Chairman Brown and members of the Committee, thank you for the opportunity to testify in favor of the Individual Development Account (IDA) appropriation. My name is Andy Fraizer and I [...]
The Indiana General Assembly Ways and Means Committee will hold public testimony on the state budget (House Bill 1001) tomorrow, February 13, 2013 at 9:00 a.m. IACED members are encouraged [...]
Today, the Chairman of the Senate Banking, Housing and Urban Affairs Committee Tim Johnson (D-SD), released his agenda for the committee’s work in the 113th Congress. According to the press [...]
The federal government may soon be helping nonprofit organizations receive full (or at least, more) reimbursement of indirect costs from states and local governments for services they perform under federal programs. The proposal would also consolidate and streamline eight OMB circulars, raise the Single Audit (A-133) threshold from $500,000 to $750,000, and eliminate duplication and unnecessary audit criteria. OMB invited the National Council of Nonprofits and representatives of the states, CPAs, research institutions, and Native Americans to participate in a webcast on February 8.
IACED members please contact the Indiana House of Representatives Government and Regulatory Reform Committee members to express support for House Bill (HB) 1317 dealing with land banks and property tax [...]
IACED members please contact Indiana House of Representatives Ways and Means Committee Chairman Tim Brown in support of House Bill (HB) 1318. IACED is asking members to ask Chairman Brown [...]
The Riley Area Development Corporation(RADC) is a Community Development Corporation (CDC) and a catalyst for community revitalization, economic development, and partnerships – focused the past 30+ years on the near [...]
Mapleton-Fall Creek Community Development Corporation Celebrates Additional Public Investment in the Neighborhood with Tax Increment Financing.
IACED member, Mapleton-Fall Creek Development Corporation is celebrating the passage of a tax increment financing (TIF) district by the Indianapolis City-County Council benefiting their neighborhood. Acronyms are abundant in the [...]
Chairman Hershman and members of the Committee, thank you for the opportunity to testify in support of Senate Bill 521 establishing a state new markets tax credit. IACED has more than a decade of experience with the federal New Markets Tax Credit program. IACED’s experience includes the formation of two community development entities. A recent study by the Center for Business and Economic Research at Ball State University completed a simulation based on original analysis and comparable studies in other states to demonstrate that had Indiana implemented a 39 percent state New Market Tax Credit in 2010, over the course of seven years, roughly $433 million would have been invested in economically distressed rural and urban regions with 4,665 total jobs. Of this, $46 million would have been discrete new investment and a total of 499 discrete new jobs. IACED urges you to support SB 521 and create this new tool for investment in Indiana.
Residents in the Mid-North Neighborhoods of Indianapolis will Update Their Quality of Life Plan on February 28, 2013
On February 28, 2013 at the Normandy Barn located in the Indiana State Fairgrounds, residents from all six Mid-North Quality of Life neighborhoods will come together for their 2nd community [...]