CDFA Arizona Financing Roundtable Newsletter - March 2017


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CDFA Arizona Financing Roundtable Newsletter - March 2017
March 15, 2017
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CDFA Arizona Financing Roundtable Newsletter


House Rejects New Way for Big Firms to Use Tax Credits
The full Arizona House on Thursday rejected a measure allowing big manufacturing companies like chip-maker Intel to use millions of dollars of existing tax credits they can't currently cash in, despite efforts by the Republican sponsor to make it more palatable.

AZ House Rejects Law That Would Modify Tax Credit Use
The full Arizona House on Thursday rejected a measure allowing big manufacturing companies like chip-maker Intel to use millions of dollars of existing tax credits they can't currently cash in, despite efforts by the Republican sponsor to make it more palatable.

New AZ Bill May Allow Companies to Cash In Tax Credits
The bill allows companies to use their current tax credits to get cash refunds or sales tax offsets when they build new facilities. Many companies can't currently use the credits because previous tax breaks leave them owing no corporate income tax.

$925K Chase Grant Supports Phoenix Entrepreneurs
Chase awarded $925,000 in eight grants to organizations that provide programs to assist underserved entrepreneurs, including women and minority small businesses, throughout the state. That number is over double what they handed out at the kick-off of last year's Phoenix Startup week.

Congressman O'Halleran Supports New Deal Rural Broadband Act
Nearly 40 percent of rural America lacks broadband internet access. The New Deal Rural Broadband Act would authorize $20 billion in federal funds for infrastructure. It would also establish an office to manage internet access programs nationwide and streamline investment.

La Paz County Issues RFP for 1.5GW of Solar Energy
The RFP is leveraging on congressman Paul Gosar's recent jobs bill introduced to encourage economic development in rural Arizona. HR 6491, introduced in December 2016, authorized the secretary of the Interior to utilize land in La Paz County to facilitate renewable energy projects for the western US.

New Look, Same Location: CDFA's Website Update
CDFA is excited to show off a new and improved website layout!

Upcoming Events

Intro Incentives WebCourse
April 5 - 6, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

CDFA // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
April 18, 2017 - 1:00 PM Eastern
After the latest round of allocations from the CDFI Fund, there are now more New Markets Tax Credits available than there are qualifying projects. This webcast will explain the double allocation of tax credits that occurred during the last round and explore how this is affecting the tax credit markets. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an inside look into how these tax credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.


State Partner

Arizona Association for Economic Development Phoenix IDA

For information about sponsoring the CDFA Arizona 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 or e-mail

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
  • Bank of America, Merrill Lynch
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • NW Financial Group, LLC
  • S.B. Friedman & Company
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor