CDFA Pennsylvania Financing Roundtable Newsletter - September 2014

CDFA Pennsylvania Financing Roundtable Newsletter - September 2014
September 10, 2014



Feature
PIDA Approves $11.8M of Low-Interest Loans for Mfg Projects Gov. Corbett announced the approval by the Pennsylvania Industrial Development Authority (PIDA) of $11.8M in new investments for continued growth of manufacturers and redevelopment efforts. Bethlehem Distillery Wins First CRIZ Designation Bethlehem's City Revitalization and Improvement Zone (CRIZ) authority unanimously approved a plan by Social Still to defray at least $51K of construction costs by redirecting certain state and local taxes through the program, reports the Morning Call. States Try to Make it Easier to Raise Money with Crowdfunding To date, thirteen states plus D.C. have passed laws or regulations allowing startups to use crowdfunding to raise money from investors with less red tape than companies with shareholders, according to GOVERNING. Ben Franklin to Invest $146K in Established Manufacturers Ben Franklin Technology Partners, an initiative of the PA Dept. of Community and Economic Development, has approved $146K in new funding for technology development for manufacturers around the state.
Upcoming Events
CDFA Pennsylvania Webcast: Leveraging USDA Funding for Rural and Small Town Development September 24, 2014 The U.S. Department of Agriculture (USDA) is well-known for their farming programs, but there are other programs targeted for rural business and development that are available as well. In fact, 1.5 million Pennsylvanians are eligible to access these funds, which can be a flexible and valuable part of your project's capital stack. This webcast will feature USDA staff from Pennsylvania, who will share information about using these programs in the state.
Pennsylvania News
Atlas is Funding Blight Demolitions with P3 Times Shamrock \| Sep. 9 \| Community Development \| Local Finance Program \| Public-Private Partnership (P3) Financing \| Redevelopment \| Tax Credits Better by Design: Tax Credits' Structure Provides Superior Results Novogradac & Co. \| Sep. 3 \| Tax Credits \| U.S. Dept. of Housing & Urban Affairs (HUD) \| U.S. Dept. of Treasury \| U.S. Dept. of Interior - National Park Services (NPS) \| Federal Preservation Group to Congress: Save Historic Tax Credit Syracuse Post-Standard \| Aug. 27 \| Legislative \| Redevelopment \| Tax Credits \| Federal Supporting Small Businesses through Economic Development Offices Cities Speak \| Aug. 22 \| Crowdfunding \| Innovation Finance \| Member News \| U.S. Small Business Administration (SBA) Philly Nonprofit to Finance Local Entrepreneurs The Philadelphia Tribune \| Aug. 20 \| Access to Capital \| Foundations \| Innovation Finance \| Local Finance Program Commentary: New Markets Tax Credit Reports Ignore Success New Markets Tax Credit Coalition \| Aug. 20 \| Economic Development \| Legislative \| Tax Credits \| U.S. Dept. of Treasury CDFI Fund \| Federal Pittsburgh P3 to Redevelop Brownfields Near Airport NCPPP \| Aug. 19 \| Brownfield Financing \| Infrastructure Finance \| Public-Private Partnership (P3) Financing PennDOT Takes on P3s as States Cope with Complexity NCPPP \| Aug. 15 \| Infrastructure Finance \| Public-Private Partnership (P3) Financing \| State Finance Program ABCD Drafts Water Systems Proposal Altoona Mirror \| Aug. 15 \| Bond Finance \| Infrastructure Finance \| Local Finance Program \| Member News Philadelphia Sewer Receives $7M in Loans, Grants from State Watertown Daily Times \| Aug. 15 \| Access to Capital \| Infrastructure Finance \| State Finance Program EPA Announces $11M for Brownfields Environmental Protection Agency \| Aug. 15 \| Brownfield Financing \| U.S. Environmental Protection Agency (EPA) \| Federal Three New EB-5 Regional Centers for Encore Global PR Newswire \| Aug. 14 \| EB-5 Visa \| Economic Development \| U.S. Citizenship and Immigration Services (USCIS) Four Lehigh Valley Companies Win State Financing WFMZ \| Aug. 14 \| Access to Capital \| Economic Development \| State Finance Program Corbett: Low-Interest Loans Support Manufacturer Growth in PA YourErie \| Aug. 13 \| Access to Capital \| Economic Development \| State Finance Program >>> SEARCH HEADLINES
New Additions to the Online Resource Database
Achievement in Uncertain Times: The Economic Impact of Ben Franklin Technology Partners Access to Capital \| Innovation Finance \| State Finance Program The Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development which was established to provide necessary capital and access to technical expertise and business assistance for startups throughout four regions of the state. This executive summary looks into the economic impact of the program. P3 Issues and Considerations Infrastructure Finance \| Local Finance Program \| Public-Private Partnership (P3) Financing Practical Law Finance discusses public private partnerships (P3s) including when they should be used to develop infrastructure projects. This resource also discusses the most commonly used P3 structures, alternatives and how infrastructure projects (including those using a P3 structure) are typically financed. >>> SEARCH ONLINE RESOURCE DATABASE
Sponsors
Venue Sponsor Annual Roundtable Sponsor Conference Supporting Sponsor For information about sponsoring the CDFA Pennsylvania Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
New Members
Berks County Industrial Development Authority - Reading, PA
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.