The Council of Development Finance Agencies (CDFA) is pleased to announce that Senators Brown (D-OH) and Ernst (R-IA) have introduced the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) in the U.S. Senate as S. 2723. MAMBA would...

CDFA's Modernizing Agricultural and Manufacturing Bonds Act was introduced as H.R. 3787 in the U.S. House of Representatives with bipartisan support by Rep. LaHood (R-IL), Kildee (D-MI), Feenstra (R-IA), and Evans (D-PA).

Linking development finance and food systems can be a daunting undertaking for any community. Research on the current ecosystem of food systems finance has positioned CDFA to identify key strategies for the path ahead in this work. The Food Systems...

The CDFA Annual Volume Cap Report provides an overview of volume cap trends and how private activity bonds (PABs) were used from state to state. The 2019-2020 Annual Volume Cap Report is the most comprehensive analysis of PAB volume cap trends and...

In 2011, Governor Cuomo created ten Regional Economic Development Councils (REDC) and the Consolidated Funding Application (CFA) to advance the administration’s efforts to improve New York’s business climate and expand economic growth. This 2019...

In 2018, the 50 states and the District of Columbia received $37.1 billion in new volume cap allocation, an increase of nearly $1.8 billion from 2017. Total private activity bond issuance slightly decreased from $24.86 billion in 2017 to $24.14...

Researched and written by CDFA, this is the third white paper in a series examining the potential creation of a food systems asset class that supports the market growth of local and regional food systems. This paper focuses specifically on bond...

In 2017, the 50 states and the District of Columbia received $35.3 billion in new volume cap allocation, an increase of $205.3 million from 2016. Even though total volume cap capacity was lower in 2017, total private activity bond issuance increased...

Industrial development bonds (IDBs) are a relatively unpublicized and often misunderstood source of tax-advantaged financing for business that declined in usage during the recession. Now, however, as the economy strengthens and companies begin to...

This resource deals with tax-exempt bond financing. This is a special form of financing available for construction of new manufacturing facilities, for an expansion of existing manufacturing facilities and for rehabilitation of existing...

South Carolina Jobs-Economic Development Authority Brochure on Industrial Development Bond Financing Program.

Urban communities like Milwaukee and Madison are not the only places looking for help to fund economic development. Wisconsin is filled with rural communities and small towns who are also in need of financing strategies. These areas face unique...

Geoff Urbina and Cynthia Weed discuss how bonds can be used today to provide a significant portion of a project's capital stack with a special focus on bond financing programs in Washington.

In 2016, the 50 states and the District of Columbia received $35.14 billion in new volume cap allocation, an increase of $263 million from 2015. Total private activity bond issuance in 2016 increased from 2015, climbing from $12.98 billion to $20.38...

Bond financing remains the bedrock development finance tool for economic development. Seth Crone with The Bank of New York Mellon and Lee McCormick with Community Development Associates discuss how this long-standing tool can be used today to...

Harvey Rogers described the current bond market in Oregon and explored bond financing case examples which prove their effectiveness in addressing critical infrastructure needs.

New York City Independent Budget Office has examined the evolution of the roles of Build and the Industrial Development Agency in financing economic development deals for the city and the uses of the revenues the two entities generate.

New volume cap allocation in 2015 totaled nearly $34.88 billion for the 50 states and District of Columbia, an increase of one percent over the previous year. Combined with more than $58.48 in existing carryforward allocation, the total accessible...

Representatives from the California Association of Micro Enterprise Opportunity and California Pollution Control Financing Authority look at how California creates access to capital for micro businesses and enterprises.

Larry Kosmont of Kosmont Companies introduces Economic Development 2.0, a new way of understanding and implementing economic development to effectively combat sustainability and resource challenges.

Teveia Barnes from IBank gives a brief overview of IBank's various financial programs.

Rodney Wendt, Executive Director of WEDFA, provides an overview of bond programs offered in the state of Washington.

In 2014, the 50 states and the District of Columbia received more than $34.5 billion in new volume cap allocation, an increase of 5.5 percent from 2013. This was in addition to more than $59.1 billion in existing carryforward allocation, making the...

Lee McCormick of Community Development Associates (CDA) explains CDA's involvement in financing projects through tax-exempt financing and New Markets Tax Credits.

MB Financial published this article explaining how Industrial Revenue Bonds (IRBs), also known as Industrial Development Bonds, can be an effective economic development tool.

Wisconsin Health & Educational Facilities Authority (WHEFA) highlights their 35th year, serving as conduit issuer in 24 financings totaling more than $794.6M. Bond financing benefitted 22 different borrowers in 17 counties, comprised of multi-site...

This report, produced by CDFA for the World Bank, is intended to provide information to communities and countries interested in identifying potential financing tools for the remediation and redevelopment of contaminated industrial sites. Specific...

Lee McCormick, President of the Community Development Associates presented that CDA specializes in tax-exempt financing and New Markets Tax Credits using various samples and action items.

Mr. Russell Goings, III Senior Vice President of Hutchinson, Shockey, Erley & Co. presented the Power of Private Activity Bonds and four industrial development bonds case studies.

John Wooten of Wells Fargo Bank explains the power of tax-exempt private activity bonds.

Jason Bristol from TD Bank discusses the conditions of the Industrial Revenue Bond market and the resulting effects, in addition to discussing the future for IRB's in the state.

Sam Balisy with Kutak Rock LLP gives a brief overview of bonds. More specifically, topics include market activity, case studies, and general requirements for tax-exempt bonds.

In 2014, the IRS released this report on information for tax-exempt and direct payment bonds issued in 2011. The first section provides an overview of the market by State. The next section discusses direct payment bond programs and presents data for...

Arthur Cohen of Hawkins Delafield & Wood LLP provides an in-depth analysis of bond finance.

This month, the CDFA // BNY Mellon Development Finance Webcast Series hosted an urgent discussion for the development finance industry about the proposed updates in the Modernizing American Manufacturing Bonds Act that was recently introduced, and...

Information on tax-exempt bonds and differences with taxable bonds is detailed by Dan Bronfman of Growth Capital Associates, Inc.

The year 2013 marked the third straight year of decline for total issuance, from a recent high point of more than $14.5 billion in 2010 to a low point of $8.8 billion in 2013. The 50 states and the District of Columbia received $32.7 billion in new...

In 2012, the 50 states and the District of Columbia received $30.87 billion in new volume cap allocation, a decrease of nearly $400 million compared to 2011. Total private activity bond issuance slightly decreased from $12.76 billion in 2011 to...

This White House report demonstrates how new game-changing technologies are reducing the cost, increasing the speed, and making it easier for entrepreneurs and manufacturers to translate new ideas into products Made in America.

The Arizona Commerce Authority provides a quick history and summary of Private Activity Bonds (PABs) and how they are used in the state.

In this presentation, Evans Paull of New Partners for Smart Growth explores creative financing models for brownfield redevelopment. Paull covers tools such as bonds, loans, grants, credit enhancements, TIF as well as case studies.

Lee Deviney of the Texas Economic Development Bank with the Office of the Governor discusses Texas' finance and tax incentive programs that are available through the state.

The PASCO Economic Development Council released a guidelines and procedures document on Industrial Development Revenue Bond Financing, including how the tool works and qualifications.

Aspects of bond deals for infrastructure, industrial and small business development are discussed in this powerful panel: Russell Goings III with Hutchinson, Shockey, Erley & Co., Robert Gamble with Public Financial Management, James Hamill with the...

Hawkins Delafield & Wood LLP is represented here by Carol McCoog, speaking on bonds and their stay in the development world.

Duncan Brown with KeyBanc Capital Markets gives a thorough markets report, along with trends in municipal finance including TIF and Private Activity Bonds.

Gary Smith with Chester County Industrial Development Authority and Sam Macrina with Manufacturing Economic Development Financing Association explain the details of financing programs available for advancing industrial development.

Sidley Austin produced this excellent primer for entities interested in accessing the U.S. capital markets. This resource provides an overview of securities regulations and laws, the offering process, compliance obligations, exempt offerings, a...

Kate Tompkins with Squire Sanders addresses challenges in clean energy and energy finance. Furthermore, Tompkins touches on important financing considerations, and assessing various sources of capital to find the best match for your particular...

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