CDFA Michigan Financing Roundtable Newsletter - February 2017
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CDFA Michigan Financing Roundtable Newsletter - February 2017
February 8, 2017
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CDFA Michigan Financing Roundtable Newsletter

Feature

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.

Solar Leases Could Conflict With Key Tax Break for Some MI Farmers
As interest grows in developing Michigan agricultural land for solar energy, some farmers may have to choose between keeping tax incentives for preserving farmland or leasing their property to solar developers.

Over $2M Announced for MI Biomedical Innovations
From an innovative coating for joint replacements, to a promising drug for the painful inflammatory disease scleroderma, 11 new biomedical ideas that emerged from research across Michigan have just gotten funding that could help them make the leap from lab to patient care.

ABM and Heller Machine Tools Secure Largest PACE Investment in MI
ABM announced an agreement to implement the largest PACE-financed project in Michigan for Heller Machine Tools. Financing will provide energy efficiency upgrades to the company's U.S. headquarters in Troy, Michigan and is guaranteed to save more than $1.6 million in energy and operating costs.

$11M Brownfield Financing Supports Stryker Expansion
Stryker Corp. plans to build a $130 million corporate campus on nearly 300 acres in Portage, creating an estimated 105 new jobs over three years. The $11M will be provided to clean a portion of the land which contains contaminated soil and water.

P3 Will Support Conversion of GM Foundry to Park
Land along the Saginaw River that once housed a General Motors Corp. foundry and landfill soon will find new uses that could include fishing, hiking and biking. Michigan's Department of Natural Resources plans to buy 334 acres of former GM property from RACER Trust for $10 to turn it into an urban park.

$570K City Loan Supports Heritage Tower Cleanup
Battle Creek city commissioners have approved a $570,000 loan to assist with cleaning up hazardous materials at Heritage Tower. It is being paid out of a revolving loan fund to the city by the U.S. EPA and being provided through the Battle Creek Brownfield Redevelopment Authority.

NMTC Coalition Urges Supporters to Sign Letter
The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool.

Upcoming Events

2017 CDFA Michigan Financing Roundtable Webinar
March 23, 2017 - 1:00 - 3:00 PM Eastern
Join the CDFA Michigan Financing Roundtable for a special one-day Webinar. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Michigan economy going forward.

Register today to reserve your spot at the 2017 CDFA Michigan Financing Roundtable Webinar.

Intro Tax Credit Finance WebCourse
February 15 - 16, 2017 - 12:00 - 5:00 PM Eastern
The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs.

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.

Michigan News

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

$2M MSF Grant Will Support 362 New Jobs in Detroit
Automotive News | Jan. 31 | Incentives

Start Garden Ecosystem Rolls Out Plan for Minority Entrepreneurship
MLive | Jan. 30 | Access to Capital | Innovation Finance

$2M Grant Supports Automotive Fuel Production
MLive | Jan. 30 | Incentives | Innovation Finance

Traverse City TIF Districts Will Support Bridge Repairs
Traverse City Record Eagle | Jan. 29 | Infrastructure Finance | Tax Increment Finance (TIF)

New $7.5M Redevelopment Kicks Off in Detroit
Michigan Chronicle | Jan. 27 | Incentives | Redevelopment | Urban Development

$215K CDBG Funds Support Gaylord Facade Improvements
Petoskey News | Jan. 27 | Local Finance Program

MI Business Development Grants Support Three Businesses
The Peninsula | Jan. 23 | Access to Capital


Sponsors

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
info@cdfa.net


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