CDFA Kentucky Financing Roundtable Newsletter - March 2017

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

USDA Announces Funding to Improve Rural Electric Infrastructure
The Rural Development Deputy Under Secretary has announced that the USDA is making loans to electric cooperatives that will help continue to deliver safe, reliable and affordable electricity to rural residents, business and institutions in nine states.

KY Incentives Support $50M High-Tech Greenhouse
AppHarvest's 2 million square-foot greenhouse will rank among the world's largest. The company plans to grow fresh vegetables year round for consumption in the U.S. The Kentucky Economic Development Finance Authority has preliminarily approved the company for tax incentives up to $2.5 million.

$5.7M CDBG Funds Will Support 13 KY Projects
"We are excited to announce 13 new Community Development Block Grant projects. Each project is designed to aid critical infrastructure needs across the Commonwealth, such as water safety, public facilities and local health resources," said Governor Bevin.

KY Main Street Towns Contribute $110M to Economy
The Kentucky Main Street Program announced this week that 39 participating communities reported cumulative investment of $109,741,515 in their commercial downtown districts in 2016. This total was up significantly from the $76 million of cumulative investment reported by 44 communities in 2015.

Second Round of KY Bond Fund Now Open for Proposals
Governor Matt Bevin and Education and Workforce Development Secretary Hal Heiner announced the launch of the second round of funding for the Kentucky Work Ready Skills Initiative. The total for this round is $34 million.

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 // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
April 18, 2017 - 1:00 PM Eastern
After the latest round of allocations from the CDFI Fund, there are now more New Markets Tax Credits available than there are qualifying projects. This webcast will explain the double allocation of tax credits that occurred during the last round and explore how this is affecting the tax credit markets. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an inside look into how these tax credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.

Kentucky News

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

KY Bill Creates Mountain Recreation Authority
WKMS | Feb. 28 | Economic Development

Panel Approves New Deal for KFC Yum! Center
Courier-Journal | Feb. 21 | Tax Increment Finance (TIF)

$7.5M NSG Upgrade Will be Supported by KEDFA
glassBYTE's | Feb. 21 | Incentives


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
  • 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
Become a Sponsor