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CDFA Minnesota Financing Roundtable Newsletter - September 2017
September 13, 2017
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CDFA Minnesota Financing Roundtable Newsletter


St. Peter EDA Considering Using RLF for Community Projects
Some $235,000 of restricted state funds in the coffers of the St. Peter Economic Development Authority might be loosened up a bit for community projects. The 2016 Minnesota Legislature proposed the more flexible use of these Revolving Loan Funds, which totaled just over $21 million throughout the state.

Exploring How MN Small Businesses Can Beat the Workforce Shortage
Greg Bergman, regional director of Central Lakes College's Small Business Development Center, acknowledged the lack of workers can be a difficulty for would-be business owners getting into the game, and existing business people hoping to retain what staff they have. However, in some ways small businesses may have it better than larger corporations when it comes to dealing with the worker shortage.

MDA Announces Good Food Access Program Awardees
The Minnesota Department of Agriculture (MDA) is pleased to announce that eight statewide projects have been awarded funding through the Good Food Access Program (GFAP). A total of $150,000 in grant funds has been awarded to projects to purchase equipment and make physical improvements.

Homeless Shelter Developments Require Persistence in MN
Early this year affordable housing developers scrambled to plug holes of $1 million or more in their project budgets due to limits put on tax credit allocations to states, Finance & Commerce previously reported. At the time, they warned that 15 percent to 20 percent fewer affordable units would be built.

Funding Available for Sustainable MN Agriculture Projects
The Minnesota Department of Agriculture (MDA) is now accepting applications for Agricultural Growth, Research and Innovation (AGRI) Sustainable Agriculture and Demonstration Grants. Approximately $250,000 is available to fund projects that explore new ways of conserving natural resources, enhancing farm profitability, increasing energy efficiency, and improving life in rural communities.

Loan Program is a Success for Downtown Faribault, MN
Since the Downtown Commercial Rehabilitation and Exterior Improvement Program was approved in October 2016 with $300,000 of Small Cities Development Funds, 13 applicants have received loans for 21 addresses in Faribault's Central Business District. The flurry of activity leaves the fund with a balance of only about $33,000.

Winona Port Authority Explores Using Property Tax for Development
Winona's Port Authority is starting a process to establish funding support for two area building projects through tax districts. The developers total cost estimate is $7.6 million, of which $800,000 seems eligible for reimbursement by TIF funds.

Upcoming Events

CDFA National Development Finance Summit
November 15 - 17, 2017 - Atlanta, GA
The CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. The CDFA National Summit is designed for both public and private sector participants from all areas of the country. Attendees represent a diverse cross section of the development finance industry and bring unique perspectives, creative financing approaches, and interesting conversation to the event.

CDFA – Frost Brown Todd Infrastructure Finance Webcast Series
September 26-29, 2017 - Daily: 2:00 - 3:30 PM Eastern
The CDFA – Frost Brown Todd Infrastructure Finance Webcast Series will address current trends in financing the nation's most pressing infrastructure needs along with strategies for assembling capital, structuring the deal, and addressing critical financing gaps.


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For information about sponsoring the CDFA Minnesota 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

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  • 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
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  • NW Financial Group, LLC
  • SB Friedman Development Advisors
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