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CDFA Kentucky Financing Roundtable Newsletter - May 2017
May 10, 2017
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CDFA Kentucky Financing Roundtable Newsletter

Feature

CDFA National Summit Call for Submissions
CDFA is accepting session submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.

Senator McConnell Secures Resources to Benefit KY
The legislation includes language authored by Senator McConnell that permanently protects health care benefits for thousands of retired coal miners and their families, including 3,000 in Kentucky. The legislation also provides significant new resources to help communities across Kentucky and the nation that continue to suffer from the heroin and opioid epidemic.

Petroleum Cleanup Grants Available in KY
The Cleaner Commonwealth Fund is a grant-and-loan fund established with an $850,000 U.S. Environmental Protection Agency Brownfield Revolving Loan Fund Grant. The program is releasing $100,000 to provide money for up to two awards to do cleanup projects in Kentucky.

KY Economic Development Reforms Can Guide IL
Companies have announced billions in new business investment in Kentucky a few months after the state passed key economic reforms. Illinois lawmakers should take note. In April alone, Kentucky Gov. Matt Bevin has announced nearly $3 billion in new business investments into the state.

KY Hits Investment Trifecta
Only four months into 2017, Kentucky has already announced $5 billion in corporate investment, thanks to billion-dollar projects by Amazon, Toyota and Braidy Industries, in addition to more than 50 other business-expansion and new location projects. The achievement puts the state on the brink of its all-time, full-year record of $5.1 billion, set in 2015.

How Would Trump's Proposed Tax Plan Effect KY?
Trump's proposal would lower the corporate tax rate from 35 percent to 15 percent, reducing federal tax revenue by an estimated $2 trillion over 10 years. Supporters say the tax proposals would stimulate the economy, encouraging Americans to buy more goods and companies to hire more workers.

$1.3B Aluminum Mill Will Create 500 Jobs in Eastern KY
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA), in a special meeting, preliminarily approved the company for tax incentives up to $10 million through the Kentucky Business Investment program.

Upcoming Events

Intro Food Systems Finance WebCourse
June 7 - 8, 2017 - Daily: 12:00 - 5:00 PM Eastern
The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

Best of the Best Guidance on NMTC Applications
May 24, 2017 - 1:00 PM - 2:30 PM Eastern
This year's allocation of New Markets Tax Credits is now open for applications, and CDFA is here to help guide you through the process before the June 21st deadline. Tune into this webinar to hear a panel of expert speakers discuss the tips and tricks that they have learned through many years of working with this program. We'll review basic application instructions and consider elements of previously successful applications along with an interactive Q&A between the panel and participants. Don't miss this opportunity to hear the insiders' perspectives before you submit your application.

Kentucky News

$33M LINAK Expansion Will Create 413 Louisville Jobs
The Lane Report | May. 9 | Economic Development | Incentives

TIF District Reshaping Region in Bowling Green, KY
Bowling Green Daily News | Apr. 25 | Tax Increment Finance (TIF)


Sponsors

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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