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CDFA Pennsylvania Financing Roundtable Newsletter - March 2017
March 8, 2017
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CDFA Pennsylvania Financing Roundtable Newsletter


Welcome to the All New CDFA.net Featuring State Pages
CDFA is proud to announce the new CDFA.net website. A year in the making, this new site provides all of CDFA's vast resources with better style, navigation and resources. New additions to the website include state focus pages. Check out events, news, and resources available in Pennsylvania and all that we have to offer today.

PIDA Loans Will Support 185 Jobs
In 2017, PIDA has approved $12.4 million in low-interest loans that have resulted in $20.4 million in private investment. Over the last month PIDA approved $1.87 million in low-interest loans for four projects in Beaver, Bucks, Lancaster, and Mifflin counties that will generate nearly $3.4 million in private investments.

University City, PA Qualifies for Start-Up Tax Credits
The 2016 Keystone Innovation Zone Tax Credits are $15 million in tax credits that are available to startup companies in certain geographic areas throughout the state. Keystone Innovation Zones were originally created as part of former Governor Rendell's plan to encourage startup growth throughout Pennsylvania.

$1.4M Provided to Nine PA Revitalization Projects
The Keystone Communities program is designed to encourage the creation of partnerships between the public and private sectors in the community that jointly support local initiatives such as the growth and stability of neighborhoods; social and economic diversity; and a strong and secure quality of life.

Scranton, PA Group Looks to Scuttle Local Tax Tripling
A Lackawanna County, Pa., court was scheduled Monday to hear a petition by a Scranton taxpayer group that alleges the distressed city's tripling of its local services tax is illegal.

PA State Tax Credits May be Cut
A cost-savings proposal in the governor's budget for fiscal 2017-18 would convert an array of state tax credits into a block grant. That would enable officials to give priority to those tax credits providing the greatest opportunities for business investment, education access, and community development.

DCED to Tighten Job Creation Rules and Add New Grants
Companies that receive state funding for job creation would face stricter oversight under Governor Tom Wolf's 2017-18 budget proposal, with revenue collected from companies that fall short helping fund a new apprenticeship program.

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.

2017 CDFA Pennsylvania Financing Roundtable Webinar
March 22, 2017 - 1:00 - 3:00 PM Eastern
Join the CDFA Pennsylvania 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 Pennsylvania economy going forward.

Pennsylvania News

New Look, Same Location: CDFA's Website Update
CDFA | Feb. 23 | CDFA Original Research | Member News

Blighted Beury Building may be the Next North Broad Street Comeback
The Inquirer Daily News | Mar. 3 | Brownfield Financing

Ford Announces $1B Investment in Self-Driving Cars
Fortune | Feb. 10 | Economic Development


Premium Sponsor

NW Financial Group, LLC

For information about sponsoring the CDFA Pennsylvania 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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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
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor