information from Transforming Downtown
Economic Enhancement District (EED)
Permitted uses of EED funds:
Indiana legislators are out of session. Check back in January 2024!
H.R.1491 Update (9.19.23)
Congress is coming back to Washington this week after lawmakers were home for a month-long summer recess. The Advocacy team was up on Capitol Hill meeting with House and Senate staffers about the issues important to the commercial real estate industry. This week H.R.1491 picked up yet another new cosponsor in Rep. Angie Craig (D-MN). The Small Business Energy Loan Enhancement Act would expand the maximum allowable amount businesses may borrow through the U.S. Small Business Administration 504 loan program for energy efficient investments and upgrades. The 504/CDC program provides small businesses with long term, fixed rate, low-cost loans that can be used to finance renovation and retrofit projects, as well as the purchase of major fixed assets, such as land, equipment and machinery. Among the small businesses that will benefit from this legislation are commercial properties seeking to increase operational efficiency through capital-intensive investments, particularly older building stock. As this top priority now moves through the legislative and committee process, the support and help from BOMA membership is critical. We are asking that you take action through this Capitol Canary campaign link and amplify the messaging of BOMA International on social media If you have questions or would like additional information, please contact Sam Lopez, Director of Federal Affairs, at slopez@BOMA.org.
BOMA Indiana serves all counties in the state. In considering it positions, BOMA Indiana is aware that not all of its members may necessarily hold the same opinion on specific legislation. Likewise, BOMA Indiana recognizes that while a proposed bill may on its surface appear to be something that BOMA Indiana should take a position based on our policy, there is often more to the legislation than can be garnered on first read. Therefore, BOMA Indiana commits itself to the meticulous study of all proposed legislation, and to seek the advice of the Legislative Committee and hired lobbyist before declaring its position. BOMA Indiana promotes the practice of commercial real estate ownership and management. For this reason, while we may concentrate our efforts on legislation proposed by the Indiana General Assembly, we also consider the needs of our members at the local level.
BOMA Indianapolis supports legislation that meets the following criteria:
BOMA Indianapolis opposes legislation that meets the following criteria:
POLITICAL ACTION COMMITTEE (PAC) DONATIONS
We welcome all donations to help us lobby against legislature harmful to BOMA members.