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CDFA Louisiana Financing Roundtable Newsletter - July 2016

CDFA Louisiana Financing Roundtable Newsletter - July 2016
July 27, 2016
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CDFA Louisiana Financing Roundtable Newsletter

Feature

LED Announces Changes In Industrial Tax Exemption Program
Louisiana Economic Development announced changes to the state's industrial tax exemption program, which include allowing local governments to sign off on the level of local tax exemption to be granted, and ensuring that ITEP contracts are accompanied by a Cooperative Endeavor Agreement

LA Legislative Audit Finds Development District Violated State Budget Laws
The Juban Crossing Economic Development District failed to adopt an annual budget for either of the past two years, according to the district's first audit.

How LA Will Tackle Its Transportation Funding Backlog
The Task Force on Transportation Infrastructure Investment will explore all possibilities, including public-private partnerships, greater use of tolling, and developing new revenue to support a revenue bond program as part of a 6-month review of funding solutions for transportation needs.

Terrebonne Parish Council Approves Med Center Bonds
The Terrebonne, LA Parish Council approved the issuance of bonds for a new electronic medical records system at Terrebonne General Medical Center.

Lake Charles, LA Project Receives $4.55M Tax Credit
Construction has begun on a $3 billion ethane cracker plant in Lake Charles, LA. The project received an incentive package that includes a Modernization Tax Credit of $4.55 million, as well as additional incentives for infrastructure improvement.

CDFA Brownfields Financing Webinar Series: Strategic TIF Structuring for Redevelopment
Thursday, September 1 | 2:00 - 3:30pm Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss tax increment financing and how it can be used to compliment the redevelopment and cleanup of your brownfield project.

Upcoming Events

CDFA Louisiana Conference
November 1, 2016 - New Orleans, Louisiana
Join CDFA for the first annual Louisiana Financing Roundtable Conference on November 1st in New Orleans! In partnership with LPFA, this year's conference will be a kick-off event for CDFA's 30th National Development Finance Summit held on November 2-4 at the Astor Crown Plaza in the French Quarter.


Louisiana News

LA Residents Hit Limit on Solar Energy Tax Credits
The Roanoke Times | Jul. 21 | Energy Finance | Green Finance | Tax Credits

EPA Announces $10.7M in Supplemental Funds to Cleanup Brownfields
US EPA | Jul. 18 | Brownfield Financing | U.S. Environmental Protection Agency (EPA)

LA PILOTs: an Alternative to the State's Industrial Tax Exemption Program
Adams and Reese | Jul. 18 | Economic Development | Incentives | State Finance Program

Council Approves Creation of Four TIF Districts in Minden, LA
Minden Press Herald | Jul. 11 | Tax Increment Finance (TIF)

U.S. EDA Announces $280K Investment to Support Development
U.S. Economic Development Administration | Jul. 7 | U.S. Economic Development Administration (EDA)

Film Program Review to Create a Sustainable Industry for LA
Louisiana Economic Development | Jul. 7 | Tax Credits


Sponsors

Roundtable Partner

Louisiana Public Facilities Authority

For information about sponsoring the Louisiana Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

New Members

Provident Resources Group Inc. - Baton Rouge, LA


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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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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