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CDFA Oregon Financing Roundtable Newsletter - March 2017
March 15, 2017
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CDFA Oregon Financing Roundtable Newsletter

Feature

OR Technology Business Center Receives Grant to Expand
Oregon Technology Business Center, supported by the city of Beaverton, received a $60,000 grant from the Oregon Community Foundation Fund to expand its Virtual Incubation Program to entrepreneurs in rural Oregon over the next three years.

OR May Remove Fiber Tax Break
Oregon lawmakers may kill a tax break just two years after they voted unanimously to create it. That's because the intended beneficiary, Google Fiber, has backed out of plans to serve the Portland area.

OR Bill May Provide Financing for Rural Broadband
A bill before the Oregon Legislature would allow a fund currently dedicated to ensuring access to landline phone service in underserved areas to be used to provide access to high-speed internet.

Economic Development Board May Assist Southeastern OR
This board would work to find ways to promote workforce and economic growth in the area and would have the ability to award economy-boosting grants and loans. The current bill requests $10 million for the program.

Senator Wyden Pursues Permanent OR Rail Credit
The short line railroad track maintenance credit provides short line and regional railroads a 50 percent tax credit for railroad track maintenance expenses up to $3,500 per mile of track owned or leased.

Portland Startup Opal Raises $15.5M, Plans to Double Workforce
Opal has now raised more than $25 million altogether, including an $8 million round in 2014. Chief executive Steve Giannini said this investment will fund a rapid expansion - with the company's workforce doubling this year to about 130.

OR Community Foundation Re-Ups Entrepreneurial Investment
The Oregon Community Foundation Board of Directors approved two grants and two investments aimed at bolstering resources for the state's entrepreneurs. Mainly known for philanthropy, the group has also embraced "mission related investments" that put capital into economic development programs.

New Look, Same Location: CDFA's Website Update
CDFA is excited to show off a new and improved website layout!

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.

CDFA // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
April 18, 2017 - 1:00 PM Eastern
After the latest round of allocations from the CDFI Fund, there are now more New Markets Tax Credits available than there are qualifying projects. This webcast will explain the double allocation of tax credits that occurred during the last round and explore how this is affecting the tax credit markets. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an inside look into how these tax credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.

Sponsors

State Partner

Business Oregon Oregon Economic Development Association

For information about sponsoring the CDFA Oregon 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
  • 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