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CDFA Illinois Financing Roundtable Newsletter - March 2017
March 8, 2017
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CDFA Illinois Financing Roundtable Newsletter

Feature

Welcome to the All New CDFA.net Featuring State Pages
CDFA is proud to announce the new CDFA.net 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 Illinois and all that we have to offer today.

Marengo, IL Officials Consider Using RLF Money for Infrastructure
Marengo's Revolving Loan Fund is an economic incentive tool that allows the city to offer low-interest loans to businesses that want to expand or relocate to Marengo, but the last time a business took advantage of the program was two decades ago. The account has $320,739 left in it.

Sales Tax Increase Pays Off Washington City Bond
The city issued a $5 million bond in 2006 to help pay the $20 million construction cost of Five Points Washington. Since then, revenue from a 0.25 percent increase in the city's sales tax that went into effect in 2006 has been used to pay off the bond.

Rantoul, IL Village Board Votes to Keep RLF
Elimination of the revolving loan fund would have meant the village would have been able to retain about $422,840, which the Village Administrator said could have been used for the more frequently used microloan program, which is free of federal restrictions.

Mixed-Use Development Could Come to Former Essex Site
Marino is asking the city to establish a Tax Increment Financing district that would reimburse him for some of his expenses as the former factory campus is redeveloped and property values increase. A TIF district feasibility study is being compiled as negotiations with Marino continue.

Two IL Lawmakers Propose Biotech Tax Credits
The legislation, introduced by Republican state Sen. Chapin Rose of Mahomet and Democratic state Sen. Andy Manar of Bunker Hill, would provide incentives to produce and sell new renewable products made from biomass and other renewable sources.

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.

CDFA Illinois Conference
May 2, 2017 - Chicago, IL
Join the CDFA Illinois Financing Roundtable for a special one-day conference hosted at the offices of Seyfarth Shaw LLP.. 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 Illinois economy going forward.

Illinois News

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

Partnership Creates RLF to Revitalize Downtown Aurora
The Chicago Tribune | Mar. 7 | Revolving Loan Funds (RLFs)

Peoria's Northwoods Mall Gets Redevelopment Incentive
Peoria Public Radio | Feb. 15 | Incentives | Redevelopment

Iroquois County, IL Moves to Restart RLF Program
Iroquois County's Times-Republic | Feb. 9 | Revolving Loan Funds (RLFs)

The Wise Ag Update
Murray Wise Associates LLC | Feb. 8 | Agriculture Finance


Sponsors

State Partner

Illinois Department of Commerce & Economic Opportunity Illinois Finance Authority

Venue Sponsor

Seyfarth Shaw LLP

Principal Sponsor

Ehlers Katten Muchin Rosenman LLP

Premium Sponsor

Baker Tilly Virchow Krause First American Bank Ice Miller LLP KeyBanc Capital Markets MB Financial Bank, NA Peckham Guyton Albers & Viets, Inc. S.B. Friedman & Company Taft, Stettinius & Hollister LLP

Supporting Sponsor

Illinois Tax Increment Association Jacob & Klein Ltd. Kane, McKenna & Associates, Inc

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

Job Postings

Senior Program Officer - Chicago Community Loan Fund

New Members

Chicago Community Loan Fund - Chicago, IL


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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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
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor