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CDFA Pennsylvania Financing Roundtable Newsletter - June 2017
June 14, 2017
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

Redevelopment Authority, Investors Working to Address Meadville's Blight
The RDA is investing a total of $35,000 into two projects, according to Withey, which includes $25,000 in low-interest loans and $10,000 in grants. The grants were used to address high-priority issues such as heating systems and windows that were needed to make the buildings livable, Withey said.

PA Seeks Federal Funds to Support Rural Broadband
Jill Foys, executive director of the Northwest Commission, said rural fortunes are tied to adequate internet service. She equates the fundamental need for rural broadband service to the essence of roads and phone service in the last century.

Seven PA Business Development Projects Will Support 1,100 Jobs
Seven new projects have been approved through the Commonwealth Financing Authority, totaling more than $20.7 million in funding. One project was approved for funding under the Pipeline Investment Program, and six projects were approved for funding under the Business in Our Sites program.

TIF Funding Moving Forward in Springfield Township, PA
The funding for Springfield Township's Tax Incremental Financing project is moving along as expected. The $13M TIF loan will be split between the school district, sewer district and Township.

30 PA Community Revitalization Projects Receive Funding
Governor Tom Wolf has announced the approval of $3.8 million in funding through the Keystone Communities program to support 30 community revitalization projects across the commonwealth. The funding will support projects such as accessible housing and façade improvements.

Upcoming Events

CDFA Summer School
August 7 - 11, 2017 - Minneapolis, MN
CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

USDA Rural Community Development Initiative + Grant Application Tips
July 14, 2017 - 1:00PM Eastern
During this special webinar from CDFA, learn from expert speakers and previous awardees as we discuss the RCDI program, how to apply, and recommendations for successful applications.

Pennsylvania News

Governor Wolf's $10M Tourism Budget Would be Good for PA
PA DCED | Jun. 14 | Economic Development

Pitt Eyes Venture Capital and State Investment for Life Sciences Industry
WESA | Jun. 7 | Access to Capital | Innovation Finance

PA HOME Program Supports Neighborhood Renewal
PA DCED | May. 19 | Community Development | State Finance Program

West Chester, PA BID Recognized with Great American Main Street Award
Daily Local News | May. 18 | Tax Increment Finance (TIF)


Sponsors

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
info@cdfa.net


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