CDFA Michigan Financing Roundtable Newsletter - March 2017


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CDFA Michigan Financing Roundtable Newsletter - March 2017
March 8, 2017
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CDFA Michigan 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 Michigan and all that we have to offer today.

Two East Lansing Brownfield Projects Proposed to be Financed With TIF
The newly-introduced $132 million Center City District project and the long-awaited Park District project, valued at $148 million in its last incarnation but recently scaled back significantly, will both be financed in part by tax increment financing, or TIF, plans. 

U of M and Michigan Tech Designated as Innovation Hubs
With the Michigan Strategic Fund (MSF) board's approval, the U-M advanced transportation Hub and Michigan Tech's advanced materials Hub will receive $1.7 million and $525,000 in funding, respectively, over a two-year period to support research projects across Michigan.

MI Strategic Fund Incentives Will Support New Jobs and Investment
Projects expected to generate nearly $187 million in total investment and create 1,445 jobs in Michigan gained approval from the Michigan Strategic Fund.

Legislation Aims to Help Cities Clean Up Brownfield Sites
The Michigan Senate is poised to pass legislation that would ease some of the financial burden of cleaning up brownfield sites for redevelopment. The legislation would let developers keep part of the taxes generated from businesses and residents moving in after large-scale projects are finished. 

Crowdfund Starts for Urban Farm Resource Center in Detroit
State economic development officials and a nonprofit urban farming group have launched a crowdfunded campaign to turn a vacant Detroit building into a community resource center. The 3,200-square-foot center north of downtown will offer educational programming and event and meeting space.

Grand Venture Launches in MI
A filing with the U.S. Securities and Exchange Commission will announce the formation of the state's newest venture capital fund, Grand Rapids-based Grand Ventures I LP, which is raising a maximum of $50 million to invest in very early-stage companies in Michigan and the Midwest.

States See Value in Backing 'Food Hubs' for Farmers, Consumers
The growth in locally sourced food, a market that totaled $12 billion in sales in 2014 and could reach $20 billion by 2019, coincides with rising consumer demand for healthier fresh food that is often grown organically and with environmentally friendly practices and food hubs are capitalizing on this market.

Upcoming Events

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.

2017 CDFA Michigan Financing Roundtable Webinar
March 23, 2017 - 10:00 AM - 12:00 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.

Michigan News

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

Brownfield Redevelopment Funding Approved for Ferndale Apartments
| Mar. 3 | Brownfield Financing

Dawn Theatre to Screen Classic Movies Following TIFA Financed Renovation
The Collegian | Feb. 23 | Tax Increment Finance (TIF)

Attracting Immigrants is Key to Detroit's Recovery
Detroit Free Press | Feb. 11 | Economic Development


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 or e-mail

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
  • 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
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