U.S. Department of Agriculture announced that the Department is increasing the maximum loan amount to $400,000 under the Intermediary Relending Program. This change is in accordance with provisions in the Agriculture Improvement Act of 2018 (2018...

The Coronavirus State and Local Fiscal Recovery Funds (SLFRF), a part of the American Rescue Plan, delivers $350 billion to state, local, and Tribal governments across the country to support their response to and recovery from the COVID-19 public...

The Secretary of the Treasury (Treasury) is adopting as final the interim final rule with amendments. This rule implements the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American...

The USDA Drought Tool Kit is specifically designed to assist officials and community leaders mitigate the impact of an ongoing drought. The Drought Tool Kit will help in accessing valuable resources to share with constituents in areas recovering...

This interactive app from the Urban Institute allows users to explore the latest employment data in all 50 states.

The Governor’s 2021‑22 May Revision budget proposes $36 million General Fund to pay the first, partial payment on the state’s outstanding federal Unemployment Insurance (UI) loan and proposes to direct $1.1 billion in federal American Rescue Plan...

The Biden-Harris Administration is proposing a bold investment in America's housing infrastructure to make housing more affordable for working and middle-class families. The American Jobs Plan pairs $213 billion in direct funding with more than $100...

Federal economic adjustment assistance (EAA) programs were established, in part, to help workers adjust to these economic disruptions. Experts in the GAO's roundtable identified a range of challenges to using EAA programs to effectively respond to...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we explored the landscape of the hospitality industry (large and small) and what is being done to ensure the industry may stay afloat.

County leaders have witnessed firsthand the impacts of the COVID-19 pandemic on their neighbors and constituents and are well-informed on needs arising in their local communities. While county governments are uniquely positioned to support recovery...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we looked at how bonds act as a resilient economic driver by financing the critical facilities and infrastructure that stabilize local economies during and after...

Every community in the US will be affected by COVID-19, but the impacts will not be the same in each. This index - developed by Surgo Foundation and featured as a CDC resource - identifies which communities may need the most support as coronavirus...

History informs us that some people, especially the wealthy, flee cities in response to pandemics and other major catastrophes. In past pandemics and crises, refugees have typically returned, remaining attracted to the social and cultural dynamism...

This Brookings Institute brief uses historical data and the earliest indicators from the COVID-19 downturn to make the case for a people-first approach to federal infrastructure stimulus. The total cost of these programs would range from $167...

In a post-COVID world, it will be imperative to invest in our underserved communities’ capacity to serve themselves, and in their resilience. Opportunity Zones are one tool to drive this effort. The Milken Institute has developed this state and...

During the May 8, 2020 Weekly COVID-19 Development Finance Briefing, panelists discussed realigning assets to address the COVID-19 crisis, evaluating the risk of not doing anything versus the risk of losing capital, capital solutions that are...

The second webinar in our disrupted economic development series features Baker Tilly’s municipal advisors in a conversation about how COVID-19 is impacting municipal finance and economic development in the public sector, specifically what...

During the April 24, 2020 Weekly COVID-19 Development Finance Briefing, listeners were given updates from SBA and HUD on early statistics for the PPP and EIDL programs, as well as additional actions taken by both agencies such as payment forgiveness...

The Quick Guide to CDBG Eligible Activities to Support Infectious Disease Response provides grantees with information on implementing CDBG funds in a coordinated effort with local health authorities before undertaking any activity to support state...

This white paper looks at how 5 successful programs can be used to finance the recovery from COVID-19. The 5 programs are C-PACE and R-PACE, State Historic Tax Credits, State Opportunity Zones Programs, State New Markets Tax Credits, and Solar and...

During the April 3, 2020 Weekly COVID-19 Development Finance Briefing, experts from the North Carolina Rural Center, the Local Initiatives Support Corporation, and the New Orleans Business Alliance discussed their respective approaches to local...

In Baker Tilly's Disrupted economic development webinar, Baker Tilly’s small business managing partner and others discussed the economic development impacts public sector and private sector organizations are experiencing and expecting in the wake of...

On the March 27, 2020 Weekly COVID-19 Development Finance Briefing, we discussed how Development Finance Agencies have initially responded to COVID-19, examined Congressional legislation, analyzed how federal agencies are reacting, and looked at a...

Volatility has risen significantly in financial markets, driven by COVID-19. How might this affect US multifamily and commercial real estate (CRE) transaction markets? In this paper, Moody's explores these issues, fully acknowledging that learning...

It is now clear that the coronavirus pandemic will exact a staggering toll on the American economy. By any measure, an economy that not long ago had driven Americans' confidence in the labor market and optimism about their financial security to...

CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help...

GAO was asked to review issues related to the impact of climate change on nonfederal NPL sites. GAO analyzed available federal data; reviewed laws, regulations, and documents; interviewed federal officials and stakeholders; visited three nonfederal...

This webinar, hosted by the EDA, provided info about the content of the 2019 Disaster Supplemental Notice of Funding Opportunity (NOFO). It helped attendees increase understanding of eligibility and EDA’s application submission and review process,...

Cities, regions, and states across the country are facing natural disasters that can have devastating effects on life, property, the economy, and ecosystems. Climate change is already having observable effects on the environment, and past conditions...

Memorandum of Understanding between the United States Environmental Protection Agency and the Department of Homeland Security Federal Emergency Management Agency Regarding Coordination between EPA and FEMA Pertaining to State Revolving Fund...

The Natural Hazard Mitigation Saves: 2017 Interim Report by the National Institute of Building Sciences shares the results from the first of a multi-year project. The purpose of this new study is to help decision makers to build a mitigation...

This paper explores financial tools for investing in natural infrastructure to reduce current and future risks from flooding. The principal author of this report is Dr. Charles S. Colgan, Director of Research at the Center for the Blue Economy at...

Merit Development, of Fairmont, WV, is redeveloping the former Owens-Illinois Glass Factory into a business park. With cleanup complete, Merit is ready to undertake several other development challenges on the site including FEMA floodplain...

Keren Bolter discusses the science behind some of the natural disasters in Florida, then she explores the financing programs and structures for disaster resiliency, partnerships and collaborative efforts to identify financing solutions, and lessons...

This report summarizes the outcomes of RE.invest, an 18-month predevelopment process with eight US cities and teams of leading private sector design, engineering, law, and finance experts. The results are examples of the types of projects made...

In this paper by the Clean Energy Group, program and policy information, finance tools, and best practices are explored concerning resilient power and disaster planning.

This paper from Clean Energy Group outlines the dangers that power outages can pose to our most vulnerable populations, the failures of traditional backup power sources, and the opportunities to develop distributed energy systems with clean and...

Lauren Tichenor of the New York State Governor's Office of Storm Recovery discusses the process and challenges behind several federal funding programs in times of disaster recovery.

This document from the Congressional Research Service provides an overview of FEMA's Pre-Disaster Mitigation Program.

The Hurricane Sandy Rebuilding Task Force's rebuilding strategy identifies key obstacles to resilient rebuilding and outlines a long-term redevelopment strategy that promotes the sustainability of communities and ecosystems in the Sandy-affected...

This guidebook was developed for Galveston Economic Development Partnership (GEDP) members and the Galveston business community. Becoming familiar with the content and completing the forms included herein will help business owners increase the odds...

Special CDBG funds were allocated to NJ for the Superstorm Sandy recovery effort. This guide is available to assist applicants in understanding the program and its intended use.

This paper explores the resilience of communities on the Mississippi Gulf Coast after Hurricane Katrina. Communities with high and low levels of resilience were selected for analysis. Chosen communities have relatively similar walkable, mixed-use,...

Sajan Philip with the Low Income Investment Fund (LIIF) discusses New York's healthy food and healthy communities fund, timeline of policy and programs implemented, fund objectives, project examples, and leveraging other sources.

The State of California Business Investment Guide serves as a reference document to highlight strategic business advantages, new state-sponsored initiatives, incentives, as well as existing technical and financial assistance programs which are...

The May 2013 Revision maintains the fundamentals of the Governor's Budget. It reflects that the state's economic and budget recovery is continuing. However, the national economic outlook has dimmed since the Governor's Budget and recent federal...

To address the extensive devastation caused by the storm in these various sectors, the State proposes in this Action Plan a range of programs to provide relief. This Action Plan is the initial step towards addressing New Jersey’s substantial unmet...

MDARD and MEDC partnered to offer multiple programs in order to support financing of agricultural businesses in Michigan. Programs and overviews are briefly discussed in the fact sheet.

Toby Rittner at CDFA shares an exciting trend known as reshored manufacturing and explains the tremendous potential to bring companies back to the United States. Furthermore, Rittner presents a case for tax-exempt bonds to finance the restoration of...