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CDFA Georgia Financing Roundtable Newsletter - April 2017
April 26, 2017
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CDFA Georgia Financing Roundtable Newsletter

Feature

GA Governor Deal Signs Two Tax Credit Bills
House Bill 199 will provide a 20 percent tax credit for post-production companies with at least a $250,000 payroll in Georgia. House Bill 265 exempts from state and local sales taxes building materials used for renovating or expanding performance arts venues run by a nonprofit organization containing an art museum, symphonic hall and theater.

$100K in Funding Renovates First Four of More than 10 Homes in GA
More than $100,000 of the $306,000 CHIP grant funds have been used to repair at least four homes in Carrollton. The Carrollton Housing Authority will begin improvements on another three homes soon and will continue the work until about a dozen homes are completed.

GA Development Authority Focuses on Incentives for Businesses
The Brunswick and Glynn County Development Authority has turned its attention to business incentives. The organization is discussing two packages currently for business development projects in the area.

Will Electric Cars Still Get Sold Without Incentives?
In Georgia, a very illuminating thing happened after incentives expired. While sales for the Nissan Leaf, which made up the majority of the EV market there, decreased dramatically sales of electric-luxury Teslas were barely affected by the loss of the tax credit. In fact, more people are buying Teslas in Georgia today than during the subsidy years. 

CDFA National Summit Call for Submissions
CDFA is accepting sessions submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.

Commission Authorizes Funds for Cyber Parking Deck in GA
Augusta officials set in motion plans to build a parking garage for the Georgia Cyber Innovation and Training Center. The city will pay for construction of the parking deck through a $12 million bond issue.

Toshiba Woes Harm Outlook for Public Power Nuke Bonds
Heightened concern about a potential Westinghouse bankruptcy filing led to negative outlooks on municipal bonds issued for new nuclear units the company is building in Georgia and South Carolina.

Johnson Park Undergoing $330K in Renovations
Johnson Park Recreation Center at 1781 Ebenezer Road in Conyers is undergoing $330,292 worth of renovations, which is funded through 2011 SPLOST dollars.

Upcoming Events

Intro Tax Increment Finance WebCourse
May 10 - 11, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders. 

CDFA Georgia Conference
June 7, 2017 - Atlanta, GA
Join the CDFA Georgia Financing Roundtable, in partnership with GEDA, for a special one-day conference hosted at the offices of Seyfarth Shaw LLP. 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 Georgia economy going forward.

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

Georgia Economic Developers Association

Venue Sponsor

Seyfarth Shaw LLP

Premium Sponsor

Public Financial Management

Supporting Sponsor

Development Authority of Clayton County Federal Home Loan Bank of Atlanta

For information about sponsoring the CDFA Georgia 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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