About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

Tax Credits Finance Update - November 22, 2016

Tax Credits Finance Update
November 22, 2016
Subscribe
View Archives
Tax Credits Finance Update

Features

$75M in New Markets Tax Credits to Become Available in St. Louis
The St. Louis Development Corporation will advertise the availability of $75 million in newly granted federal New Markets Tax Credits. An advisory group will review and make recommendations on which projects should receive the tax credits. The SLDC Board of Directors has the final approval.

OR State Hospital Building Redevelopment to Utilize Historic Tax Credits
The Housing Authority of Salem has reached an agreement with the state to buy a historical building at Oregon State Hospital. The housing authority plans to use federal low-income tax credits and historic tax credits to finance renovation and construction of the building into apartments.

Why Wall St. Thinks Renewables Could Be Better off After Tax Credits Expire
Financiers are beginning to ponder what life without the production tax credit (PTC) might look like, and it might not be so bad.  Some look forward to the day when less tax equity is needed, as it significantly complicates the capital structure and comes at a high cost in addition to other tax inefficiencies.

KC Wonder Bread Building to Use Historic Tax Credits in $15M Redevelopment
The Planned Industrial Expansion Authority (PIEA) approved a tax abatement to assist with the redevelopment of the Wonder Bread building. The PIEA plan abates 100 percent of the property taxes for the first 10 years, followed by a 7-year, 43 percent abatement. The developers have about $3 million in equity in the project, with the rest of the financing coming from state and federal historic tax credits.

CA Recycling Company Receives $3.4M in Tax Credits
The rubber recycling company CRM Rubber, headquartered in Newport Beach, California, has received a $3.4 million tax credit by the California State Treasurer's Office to expand its Stockton, California operations. CRM Rubber was awarded its tax break for establishing a facility at the Port of Stockton, as well as employing close to 20 people.

CO Wants More Precision in Economic Development Incentives
The Colorado Economic Development Commission approved a new scoring matrix for its popular Job Growth Incentive Tax Credit program, one designed to more precisely target state incentive awards.

Former RI Rubber Plant Redeveloped with Complex Financing
When the nonprofit venture WaterFire bought the long-vacant former U.S. Rubber factory to renovate into the WaterFire Arts Center, determining how to finance the $13.7 million project challenged lawyers, bankers, community development experts and nonprofit-agency leaders.

CA's Tax Credit Program Injected $1.5B into the State
California's expanded film incentive program attracted 55 productions in its first full year, injecting $1.5 billion into the state's economy, including $600 million in below-the-line wages, according to a report from the California Film Commission.

Tax Credit Giving Historic Hotel Clermont Hope for New Life
The Hotel Clermont's renovation has been in question for several years due to the multi million dollar cost of refurbishment. Last year, the Georgia General Assembly passed House Bill 308, raising the maximum tax credit allowance for historic structures from $300,000 annually to $5 million. The change finally gave the iconic Hotel Clermont a hope for new life.

CREC State Economic Development Performance Indicators
Given states' pressures to demonstrate economic development investment impact, The State Economic Development Performance Indicators White Paper, recently published by the Center for Regional Economic Competitiveness (CREC) and Smart Incentives, examines commonly used indicators and provides guidance to improve and expand evaluation efforts.

Historic Tax Credits Help Drive Revival Near Downtown Omaha
A University of Nebraska-Lincoln report found that the tax credit program "has already had a number of positive impacts on the Nebraska economy" in construction spending and wages.

Decision 2016 | The SourceMedia Business Issues Scorecard
An index of SourceMedia's comprehensive election analysis for professionals in financial services, healthcare and technology. With coverage of more than 50 contests and ballot initiatives.

Upcoming Events
Fundamentals of Economic Development Finance WebCourse
More Headlines

Over $100M in Tax Credits Provided to NE OH
ideastream | Nov. 22 | Tax Credits

Drone Maker Accepts Tax Break to Add More Than 100 Jobs in CA
Sacramento Business Journal | Nov. 22 | Incentives | Tax Credits

WHEDA Receives $75M in NMTC's
WHEDA | Nov. 21 | Community Development | Tax Credits

CA Tax Credits Aimed at Boosting Jobs in Central Valley
Central Valley Business Journal | Nov. 21 | Economic Development | Tax Credits

FIRE Development Corp Receives $45M NMTC Allocation
Milwaukee Business Journal | Nov. 21 | Community Development | Tax Credits

Residences, Marina Planned for $60 Million Project on Hudson River at Green Island
The Hearst Corporation | Nov. 18 | Brownfield Financing | Tax Credits

Repealing the Investment Tax Credit Could Cut the US Solar Market in Half
GreenTech Media | Nov. 17 | Energy Finance | Green Finance | Tax Credits

WV Senator Introduces Bill for $525M in Federal Tax Credits
Kentucky New Era | Nov. 17 | Federal | Legislative | Tax Credits

School Readiness Tax Credits Benefit LA Families and Communities
ArkLaTex | Nov. 16 | Tax Credits

​Study: Tax Credits Paying Off for Early Education in LA
WDSU News | Nov. 14 | Legislative | Tax Credits

CO Session Provides Info on Enterprise Zone Tax Credits
Journal-Advocate | Nov. 10 | Economic Development | Tax Credits

$300M of Energy Tax Credits Could Be Fraudulent
Portland Tribune | Nov. 7 | Energy Finance | Tax Credits

CO Losing Major Corporate HQ as CenturyLink Acquires Level 3
The Denver Post | Nov. 3 | Economic Development | Tax Credits

Report on Questionable Tax Credits Names Cross-Section of Oregon Companies
The Oregonian | Nov. 3 | Tax Credits

Lucrative Tax Breaks for Industrial Manufacturers in LA to be Clarified
The Acadiana Advocate | Nov. 3 | Legislative | Tax Credits

Tax Credits Further Goal Toward Chillicothe MO Healing Garden
News-Press Now | Nov. 1 | Community Development | Tax Credits

Filming Industry Continues to Grow in GA with a Tax Credit
The Newnan Times-Herald | Oct. 31 | Economic Development | Incentives | Tax Credits

Tax Credits Promoting Construction of Wind Power Projects
Reuters | Oct. 28 | Energy Finance | Green Finance | Tax Credits



The Council of Development Finance Agencies (CDFA) 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, visit www.CDFA.net or email info@cdfa.net


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


Install CDFA's iOS appInstall CDFA's Android app

Archives

Displaying 1 - 30 of 35

April 23, 2019
March 26, 2019
February 26, 2019
January 22, 2019
November 27, 2018
October 23, 2018
September 25, 2018
August 28, 2018
July 24, 2018
June 26, 2018
May 22, 2018
April 24, 2018
March 27, 2018
February 27, 2018
January 23, 2018
December 26, 2017
November 28, 2017
October 24, 2017
September 26, 2017
August 22, 2017
July 25, 2017
June 27, 2017
May 23, 2017
April 25, 2017
March 28, 2017
February 28, 2017
January 24, 2017
December 27, 2016
November 22, 2016
October 25, 2016




CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McCarter & English, LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor