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CDFA Kentucky Financing Roundtable Newsletter - September 2017
September 13, 2017
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CDFA Kentucky Financing Roundtable Newsletter

Feature

KY Infrastructure Coalition Formed for Long Term Investments
The Kentucky Infrastructure Coalition (KIC) includes more than 30 organizations that represent manufacturers, farmers, economic development leaders, engineers, local leaders and more than 40,000 transportation workers who understand that safe, reliable, efficient transportation is essential to Kentucky's economy.

Louisville Arena Authority to Make Higher Annual KFC Yum! Center Debt Payments
Even after refinancing a burdensome debt load, the Louisville Arena Authority would pay more per year to retire new bonds for the KFC Yum! Center than under its current plan, according to a WDRB News analysis of documents made public last week.

Buffalo Trace Wins $400K State Incentive for Expansion
Buffalo Trace Distillery is considering a $42.6 million expansion of its Frankfort facilities and upgrading its bottling operation. To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August approved the company for up to $400,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). 

15 States Trying to Lure Toyota-Mazda $1.6B Plant
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.

Ashland, KY to Issue $4.6M Bonds for Hotel Redevelopment
The Ashland commission has agreed in principle to let the city finance department issue bonds of about $4.6 million to help business developers turn the Ashland Plaza Hotel into a Marriott brand. The local governments established a Tax Increment Financing to secure financing for the bonds.

$700K KEDFA Incentives Support Denyo Manufacturing Expansion
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved state financial incentives in the amount of $700,000 for a portion of Denyo's expansion project. Denyo intends to also request local financial incentives to support its entire project.

Upcoming Events

CDFA National Development Finance Summit
November 15 - 17, 2017 - Atlanta, GA
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.

CDFA Kentucky Conference
November 1, 2017 - Lexington, KY
Join the CDFA Kentucky Financing Roundtable, in partnership with KLC, for a special one-day conference. 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 Kentucky economy going forward.

Kentucky News

$400K KEDFA Incentives Support Gryphon Environmental
The Lane Report | Sep. 5 | Incentives


Sponsors

State Partner

Kentucky League of Cities

For information about sponsoring the CDFA Kentucky 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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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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