CDFA Minnesota Financing Roundtable Newsletter - February 2017
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CDFA Minnesota Financing Roundtable Newsletter - February 2017
February 8, 2017
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CDFA Minnesota 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.

Grow a Farmer Loan Fund Launched in MN
The Grow a Farmer Fund is a revolving-loan fund managed by Southern Minnesota Initiative Foundation that offers lower-interest loans up to $15,000 to individuals in SMIF's 20-county region for inventory, supplies, working capital or machinery/equipment.

DEED Awards $5.7M for Site Assessment and Remediation
The 15 projects supported by this funding are projected to create or retain 1,400 jobs. DEED cleanup grants, which are awarded twice a year, account for about 75 percent of funding used for reclaiming polluted sites and brownfields statewide.

Dayton Announces $350M in Federal Funds for Water Quality
Minnesota has secured $350 million in federal funding for a voluntary program to pay farmers to protect and improve water quality in southern and western Minnesota, but the state needs to come up with about $95 million more to get the full amount.

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.

MN Sees Fewest Venture Capital Deals in 12 Years
For the year in the state, there were 23 venture capital deals, raising $339.4 million. It was the lowest number of such deals since 2005, which saw only 20 deals, and the lowest amount raised since the $267.9 million from 39 deals in 2013.

Former Fridley Weapons Plant Receives $1M Grant for Cleanup
A $1 million grant will be used to clean up polluted soils and prepare a site for two industrial buildings at Northern Stacks. The project, now in its final phase, has received about $2 million in such grants for its earlier phases.

Five Central MN Projects Get Broadband Grants
The statewide grant includes around $1.9 million to increase internet access to thousands of households and businesses in central Minnesota. In total, $34 million is being allocated from the state's general fund resources to fund 42 projects statewide.

Upcoming Events

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.

Intro Bond Finance WebCourse
March 1 - 2, 2017 - 12:00 - 5:00 PM Eastern
The Intro Bond Finance WebCourse provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

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.

Minnesota News

New Report Will Examine Effectiveness of MN's R&D Tax Credit
Star Tribune | Feb. 6 | Recommended Practices | Tax Credits

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

DEED Awards $320K From Capacity Building Program
DEED | Jan. 27 | Community Development | Economic Development

Coon Rapids City Council Extends TIF District for Riverwalk Development
ABC Newspapers | Jan. 23 | Tax Increment Finance (TIF)

$100K RLF Supports MNStar Expansion
Herald Review | Jan. 23 | Revolving Loan Funds (RLFs)

North Central EDA to Participate in New Entrepreneur Loan Program
Echo Journal | Jan. 23 | Access to Capital | Innovation Finance

Former Fridley Weapons Plant Receives Livable Communities Funds
Star Tribune | Jan. 18 | Brownfield Financing


Sponsors

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

New Members

Northwest Indian Community Development Center - Bemidji, MN


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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