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CDFA Ohio Financing Roundtable Newsletter - May 2017
May 10, 2017
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CDFA Ohio Financing Roundtable Newsletter


CDFA National Summit Call for Submissions
CDFA is accepting session submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.

Goodyear Announces $100K in Support of Akron RLF
The Goodyear Tire & Rubber Company today announced that it is contributing $100,000 to the Development Fund of the Western Reserve ("DFWR") to support the Akron Community Revitalization Loan Fund. DFWR is affiliated with the Development Finance Authority of Summit County.

Banks Were Held Accountable to More Neighborhoods in 2016
National Community Reinvestment Coalition say they are starting to see the impact from working with banks and developing community reinvestment plans that help banks meet their requirement under the Community Reinvestment Act (CRA).

Former Bengal Launches New Minority Business Accelerator
Hillman Accelerator was built specifically to attract and accelerate tech companies founded by women and ethnic minorities. Hillman will recruit five teams to move to Cincinnati and build their businesses during the four-month program, which will run from June to October.

OH Ranks Number One for Completed Federal Historic Projects
The Buckeye State completed 103 Federal Historic Tax Credit projects in fiscal year 2016 (October 2015-September 2016). That includes seven projects completed in Greater Cincinnati during that time along with three others that were still underway.

Akron Revitalization RLF Gets Boost from New Donations
Several community members — Paul Thomarios, Paul Testa, David Brennan and the Development Finance Authority of Summit County — contributed grants totaling $70,000. Those grants come on the heels of two $100,000 grants from Akron Children's Hospital and FirstEnergy Corp. at the end of March.

Significant 2016 Year-End Ohio Historic Preservation Developments
In December 2016, Substitute Senate Bill Number 235 was enacted. This bill granted a catalytic award to each person who had previously applied for a catalytic award for the fiscal year 2016-2017 biennium, and whose application was not previously approved.

OH is Among the Top States for Venture Capital
When it comes to attracting venture capital deals and dollars, Ohio finds itself ranked in the top 20 states — and sometimes the top 15, a new report says. Last year, Ohio saw $256.6 million in venture-capital deals, down from $400.3 million deals in 2015, according to a new report.

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. 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.

Intro Food Systems Finance WebCourse
June 7 - 8, 2017 - Daily: 12:00 - 5:00 PM Eastern
The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

Ohio News

RLF Funds Could Support Development on Yellow Springs CBE Land
Yellow Springs News | May. 4 | Revolving Loan Funds (RLFs) | Rural Development

Demolition Begins on Vacant Clark Station
Telegraph-Forum | May. 3 | Brownfield Financing

Nuclear Power Plants are Key to OH's Economy
News Herald | Apr. 28 | Energy Finance

The Surprisingly Short List of Cities Experiencing Inclusive Growth
Brookings | Apr. 27 | Economic Development

Ohio City, OH Will Expand Its Clean & Safe Ambassador Program
Crain's Cleveland Business | Apr. 25 | Tax Increment Finance (TIF)

Statewide Investments to Create $32M in New Payroll in OH
State of Ohio: Office of the Governor | Apr. 24 | Tax Credits

State Historic Tax Credits Assist Renovation of Dayton Building
Dayton Business Journal | Apr. 13 | Historic Preservation | Tax Credits


State Partner

Ohio Economic Development Association

Premium Sponsor

Bricker & Eckler LLP FBT Project Finance Advisors LLC Frost Brown Todd, LLC Ice Miller LLP KeyBanc Capital Markets Squire Patton Boggs Stifel Nicolaus 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.

New Members

Duff & Phelps LLC - Westlake, OH

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

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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
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  • Miles & Stockbridge P.C.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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