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CDFA Pennsylvania Financing Roundtable Newsletter - August 2017
August 9, 2017
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

Seven PA Small Business Projects Supported With Low Interest Loans
Over the past month, PIDA approved a total of more than $2 million in fixed, low-interest loans to seven projects in Bucks, Cumberland, Franklin, Lancaster, and Perry counties that will generate more than $5.5 million in matching capital investment.

Grant Supports SW PA Food Hub
The Fayette County Community Action Agency and Republic Food Enterprise Center have been approved for a $1.75 million grant through the Appalachian Regional Commission's Partnerships for Opportunity and Workforce and Economic Revitalization initiative to develop a local food shed in southwestern Pennsylvania.

$75M Investment Announced for PA Water Infrastructure
The funding comes from a combination of state funds approved by voters, federal grants to PENNVEST from the Environmental Protection Agency and recycled loan repayments from previous PENNVEST funding awards. Funds for the projects are disbursed after bills for work are paid and receipts are submitted to PENNVEST.

TIF Could Support Town Square in Downtown Hershey, PA
The developers put forward a plan earlier this year calling for a mixed-use development, with residential and retail units in the same complex. The plan also included a three-story parking garage which the developers proposed to create a tax-increment finance district to help fund.

Ben Franklin to Invest Nearly $400K in PA Companies
The Ben Franklin Technology Partners of Northeastern Pennsylvania's (BFTP/NEP) Board of Directors has approved the investment of $397,543 in support of regional economic development. BFTP/NEP's goal is to help lead northeastern Pennsylvania to a better economic future.

City Center Could Tap $1B in Tax Subsidies
City Center Investment Corp., Allentown's largest developer, projects it will have access to up to $1.3 billion in tax subsidies over the next 25 years, making it among the biggest beneficiaries of taxpayer subsidies in Pennsylvania history.

Upcoming Events

CDFA Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.

Pennsylvania News

$278K Financing Package Supports Socafe's Relocation to PA
PA DCED | Aug. 3 | Incentives | Tax Credits


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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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