CDFA Illinois Financing Roundtable Newsletter - September 2017
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| Feature |
Chicago's Pullman Park Continues to Build, Create Jobs
On the former rail yard, more than $250 million in investments have created 450 construction jobs and 750 permanent jobs so far — many of them covered by local hiring agreements. And this week brings another announcement of a partnership to develop 50 more acres of industrial land, with potential for up to 1,000 more jobs.
Commercial PACE Financing is Available in IL
Energy efficiency is on the minds of many commercial real estate owners. However, there are two main obstacles that can prevent owners from making energy improvements to their properties: a lack of capital and the inability to find financing sources. PACE can allow Illinois commercial property owners to overcome these barriers.
Modernizing State Historic Preservation Tax Credits
Typically, state-level historic preservation credits are based primarily on the federal tax credit. States that have enacted similar credits but tailor the requirements to their own needs by broadening or decreasing eligibility and amounts.
IL Angel Investor Tax Credit Signed Into Law
The credit gives investors into early-stage companies the chance to take a credit of 25 percent on an investment of at least $10,000 in small businesses that have to have fewer than 100 employees and, for the most part, be in innovation or technology work.
IFA Teeing Up State Revolving Fund Bond Deal
The Illinois Finance Authority is readying a $560 million sale of triple-A rated state revolving fund bonds for the week of Aug. 28 as the agency ramps up its SRF issuance to an annual basis to meet demand. Proceeds will fund loans to finance eligible wastewater treatment and sanitary sewerage facilities and drinking water facilities.
IL TIFs and the Standoff Over Reform
Though they initially were intended to provide relief for blighted areas, TIF districts now cover many wealthy areas of Chicago and the suburbs, such as LaSalle Street in the Loop. Chicago alone banks hundreds of million of dollars a year off its more than 200 TIF districts, money that otherwise would go to schools and other government services.
Rauner Expected to Approve IL Revived Corporate Tax Incentives
The new program would still provide tax breaks for companies that promise to create jobs in Illinois, as it always has, but comes with tweaks. There's credit for the cost of training new employees and investing in low-income areas, plus provisions that allow small businesses easier entry into the program.
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Upcoming Events |
CDFA National Development Finance Summit
November 15 - 17, 2017 - Atlanta, GA
The CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. The CDFA National Summit is designed for both public and private sector participants from all areas of the country. Attendees represent a diverse cross section of the development finance industry and bring unique perspectives, creative financing approaches, and interesting conversation to the event.
CDFA – Frost Brown Todd Infrastructure Finance Webcast Series
September 26-29, 2017 - Daily: 2:00 - 3:30 PM Eastern
The CDFA – Frost Brown Todd Infrastructure Finance Webcast Series will address current trends in financing the nation's most pressing infrastructure needs along with strategies for assembling capital, structuring the deal, and addressing critical financing gaps.
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Illinois News |
Extension of River Edge Tax Credit Will Support Peoria, IL
Journal Star | Aug. 18 | Historic Preservation | Tax Credits
Revolving Loan Fund Continues Success in Galesburg, IL
Journal Star | Aug. 13 | Revolving Loan Funds (RLFs)
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Sponsors |
State Partner
Venue Sponsor
Principal Sponsor
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For information about sponsoring the CDFA Illinois 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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