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CDFA California Financing Roundtable Newsletter - June 2017
June 21, 2017
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CDFA California Financing Roundtable Newsletter


$62M in CA Competes Tax Credits Announced
More than $62 million in tax credits for 87 companies expanding and creating jobs in California were recently approved by the California Competes Tax Credit (CCTC) committee. The awards will help the companies create a projected 6,400 jobs and generate over $892 million in total investment across the state.

USDA Loans Expand Rural Broadband Infrastructure in CA, IL, IA, and TX
Agriculture Secretary Sonny Perdue has announced that USDA is awarding four loans to help provide broadband service in rural portions of California, Illinois, Iowa and Texas.

Primer on California's New Tax Increment Financing Tools
New forms of tax increment financing have emerged to give local jurisdictions options to finance infrastructure and economic development projects. This primer was authored to give local governments and economic development organizations a practical guide to EIFDs and CRIAs.

$5M CEC Grant Will Support New Los Angeles Incubator
The Los Angeles Cleantech Incubator (LACI) has announced the launch of Energize California, a new initiative to strengthen the region's clean energy economy by supporting the industry ecosystem and helping entrepreneurs access the business and technical services necessary to successfully bring new technologies to market.

CA Approved $600M in Bonds for Caltrain Electrification
The California Department of Finance has approved a $600 million contribution from the California High Speed Rail Authority (CHSRA)'s bond sale toward the $1.98 billion electrification of rail lines between San Francisco and San Jose, CA, according to NBC Bay Area.

IBank Considers $4M State Revolving Fund Finance for Ukiah Roads
Ukiah will use the funds to make traffic and pedestrian improvements in the City's Redwood Business Park to reduce traffic and accidents at the historically troubled South State Street/Talmage Road intersection.

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 - 1:00 PM 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.

California News

Environmental Issues Surround $1B Watts Redevelopment Project in Los Angeles, CA
CBS Los Angeles | Jun. 6 | Brownfield Financing

Lease Revenue Bonds for New Contra Costa County Buildings Close
The Bond Buyer | Jun. 1 | Bond Finance

San Diego City Attorney Raises Doubts about Soccer Stadium Plan
The Bond Buyer | May. 25 | Bond Finance


State Partner

California Association for Local Economic Development

For information about sponsoring the CDFA California 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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