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CDFA New York/New Jersey Financing Roundtable Newsletter - August 2014

CDFA New York/New Jersey Financing Roundtable Newsletter - August 2014
August 13, 2014
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

CDFA Announces Winners of CDFA New York/New Jersey Financing Roundtable Excellence Awards
The Council of Development Finance Agencies (CDFA) is proud to announce the winners of the 2014 New York/New Jersey Financing Roundtable Excellence Awards and recognize outstanding development finance programs, agencies, leaders, projects and success stories.

New Jersey Financing, Incentive and Assistance Programs Guide
The State of New Jersey released this guide to provide an overview of their business assistance programs. The categorical layout and detailed summaries make this a valuable resource to have at the ready.

New Jersey Launches $200M Energy Resilience Bank
As reported by Greentech Media, New Jersey has become the latest state to deploy financial backing for the development of microgrids, distributed generation and other energy infrastructure that will help critical facilities remain online in case of emergency.

NYS Brownfield Cleanup Tax Credit Program To Be Extended
Phillips Lytle published this post describing the extender passed by the New York State Legislature for their Brownfield Cleanup Program tax credits. The extension agreement was reached when reform attempts failed to gain consensus.

NYSERDA Pumps Another $1M to Energize NY with PACE
As reported in Buffalo Business First, New York's statewide PACE program, known as Energize NY, is getting off the ground with an initial $1M from the New York State Energy Research and Development Authority (NYSERDA), who will also run the program.

Industry Concerns Prompt SEC to Modify MCDC Initiative
In response to concerns raised by industry participants, the SEC has made three key modifications to its MCDC Initiative, dealing with deadlines, penalties, and pre-EMMA violations.

Upcoming Events

2014 CDFA New York/New Jersey Financing Roundtable Conference
September 16 - New York, NY
Join CDFA for the New York/New Jersey Financing Roundtable Conference on September 16, 2014 as we focus on "Reinvestment, Redevelopment and Revitalization in New York and New Jersey." This one-day event will feature a number of economic development finance experts and leaders from both states as they discuss the development finance tools and resources that foster proactive investment in the region's assets and accelerate economic growth.

CDFA Spotlight

Congress Introduces Modernizing American Manufacturing Bonds Act
Rep. Randy Hultgren (R-IL) and Rep. Richard Neal (D-MA) introduced the Modernizing American Manufacturing Bonds Act (MAMBA) of 2014, H.R. 5319. H.R. 5319, supported by CDFA and hundreds of issuers throughout the country, is a comprehensive package that will modernize and revolutionize manufacturing bonds.

CDFA Releases Annual Volume Cap Report
The Council of Development Finance Agencies (CDFA) is pleased to announce the release of the CDFA Annual Volume Cap Report: An Analysis of 2013 Private Activity Bond & Volume Cap Trends. This report provides the most complete data for the use of volume cap and issuance of cap-subject private activity bonds nationwide.

New York/New Jersey News

State Approves SUNY Oswego Campus Plan for START-UP NY
Central New York Business Journal | Aug. 5 | Access to Capital | Innovation Finance | State Finance Program | Tax Abatements

Rochester Gets $300K Brownfields Grant
WXXI | Jul. 31 | Brownfield Financing | U.S. Environmental Protection Agency (EPA) | Redevelopment

Social Impact Bonds: Phantom of the Nonprofit Sector
Nonprofit Quarterly | Jul. 28 | Bond Finance | Legislative

New York Wheel Gets Financial Backing from Chinese Investors
Staten Island Advance | Jul. 25 | Access to Capital | EB-5 Visa | U.S. Citizenship and Immigration Services (USCIS)

Empire State Development Approves $10M for 19 Projects
Economic Development HQ | Jul. 25 | Access to Capital | Economic Development | Member News | Revolving Loan Funds (RLFs) | State Finance Program

Carnegie House Co-op Gets an Energy-System Upgrade
Habitat | Jul. 22 | Access to Capital | Energy Finance | Green Finance | State Finance Program

North Country Gets $1M Agribusiness Loan Fund
North Country Public Radio | Jul. 22 | Access to Capital | Food Systems Finance | Revolving Loan Funds (RLFs) | Rural Development

Why ROC: Business Improvement District
Rochester Homepage | Jul. 18 | Local Finance Program | Tax Increment Finance (TIF) | Urban Development

New York and GE Launch Manufacturing Public-Private Partnership
Economic Development HQ | Jul. 18 | Innovation Finance | Public-Private Partnership (P3) Financing | Reshoring Manufacturing | State Finance Program

East Hanover Community Partnership Brings SID Back into Action
Hanover Eagle | Jul. 18 | Infrastructure Finance | Local Finance Program | Tax Increment Finance (TIF)

State Board Approves Half of Tappan Zee Loan
Capital New York | Jul. 17 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program

Looking to Fund a Clean Energy Project? You Need a Green Bank
National Journal | Jul. 17 | Access to Capital | Energy Finance | Green Finance | State Finance Program

Empire Brewing Getting Federal Support for Cazenovia Expansion
CNY Central | Jul. 17 | Federal | Economic Development

Economic Incentives Bill Brings Deals to South Jersey
Philadelphia Inquirer | Jul. 15 | Economic Development | State Finance Program | Tax Credits

Orange County Joins Energy Improvement Corporation
Mid-Hudson News Network | Jul. 14 | Energy Finance | Green Finance | State Finance Program | Bond Finance

EPA Grant Will Help Assess Brownfields in Glens Falls
WAMC | Jul. 14 | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

NJEDA Continues Sandy Assistance
NJEDA | Jul. 14 | Disaster Recovery & Relief | Member News | State Finance Program

New York Launches 20-year PPAs
Renews | Jul. 11 | Energy Finance | Green Finance | State Finance Program

Secaucus Projects Get $5.375M in Tax Breaks
The Record | Jul. 11 | Economic Development | Member News | State Finance Program | Tax Credits

Camden Manufacturing Prospect Lands $260M Tax Credits
FOX Business | Jul. 11 | Economic Development | Tax Credits


New Additions to the Online Resource Database

New York City EDC Capital Division Brochure
Access to Capital | Local Finance Program | Member News
This brochure from the New York City Economic Development Corporation's Capital Division highlights their purpose within the organization, the strengths of their team, and a portfolio of recent projects.

State Tax Credits for Historic Preservation
Redevelopment | State Finance Program | Tax Credits
The National Trust for Historic Preservation produced a policy report on the states' historic tax credits and what makes a state tax credit work.

CDFA Annual Volume Cap Report: An Analysis of 2013 Private Activity Bond & Volume Cap Trends
Bond Finance | CDFA Original Research
This annual CDFA report reviews the use of private activity bond volume cap and the issuance of cap-subject private activity bonds in every state.


Sponsors

Venue Sponsor

BNY Mellon

Annual Roundtable Sponsor

Hawkins Delafield & Wood LLP New Jersey Economic Development Authority Squire Patton Boggs Stern Brothers & Co. United Fund Advisors

Conference Premium Sponsor

HR&A Advisors Windels Marx Lane & Mittendorf, LLP

Conference Supporting Sponsor

Think Forward Financial, LLC

For information about sponsoring the CDFA New York/New Jersey 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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
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  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
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  • Ice Miller LLP
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  • NW Financial Group, LLC
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  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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