CFFA’s “strong year” in 2021 included more than a half billion in financing

The Columbus-Franklin County Finance Authority (CFFA)’s recently released annual report pronounced 2021 a “strong year,” in which the organization “provided $587.42 million in development financing — double the total for the previous year.” The CFFA noted several “firsts” for 2021, including “projects in Fairfield, Knox, and Madison Counties; tax-exempt PACE [Property Assessed Clean Energy] financing for Alvis (nonprofit); a construction loan for industrial cold storage; and a small business loan for manufacturing equipment.” The CFFA was also one of six qualified Ohio Port Authorities that “sponsor five regional investment-grade bond funds” to partner with JobsOhio “to establish the $50 million JobsOhio debt service reserve.” Bricker & Eckler was privileged to serve as counsel to CFFA for many bond fund and energy loan projects in 2021. For more, read the full report

Economic Development, Financial Incentives, Project Finance, State Updates