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CDFA Missouri Financing Roundtable Newsletter - May 2017
May 17, 2017
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CDFA Missouri Financing Roundtable Newsletter


Joplin Recovery TIF Could Be Paid off Early
The Joplin, Mo., Recovery Tax Increment Financing District that covers the disaster zone and downtown could be paid off in four to five years, as much as 13 years early at its current rate of growth, the Joplin City Council was told Monday night.

State Budget Does Not Include Funding for MO Partnership
The partnership was expected to get $2.25 million in state funding for Fiscal Year 2018. Instead, the money for the Missouri Partnership vanished. While $2.25 million was in the budget bill passed by the state House, the line item for "business recruitment and marketing" disappeared before reaching the Senate.

Port Authority Bill Heads to MO Conference
Several bills have been lined up, waiting for conference committees to work out the differences between the Missouri House and Senate. A few of these bills currently on that list arrived there after the House took pleasure in attaching amendment after amendment to the legislation, a message to the Senate.

Tax Increment Financing in Missouri:: Financial Report
This report covers 474 TIF projects across 114 Missouri municipalities. It includes data on new jobs, retained jobs, tax dollars captured, anticipated project costs, and total TIF-reimbursable costs. This report will help to analyze the effectiveness of TIF in the state.

St. Louis County Launches Flood Relief Fund
The St. Louis County Port Authority has set up a $500,000 loan fund to assist businesses affected by the ongoing flooding. The fund will make interest-free loans of up to $25,000 available to help businesses in St. Louis County cover the costs of flood damage repair.

Warrensburg, MO Council OKs $100M Financing Plan for Dollar Tree
The Dollar Tree now has the means to pay for its new distribution center north of town in the form of some $110 million in bond financing from the city complemented by sales tax exemptions and property tax abatements.

Upcoming Events

Best of the Best Guidance on NMTC Applications
May 24, 2017 - 1:00 PM - 2:30 PM Eastern
This year's allocation of New Markets Tax Credits is now open for applications, and CDFA is here to help guide you through the process before the June 21st deadline. Tune into this webinar to hear a panel of expert speakers discuss the tips and tricks that they have learned through many years of working with this program.

Intro Food Systems Finance WebCourse
June 7 - 8, 2017 - Daily: 12:00 - 5:00 PM Eastern
The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

Missouri News

USDA Grants Support Rural Development
Missouri Farmer Today | Apr. 28 | Rural Development | U.S. Dept. of Agriculture (USDA)

In KC, Brookridge Redevelopment to Utilize TIF and Bonds
Kansas City Business Journal | Apr. 26 | Bond Finance | Tax Increment Finance (TIF) | Redevelopment | Incentives

Joplin's Post-Tornado TIF Faces Whirlwind of Criticism
St. Louis Post-Dispatch | Apr. 25 | Tax Increment Finance (TIF)

MO Tax Credit Expanded to Include Donations to Food Pantries
Ozarks First | Apr. 19 | Community Development | Tax Credits


State Partner

Missouri Economic Development Financing Association

Venue Sponsor

St. Louis Economic Development Partnership

Premium Sponsor

Kutak Rock LLP Peckham Guyton Albers & Viets, Inc.

Supporting Sponsor

Lewis Rice PACE Sage Capital St. Louis Development Corporation UMB Bank White Goss

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

New Members

Kingsway Development LLC - St. Louis, MO

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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CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
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  • Bryan Cave LLP
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  • KeyBanc Capital Markets
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  • Stifel Nicolaus
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  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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