CDFA Ohio Financing Roundtable Newsletter - February 2017
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CDFA Ohio Financing Roundtable Newsletter - February 2017
February 8, 2017
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CDFA Ohio Financing Roundtable Newsletter

Feature

CDFA Releases 2017 Policy Agenda
CDFA is proud to release its 2017 Policy Agenda. Our agenda outlines numerous recommendations to some of the nation's most difficult development finance issues, and we hope that Congress and the Administration will use our recommendations as a roadmap to improvements in these areas. To read The Bond Buyer's overview, click here.

Nestlé USA is bringing 321 jobs to Solon, OH
The company will receive financial support for moving the corporate units to Solon. JobsOhio is offering Nestlé a $1.5 million workforce training grant. In addition, the Ohio Tax Credit Authority has approved the expansion of a 2013 job creation tax credit, and the city of Solon is offering a job creation grant.

DFA of Summit County Releases Year End Report
2016 was a very busy and successful year for the Development Finance Authority of Summit County (DFA) and its Certified Development Entity, the Development Fund of the Western Reserve (DFWR). In 2016, the DFA and DFWR provided financing in the amount of $55,315,000 for twelve projects.

$45M Infrastructure Investment Will Support New OH Research Center
The State of Ohio and the Ohio State University are funding the $45 million Phase 1 expansion of the Transportation Research Center's (TRC) all-new 540-acre SMART (Smart Mobility Advanced Research and Test) Center – a state-of-the-art hub for automated and autonomous testing.

$1.4M Grant Will Support Property Demolition in Licking County
The Licking County Land Reutilization Corporation has been approved for a $1.4 million Neighborhood Initiative Program grant from the Ohio Housing Finance Agency. The grant provides up to $25,000 per property for acquisition, demolition, asbestos removal, greening and maintenance.

Strengthening Ohio's Water Infrastructure: Financing and Policy
This report is written by the Greater Ohio Policy Center in fulfillment of a grant from the Ohio Water Development Authority (OWDA) to the Greater Ohio Policy Center (GOPC) to examine new and innovative financing techniques for water, wastewater, and stormwater infrastructure in the state of Ohio.

NMTC Coalition Urges Supporters to Sign Letter
The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool.

Kresge Invests $5M in Port of Greater Cincinnati Development Authority
The Kresge Foundation is loaning $5 million to the Port of Greater Cincinnati Development Authority to operate the loan fund, aiming to lower the barrier for local entrepreneurs. This investment is the culmination of a year long negotiation between Kresge and the Port of Cincinnati; a relationship brokered by CDFA.

ODSA Funding Available to for Energy Improvements
The Energy Loan Fund is now accepting applications. The fund helps small businesses, manufacturers, nonprofits, and local governments implement energy efficiency improvements to lower energy use and costs.

Upcoming Events

CDFA Ohio Conference
September 7, 2017 - Columbus, OH
Join the CDFA Ohio Financing Roundtable, in partnership with OEDA, for the ninth annual conference on September 7, 2017. 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 Ohio economy going forward.

The conference will take place at The Blackwell Inn at Fisher College of Business, located on the campus of The Ohio State University and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2017 CDFA Ohio Financing Roundtable Conference.

Intro Tax Credit Finance WebCourse
February 15 - 16, 2017 - 12:00 - 5:00 PM Eastern
The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs.

CDFA Spotlight

CDFA Online Brownfields Project Marketplace
February 23, 2017 - 12:00 - 5:00 PM Eastern
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on February 23, to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

Ohio News

Funding Available to Help Install Alternative Fuel Stations in OH
ODSA | Feb. 3 | Economic Development | Energy Finance

CDFA Agenda Includes Pushing for Bond Bills, Supporting Tax Exemption
The Bond Buyer | Feb. 2 | Bond Finance | Energy Finance | Federal | Legislative | Member News

$1.25M Tax Credit Will Bring 200 Jobs to Cincinnati
Cincinnati Business Courier | Jan. 31 | Incentives | Tax Credits

OH Tax Credits Support $40M in New Payroll
Office of the Governor State of Ohio | Jan. 30 | Tax Credits

Columbiana County CIC Having Trouble Giving Away Loan Money
Morning Journal | Jan. 30 | Revolving Loan Funds (RLFs)

Massillon Council OKs TIFs to Fund Future Projects
Canton Rep | Jan. 23 | Tax Increment Finance (TIF)

Bexley Apartment Proposal Receives $500K Cleanup Grant
Columbus Business First | Jan. 23 | Brownfield Financing

Port of Greater Cincinnati Development Finance Authority Project Update
Port of Greater Cincinnati Development Finance Authority | Jan. 11 | Bond Finance | Member News


Sponsors

State Partner

Ohio Economic Development Association

State Investor

Bricker & Eckler LLP FBT Project Finance Advisors LLC Frost Brown Todd, LLC Ice Miller LLP KeyBanc Capital Markets Squire Patton Boggs Taft, Stettinius & Hollister LLP

For information about sponsoring the CDFA Ohio 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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