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CDFA Kentucky Financing Roundtable Newsletter - April 2017
April 12, 2017
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CDFA Kentucky Financing Roundtable Newsletter


$190M Package Supports $1.33B Toyota Investment in KY
To encourage Toyota's investment, the Kentucky Economic Development Finance Authority amended the company's existing incentive agreement. The amendment added tax incentives of up to $43.5 million in for the Reborn project, creating a total cumulative incentive of up to $190 million.

Mystery KY Economic Development Project Receives $15M
Hours before adjourning for the year, the Senate and House obligingly approved an amended version of House Bill 482 containing approval for the $15 million bond. Secretary Terry Gill said the funding is needed as "an option for us to respond to a competitive situation that we've been pursuing for several months."

Work Ready Skills Initiative Receives 41 Applications
The Kentucky Education and Workforce Development Cabinet received 41 project applications — totaling more than $165 million in requests — for second-round funding consideration through the Commonwealth's new $100 million statewide workforce development bond fund, the Work Ready Skills Initiative.

KY Places Second in National Rankings for 2016 Economic Development
The rankings – part of Site Selection's annual Governor's Cup awards – make 2016 the third consecutive year Kentucky has placed first or second in the per-capita competition. Numerous Kentucky metropolitan and micropolitan regions also placed on top-10 lists for their economic development achievements.

Two KY Economic Development Bills Have Been Combined
The Senate approved and combined House Bill 156, which sets up a Kentucky Mountain Regional Recreation Authority to promote outdoor activities with money from the state's abandoned mine lands fund, and Senate Bill 215, which uses coal severance money to create a Kentucky Coal Fields Endowment Authority.

Is KY Becoming a Start-Up Destination?
The best answer is, "We are trying very hard," according to private investors and government officials. Kentucky is not going to be Silicon Valley said Warren Nash, executive director of the Von Allmen Center for Entrepreneurship at the University of Kentucky. However, a value proposition is emerging.

Examining the State of Agribusiness in KY
Ryan Quarles from the Department of Agriculture sat down with The Lane Report to discuss the current state of agribusiness in Kentucky. Ultimately he determined that an increased focus on processing will add jobs, and grow the value of agribusiness in the state.

Upcoming Events

Intro Tax Increment Finance WebCourse
May 10 - 11, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders. 

CDFA & OSU Webcast: Using the Successes of Energy Finance to Guide Progress in Food Systems Finance
April 24, 2017 - 9:30 AM Eastern
The CDFA & OSU Webcast is a special one time offering. This webcast will cover the Energy Finance Landscape and explore how its successes may be applied to the Food Systems Landscape. This webcast will be run by students taking the graduate level Sustainable Financing class in the Department of City and Regional Planning at The Ohio State University.

Kentucky News

State Incentives Attract Aluminum Extruder to Western KY
Business Facilities | Apr. 10 | Incentives

Incentives Support $50M Auto Supplier Expansion in KY
Louisville Business First | Apr. 4 | Incentives

Amazon and DHL Will Begin New Partnership at CVG
The Lane Report | Mar. 20 | Economic Development

Tax Incentives Support KY Distillery Expansion
The Lane Report | Mar. 14 | Incentives


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

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