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CDFA North Carolina Financing Roundtable Newsletter - August 2017
August 30, 2017
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CDFA North Carolina Financing Roundtable Newsletter

Feature

Madison, NC, Approves Development Incentives
The Madison Board of Aldermen has unanimously approved a grant program that could help bolster economic growth and make it easier for business owners reinvest in local buildings. The Town of Madison Development Incentive Grant Program will give select business owners a chance to recover funds invested to make improvements and up current tax values.

Incentives Helping Fibertex Locate Plant in Asheboro, NC
Fibertex Personal Care, a Danish-based textile company, will invest $60 million to establish its first United States manufacturing plant in Asheboro, North Carolina. The company plans to create 145 jobs. As an incentive, the North Carolina project will be facilitated in part by a state Job Development Investment Grant, approved by the state's Economic Investment Committee. 

NC Leading the Way for Aerospace Manufacturing
North Carolina has risen 14 spots to become the fourth most-attractive state in the nation for aerospace manufacturing, according to an annual study issued by global accounting firm PwC. The study assesses countries and states on factors including their economy, industry, tax policy, infrastructure and labor force.

15 States Trying to Lure Toyota-Mazda $1.6B Plant
One of the biggest potential job-creating bonanzas in the country, a giant new auto plant proposed by Toyota and Mazda, began in secret with a mysterious code name. Now it has become a full-blown race among states to try to reel in the $1.6-billion project that will create 4,000 good-paying direct jobs and thousands of other indirect jobs.

Asheville, NC's BizWorks Receives SBA Funds for Small Business Loans
Mountain BizWorks, the local nonprofit that gives loans and training to small businesses, has secured $2.9 million in federal funding from the Small Business Administration, the Department of the Treasury, and the Economic Development Administration to continue and expand lending.

The North Carolina Rural Center Will Seed New Roseboro Loan Fund
"The Rural Center will seed a locally-led loan fund for Roseboro small businesses," mayor Butler explained. "The initial fund is $100,000 and Roseboro businesses will have access to additional funds based on demand and activity, which could result in a local revolving loan fund of $250,000-$300,000."

Upcoming Events

CDFA Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.

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For information about sponsoring the CDFA North Carolina 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
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 LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • Miles & Stockbridge P.C.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
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  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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