CDFA Virginia Financing Roundtable Newsletter - March 2017


Advisory Services








CDFA Virginia Financing Roundtable Newsletter - March 2017
March 1, 2017
View Archives
CDFA Virginia Financing Roundtable Newsletter


Welcome to the All New Featuring State Pages
CDFA is proud to announce the new 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 Virginia and all that we have to offer today.

TemperPack to Expand Headquarters, Manufacturing Operations in Richmond
Governor Terry McAuliffe today announced that TemperPack, a manufacturer of sustainable packaging technology for perishable goods, will invest $2 million to expand its headquarters and manufacturing operation in the City of Richmond, creating 23 new jobs. 

Bills to Create $5M Historic Tax Credit Cap
Virginia state lawmakers want to impose a $5 million cap on the amount of credits any taxpayer can claim to reduce their state income tax liabilities in a given year.

Gov. McAuliffe Veto's Coal Tax Credit
Citing the "ineffectiveness" of the credit offered to coal mine owners and coal-buying power companies, McAuliffe vetoed the bill by Del. Terry Kilgore, R-Scott, that would have reinstated up to $7.3 million in tax credits.

VA Receives $500K for C-PACE Programs
The U.S. Department of Energy selected Virginia as the recipient of a $500,000 grant to support commercial Property Assessed Clean Energy (PACE) programs in communities across the state.

VA Extends Motion Picture Production Tax Credit
The General Assembly of Virginia has enacted the motion picture production tax credit bill (HB1665), extending the sunset date to Jan. 1, 2022. The tax credit had been set to expire in 22 months.

Gov. McAuliffe Announces $700K in Remediation Grants for Brownfield Restoration
Governor Terry McAuliffe today announced approximately $700,000 in Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund (VBAF) Site Remediation Grants for three localities in the Commonwealth.

CDFA Releases 2017 Policy Agenda
CDFA is proud to release its 2017 Policy Agenda. Our agenda outlines numerous recommendations to some of the nation's most difficult development finance issues, and we hope that Congress and the Administration will use our recommendations as a roadmap to improvements in these areas. To read The Bond Buyer's overview, click here.

Rappaport's Skyland Town Center Signs a Tenant and Uses an $18.75M TIF District to Get Project Back on Track
Rappaport Cos, co-developer of the troubled Ward 7 project, said Tuesday that CVS has signed a lease for 10,000 square feet in the18-acre town center. Rappaport also said it has closed on $58.5 million in EB-5 foreign investment.

Upcoming Events

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
March 9, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss Private Activity Bonds and how they can be used to compliment the redevelopment and cleanup of your brownfield project.

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 Spotlight

CDFA Online Brownfields Project Marketplace
February 23, 2017 - 12:00 - 5:00 PM Eastern CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on February 23, to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

Virginia News

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

CDFA Agenda Includes Pushing for Bond Bills, Supporting Tax Exemption
The Bond Buyer | Feb. 2 | Bond Finance | Energy Finance | Federal | Legislative | Member News

Commonwealth Opportunity Fund to Assist in Owens & Minor Expansion
Virginia Economic Development Partnership | Feb. 27 | Economic Development | State Finance Program


State Partner

Virginia Economic Developers Association

For information about sponsoring the CDFA Virginia Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

Job Postings

Hiring: Program Manager - Fairfax County Dept. of Housing and Community Development

New Members

City of Alexandria, VA - Alexandria, VA

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 or e-mail

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

Install CDFA's iOS appInstall CDFA's Android app


Displaying 1 - 6 of 6

March 1, 2017
February 1, 2017
January 4, 2017
December 7, 2016
October 5, 2016
August 3, 2016

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
  • S.B. Friedman & Company
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor