New York/New Jersey Financing Roundtable for a special one-day conference hosted at the offices of BNY Mellon in New York City. This event will feature a number of economic development finance experts from around the states discussing development finance tools, authorities, resources and approaches, and how these can affect the New York and New Jersey economies going forward.

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