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CDFA Michigan Financing Roundtable Newsletter - July 2017
July 12, 2017
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CDFA Michigan Financing Roundtable Newsletter


Early Bird Rates End This Friday for 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 Development Finance Certified Professional (DFCP) Program. Join us in Minneapolis, and start down the road to personal and professional advancement. Courses include: Fundamentals of Economic Development Finance, Intro Bond Finance, Intro Brownfields Finance, Intro Energy and Water Finance, and Intro Revolving Loan Fund.

One Key Piece of the Detroit Turnaround? Philanthropy
Capital Impact Partners, a community development financial institution (CDFI) and a major lender in Detroit, has taken investments from government, banks and foundations and turned them into projects that drive economic activity and improve lives.

Exploring Energy Finance for MI Businesses
There are a number of energy-associated tax credits and incentives that are making it easier for Michigan businesses to invest in energy efficient improvements.

Trenton Receives $3.2M State Loan to Buy Contaminated Steel Site
The City of Trenton has been approved for a $3.2 million loan from the Michigan Strategic Fund to purchase the former McLouth Steel site. $2.5 million will be used to purchase the property, $700,000 will be reserved for environmental investigations.

Tecumseh, MI Receives $2M from the State to Cleanup Site
The city will receive $2 million — $1 million in a grant and $1 million in a loan — to help the developer of Revival Commons cleanup the ground under the former Tecumseh Products factory.

MI House Adjourns Without Approving Job Incentives
The bills would authorize Michigan to let qualified companies adding jobs keep half or all of the income tax withholdings of the new employees for up to five or 10 years. The businesses would have to create at least 500 jobs that pay the regional average wage or, if they pay at least a quarter more than the regional average, at least 250 jobs.

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.

CDFA // BNY Mellon Webcast Series: 2016 Volume Cap Report and Mid-Year Capital Markets Review
August 22, 2017 - 1:00 PM Eastern
During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, we'll take a mid-year look at the capital markets, consider the financing trends that volume cap data is showing us, and discuss what you can expect during the last months of 2017.

Michigan News

$50M Project Unveiled for Old Paper Mill in Vicksburg MI
MLive | Jul. 11 | Brownfield Financing

Developer Seeks Tax Incentives for $146M Project Near Hospital in Ann Arbor, MI
MLive | Jun. 26 | Brownfield Financing | Tax Increment Finance (TIF)


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For information about sponsoring the CDFA Michigan 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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CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
  • 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
  • Miles & Stockbridge P.C.
  • 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
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