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CDFA Wisconsin Financing Roundtable Newsletter - August 2017
August 9, 2017
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CDFA Wisconsin Financing Roundtable Newsletter

Feature

Mayor Soglin to Foxconn: Consider Oscar Mayer Site in Madison
Madison Mayor Paul Soglin is recommending Taiwanese electronics manufacturing giant Foxconn take over the shuttered Oscar Mayer site or either of two undeveloped sites on the city's edges for what is believed to be a possible medical-related facility.

$31.68M WHEFA Bond Financing Supports Grant Regional Health Center
Bond financing facilitated by WHEFA will be used to help Grant Regional Health Center, Inc. ("Grant Regional") finance the construction of 32,000-square feet of new space and renovation of 39,000 square feet of existing space at the critical access hospital in Lancaster, Wisconsin.

WEDC Approves $596K in Tax Credits for Steele Expansion
In addition to the 125 jobs expected to be created by Steele Solutions, an economic modeling study estimates the expansion could indirectly generate 204 additional jobs in the region. Those 249 new jobs could generate up to $2.8 million in state income tax revenue over a five-year period.

Foxconn Chooses to Locate in WI with $3B in Incentives
White House announced Foxconn would open its first major American factory in Wisconsin, which they said would create at least 3,000 jobs and represent a $10 billion investment. Foxconn would receive $3 billion in tax breaks and other subsidies over the next 15 years from the state.

City of Rhinelander, WI Conducts Review of TIF Districts
Rhinelander currently has six TIF districts, the oldest created in 2000 and the most recent in 2013. The city may collect the tax increments in a TIF district until the net project cost has been recovered or until 27 years after its creation date, whichever comes first.

Governor Walker Commends WHEFA
Governor Scott Walker commended the Wisconsin Health and Educational Facilities Authority (WHEFA), which just issued its 2017 Fiscal Year in Review for the fiscal year ending June 30, 2017. The report indicates WHEFA saved Wisconsin nonprofit institutions more than $38 million by refinancing outstanding debt.

Tax Credit Price Drop Impacts WI Affordable Housing
Investors throughout the country are paying less for those tax credits because they believe President Donald Trump and the Republican-controlled Congress will likely cut corporate income tax rates. Such tax rate cuts would make the tax credits, which are used over a 10-year period, less valuable to banks and other firms that buy them from developers.

Upcoming Events

2017 CDFA Wisconsin Financing Roundtable Webinar
August 16 , 2017 - 1:00 - 3:00 PM Central
Join the CDFA Wisconsin Financing Roundtable for a special one-day Webinar. 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 Wisconsin economy going forward.

Wisconsin News

WI Could Offer Fiserv $12.5M Incentive to Stay in State
Journal Sentinel | Aug. 3 | Incentives

Saving WI Theaters Provides Positive Economic Impacts
Wisconsin State Journal | Jul. 23 | Brownfield Financing | Historic Preservation

Delayed Milwaukee Affordable Housing Development Moves Forward
Milwaukee Journal Sentinel | Jul. 20 | Brownfield Financing | Community Development | Incentives

Tax Credits and TIF Will Support Grand Appliance Headquarters in Racine County, WI
Milwaukee Business News | Jul. 12 | Tax Credits | Tax Increment Finance (TIF)


Sponsor

Premium Sponsor

Husch Blackwell Wisconsin Health and Educational Faciltities Authority

For information about sponsoring the Wisconsin 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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