Small Business Development & Impact Investing White Paper
CDFA’s new Small Business Development & Impact Investing White Paper documents the potential of a collaboration between Impact Investors and high performing Development Finance Agencies (DFAs) to fill the capital gaps facing small businesses and to accelerate DFAs as a major source of capital to enable small businesses to grow, create jobs and spur economic and community development.
Freeport, IL Uses TIF Bond to Support Micro-Loans
The Freeport City Council has approved a roughly $1.05 million bond issue that will be used make loans of between $5,000 – $100,000 to entrepreneurs who want to open a business in downtown Freeport. The bond issuance is backed by the downtown TIF district.
IRS Releases FAQs on Opportunity Zones
The IRS has released a list of frequently asked questions regarding Opportunity Zones. According to the FAQs, taxpayers will self-certify to become Qualified Opportunity Funds (thus no approval by the IRS is required).
Lexington, KY’s Local Food Coordinator Key for Economic Development
In 2017, the Lexington-Fayette Urban County Government started a CSA pilot program for LFUCG employees and the impact to date has been at least $850,000 in sales for Kentucky farmers.
St. George, UT Provides Tax Incentives, IDBs for Manufacturer
St. George City Council approved a 10-year tax agreement with The Ram Manufacturing Company to incentivize its expansion and creation of new jobs. The City Council previously approved up to $10 million in industrial development bonds for the project.
Three Ways P3s Can Be Used in KY Today
The state of Kentucky has a large backlog of infrastructure projects due to lack of funding. This article by P3KY discusses how this issue can be addressed by increased use of public-private partnerships (P3s).
King Co, WA Receives First WIFIA Loan
The U.S. Environmental Protection Agency (EPA) issued its first-ever loan from the Water Infrastructure Finance and Innovation Act (WIFIA) program to King County, Washington, to help finance its Georgetown Wet Weather Treatment Station.