CDFA Arizona Financing Roundtable Newsletter - September 2015
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FHLBank Awards $1M in Grants for Economic Development and Housing
Through the Access to Housing and Economic Assistance for Development (AHEAD), the Federal Home Loan Bank of San Francisco announced $1 million in grants. According to Nasdaq, the grants will be used by nonprofit organizations in Arizona, California, and Nevada to finance a variety of start-up costs to foster economic development and promote community stability and self-sufficiency.
New Financing Option for Small to Mid-sized Businesses
Existing small- and mid-sized businesses that are unable to raise working capital or supply chain financing through traditional banking venues can now apply with The Credit Junction, a Tuscon-based lending institution for loans that are designed to help drive small business growth while expanding job creation in Arizona. According to Benson News, the program offers bridge financing between $200,000 and $2 million.
Flagstaff to Administer Federal Small Business Loan Program
Flagstaff City Council approved a request from the Northern Arizona Council of Governments to take over administration of a $217,000 U.S. Economic Development Administration grant for revolving small business loans. According to AZ Daily Sun, the loans are designed to target start-up companies in the healthcare, software, aviation, transportation, research, renewable, workforce development, and tourism industries.
Phoenix Voters Approve $31.7B Transportation Plan
A $31.7 million, 35-year transportation plan that will fund a light rail system along with more buses and city street upgrades has been approved. According to the Bond Buyer, the plan is supported by an increased and extended sales tax expected to generate $17.3 billion. Other funding is expected to come from transit fares, Federal Transit Administration grants, regional transportation funds, and bond proceeds.
WIFA Announces $550,000 Loan Closing for City of Somerton
The Water Infrastructure Finance Authority (WIFA) of Arizona announced that it has closed a $550,000 loan for the City of Somerton to acquire a water system east of Somerton's municipal water service area. With the acquisition, the City of Somerton will manage operations of the water system, improve existing facilities, and invest in new infrastructure to ensure safe drinking water for its residents.
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Upcoming Events |
2015 CDFA Arizona Conference
November 17, 2015
Join CDFA for the second-annual Arizona Financing Roundtable Conference on November 17, 2015. This one-day conference will feature economic development finance experts and leaders from around the state discussing innovative development finance tools and projects, emerging resources and approaches, and how these methods can catalyze investment in the Arizona economy. The CDFA Arizona Financing Roundtable is generously hosted by the Phoenix Industrial Development Authority and is endorsed by the Association of Economic Development (AAED).
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Arizona News |
Mexico's Top Economic Development Agency Invests in Phoenix Trade Office
Phoenix | Sep. 15 | Economic Development | Export Import Bank of the United States (Ex-Im Bank)
Tuscon Economy Looking Brighter Through Economic Incentives
Arizona Daily Wildcat | Sep. 14 | Economic Development
State Could Combine Arizona Commerce Authority, Tourism Office Efforts
Phoenix Business Journal | Sep. 14 | Economic Development
What it Means That AZ is Open for Business
Phoenix Business Journal | Sep. 14 | Economic Development | Innovation Finance
State Tax Credit and Incentive Update
The National Law Review | Sep. 11 | Tax Credits
Implications for Local Government
Small Town & Rural Planning | Sep. 3 | Rural Development
GASB to Re-Examine State and Local Financial Reporting Model
The Bond Buyer | Sep. 3 | Tax Credits
Tax Abatement Disclosures & Economic Development Groups
Smart Incentives | Aug. 31 | Economic Development | Tax Credits
GASB Statement Requires Gov'ts to Disclose Abatements Info
GASB | Aug. 20 | Economic Development | Federal | Tax Credits
States Find Ways to Fund Road Repairs While Congress Stalls
Associated Press | Aug. 19 | Federal | Infrastructure Finance | Legislative | State Finance Program
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Sponsors |
Annual Roundtable Sponsor
For information about sponsoring the CDFA Arizona Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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