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CDFA Arizona Financing Roundtable Newsletter - May 2017
May 17, 2017
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CDFA Arizona Financing Roundtable Newsletter

Feature

YWCA Creates $1M Loan Fund for Minority Women Entrepreneurs
The YWCA of Southern Arizona launched the fund to facilitate lending to women and minority entrepreneurs whose businesses support regional economic development. The YWCA chapter's Second Century Campaign also includes a $500,000 training and advocacy center for disadvantaged women.

Angel Investor Tax Credit Passes AZ Senate
House Bill 2191, which would add $10 million in new tax-credit funding authority, was sent to the House, where the majority caucus recommended passage. The original bill passed the Senate but stalled in the lower chamber.

AZ Lawmakers Considering Tax Credits for Large and Small Businesses
There are at least four measures being pushed by Republicans who champion the tax incentives as a way to spur new business growth. It's unclear which of the bills will make it to the finish line, and time is short.

AZ's Budget Battle: Who Won and Who Lost?
The battle over the budget this year at the Arizona Legislature created some clear winners and losers. Some of them were the usual suspects, others were new to the budget game.

Greater Yuma EDC Attracts $27.5M Almark Foods Investment
Yuma, Arizona, which Almark called their western "flagship location," will be home to a new 120,000 square-foot building on a 17-acre property Almark purchased from the city in December for about $1.46 million. About 200 total construction jobs will have been created throughout the whole project.

Glendale Nearing Financial Stability
Glendale is unique in that it spends a significant chunk of its operating budget to pay debts on sports facilities and other capital projects. The city projects that 12.1 percent of its general-fund revenue will go toward these bonds, breaking a policy demanding these types of debts not exceed 10 percent.

House Bill 2094 Supports Small Water Systems
Sponsored by Representative Russell Bowers, R-25, HB 2094 makes the small water systems fund available to assist many of the 60 small water systems currently delivering water with contaminant levels exceeding federal safe drinking water standards.

Upcoming Events

Best of the Best Guidance on NMTC Applications
May 24, 2017 - 1:00 PM - 2:30 PM Eastern
This year's allocation of New Markets Tax Credits is now open for applications, and CDFA is here to help guide you through the process before the June 21st deadline. Tune into this webinar to hear a panel of expert speakers discuss the tips and tricks that they have learned through many years of working with this program.

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.

Sponsors

State Partner

Arizona Association for Economic Development Phoenix IDA

Premium Sponsor

Kutak Rock LLP

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 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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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
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • 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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