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CDFA North Carolina Financing Roundtable Newsletter - April 2018
April 11, 2018
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CDFA North Carolina Financing Roundtable Newsletter

Feature

Albaad USA, Inc. to Receive Incentives for Expansion in Reidsville, NC
Albaad USA, Inc., a multinational manufacturer of wet wipes and other hygiene products will expand its U.S. operations in Reidsville, creating 302 jobs. Albaad's expansion in Rockingham County will be facilitated, in part, by a Job Development Investment Grant (JDIG).

Mount Airy, NC Receives $2.7M From CDBG and SRF
Mount Airy has been awarded $1,731,600 in Community Development Block Grant infrastructure funding for sewer improvements in the Maple/Merritt Street area. The city was tapped for another $963,100 in low-interest loan funding from the Drinking Water State Reserve (DWSR) program for water system improvements there.

Greystone Affordable Development Closes on $55.8M Transaction in NC
Greystone Affordable Development, a leading provider of affordable housing recapitalization and rehabilitation advisory services, announces the closing of a $55.8 million multifamily housing transaction in North Carolina.

Ernst & Young Using NC Incentives to Fund Expansion
Ernst & Young LLP (EY) will expand its operations in Mecklenburg County, NC, creating 375 jobs. EY's expansion in Mecklenburg County will be facilitated, in part, by a $3.2 million Job Development Investment Grant (JDIG) spread over 12 years.

Bladen County, NC Receives SRF Funds for Water and Wastewater Infrastructure
The State Water Infrastructure Authority has approved more than $240 million in loans and grants for 127 projects statewide, all aimed at improving or replacing North Carolina water and wastewater infrastructure.

Charlotte Airport Funding $200M Expansion with Bonds
The airport is funding the concourse expansion with revenue bonds and the proceeds of a $3-per-passenger charge the airport imposes on travelers at Charlotte Douglas International. Charlotte's airport has been a hive of construction in recent years, with another major project underway to expand and replace the roadway in front of the terminal lobby.

Upcoming Events

CDFA North Carolina Conference
May 3, 2018 - Charlotte, NC
Join the CDFA North Carolina Financing Roundtable for a special one-day conference hosted at the Foundation For The Carolina's. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the North Carolina economy going forward. This year's conference will feature discussions on Legislative Update: Tax Reform and Opportunity Zones, Creative Tax Credit Financing, Leveraging Revolving Loan Funds in North Carolina, Rural Development in the Tar Heel State, Emerging Project-Based Investment Tools: Crowdfunding and Impact Investing, and the Community Reinvestment Act.

CDFA Spotlight

Submit Your Proposal to Present at the 2018 CDFA National Summit
CDFA needs your help to source deals, projects and programs and will be accepting submissions for potential deals, projects and program presentations. If selected, each speaker will be given one complimentary registration to attend the CDFA National Summit.

North Carolina News

Corning Incorporated Announces New Manufacturing Facility in Durham County, NC
WebWire | Apr. 11 | Incentives | Economic Development

Farm Fresh Incentives Approved in Sampson County, NC
The Sampson Independent | Apr. 11 | Incentives

Scotland County OKs Change to Revolving Loan Fund
The Laurinburg Exchange | Apr. 2 | Revolving Loan Funds (RLFs)

Corvid Technologies Receives NC Incentives for Expanding Headquarters
Area Development | Mar. 28 | Incentives

Egger Wood Products Receives NC Incentives for Manufacturing Hub
Area Development | Mar. 19 | Incentives | Economic Development


Sponsors


Your Logo Here!

Supporting Sponsor

CleanSource Capital

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

New Members

North Carolina Department of Commerce - Raleigh, NC

BWC Consulting, LLC - Greensboro, NC


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

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