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CDFA Florida Financing Roundtable Newsletter - December 2016

CDFA Florida Financing Roundtable Newsletter - December 2016
December 28, 2016
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CDFA Florida Financing Roundtable Newsletter

Feature

Miami Beach Hits Rewind on Streetcar P3
Miami Beach put the brakes on its modern light rail streetcar project to let voters have a say in a larger plan that boosters hope that the project can tap the Trump administration's infrastructure financing plan.

Restore Council Unveils Updated Plan to Invest in Gulf Coast Restoration
Agriculture Secretary Tom Vilsack has announced the finalization of the Comprehensive Plan Update to guide over $3 billion in investments to enhance the resources and economies of the Gulf Coast in the aftermath of the Deepwater Horizon oil spill.

FL Counties Want Passenger Train Financing Examined
Two Florida counties want a federal judge to examine the new bond financing strategy employed by the private developer of a passenger train project in order to evaluate the "full extent" of the proposal.

Florida Power & Light $811M Rate Hike Fuels Call for Utility Reform
Anger over regulators' approval of an $811 million rate hike for Florida Power & Light boiled over with calls for utility regulation reform and second-guessing of the state's Public Counsel.

FCLF Awarded $65M NMTC Award
Florida Community Loan Fund has received $65 million in New Markets Tax Credit allocation. FCLF's NMTC allocation secured to date totals $271 million from the U.S. Department of Treasury, with an additional $11.2 million having been received from the State of Florida.

FL-Based Film Productions Leaving, Seeking Tax Breaks Elsewhere
Nine months after the Florida Legislature rejected a measure that would have resuscitated the state's film incentive program, an exodus of productions has picked up speed, as studios eye lucrative tax breaks elsewhere.

Publix Pitches 700 New Jobs in $4.2M Incentives Request in Lakeland
Publix Super Markets is applying for more than $4.2 million in tax refunds, tax exemptions and cash incentives in exchange for adding 700 jobs and a $28 million facility in Lakeland, Florida.

Bradenton Affordable Housing Project Proposal Seeks Tax Credits
Projects relying on tax credits through the Florida Housing Finance Corporation have a 10 percent chance of success. Bradenton's recent support of a fourth proposed affordable housing project for this year's application cycle, which begins this month, increases the odds somewhat.

Okaloosa County to Consider Tax Exemption for Proposed Business
The Okaloosa County Commission is considering whether to grant an economic development property tax exemption to a business that could create 25 full-time jobs, with an average pay of $65,000-$70,000. That amount is 172 percent higher than the average wage in the county.

Florida News

President-elect Promises to Keep TEBs
Politico | Dec. 16 | Bond Finance | Federal

One Step Forward for FL Train Project Financing
The Bond Buyer | Dec. 1 | Bond Finance

All Aboard FL Continues to use System to its Advantage
TC Palm | Nov. 30 | Bond Finance | Infrastructure Finance

Counties Demand Access to Financial Plan for All Aboard FL Expansion
CBS 12 | Nov. 30 | Bond Finance | Infrastructure Finance


New Additions to the Online Resource Database

USDA Food System Audio Interviews
Agriculture Finance | Food Systems Finance | U.S. Dept. of Agriculture (USDA)
Deputy Secretary Kathleen Merrigan looks back at the start of the Know Your Farmer, Know Your Food initiative and discusses building local food systems into the USDA culture. David Deloach, owner of Freshfields, talks about operating locally grown meat and produce stores in Florida. And Celerah Hewes, Chief Foodie at Delicious New Mexico, talks about creating sustainable food businesses through partnering with USDA in New Mexico.


Sponsors

Roundtable Partner

Florida Development Finance Corporation

Conference Founding Sponsor

Ygrene Energy Fund Florida

Conference Premium Sponsor

First American Bank Gray Robinson

Conference Supporting Sponsor

City of North Port Federal Home Loan Bank of Atlanta

For information about sponsoring the Florida 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.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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