The $119.6 million offering includes a tax-exempt series worth $79 million, and a federally taxable series worth $40.6 million. They will be used to pay for programs related to the environment, natural resources and water quality that are managed by the Michigan Department of Environmental Quality.

The economic impact, if successful, is considerable: 1,800 jobs within the first five years of operation, more than 200 construction jobs and in a period from 2017-24 an estimated $400 million in added value and $60 million in local and state taxes.

The Michigan Dept. of Agriculture and Rural Development will begin to deploy $4.7 million for its Food and Agriculture Investment Program, which it operated as a pilot project in the current fiscal year. The program marks the first time the state has offered an incentive targeted specifically at agribusinesses.

For the last 16 months, the nonprofit Start Garden has administered the Grand Rapids SmartZone tax increment financing (TIF) mechanism, a significant shift from its genesis as a pre-seed venture capital fund.

One of the biggest potential job-creating bonanzas in the country, a giant new auto plant proposed by Toyota and Mazda, began in secret with a mysterious code name. Now it has become a full-blown race among states to try to reel in the $1.6-billion project that will create 4,000 good-paying direct jobs and thousands of other indirect jobs.

Nineteen cities across Michigan will receive funding for residential and commercial blight elimination projects using more than $3.6 million in grants from the Michigan State Housing Development Authority, Executive Director Earl Poleski.

The $1.3 million redevelopment plan, which is contingent upon city approval of brownfield redevelopment incentives, would bring 25 new full-time jobs and $414,273 in new taxes to Lansing. City officials hope that redeveloping the blighted property at 1000 South Hosmer Street could also be a catalyst for future redevelopment.

The CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. The CDFA National Summit is designed for both public and private sector participants from all areas of the country. Attendees represent a diverse cross section of the development finance industry and bring unique perspectives, creative financing approaches, and interesting conversation to the event.

The CDFA – Frost Brown Todd Infrastructure Finance Webcast Series will address current trends in financing the nation's most pressing infrastructure needs along with strategies for assembling capital, structuring the deal, and addressing critical financing gaps.

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