Effective July 17, 2020, through September 30, 2020, Nonprofit entities can obtain federal loan dollars through two different Main Street Lending Program facilities (NONLF [1], & NOELF [2]). These facilities were added on top of the three existing lending facilities (MSNLF [3], MSPLF [4], MSELF [5]) meant to aid small

Since we published our 2019 Municipal Market Year in Review market update in December, the financial markets have experienced historic turbulence with the onset of the COVID-19 pandemic. As a response to this turbulence, Blue Rose has begun publishing weekly “Special Editions” of The Shield to address key municipal market

As we shared with you in a prior newsletter article in April, the possibility has existed that tax policy changes impacting the public finance sector could be a part of various stimulus measures that are undertaken by Congress. Favorably, growing momentum behind these changes has advanced these initiatives considerably.   Last

In the 90-plus days since COVID-19 interrupted the 2020 Spring term in an historically unprecedented fashion, the credit rating agencies have moved quickly to measure the pandemic’s immediate and prospective impact upon higher education institutions across the country. On March 18, Moody’s changed its outlook on the higher education sector

It is evident that issuers and borrowers across the public finance sector – from States and State agencies to municipalities, from higher education to healthcare and other non-profit organizations – are working diligently to establish new budgets for the upcoming fiscal year. Much uncertainty exists, of course, as a result of

Summary In Minnesota, spring weather is typically rather erratic. This has been evidenced once again in 2020, which has made me ponder the similarities of this year’s weather to the recent tax-exempt market behaviors. No, I’m not suggesting the two are correlated, although I wouldn’t be the first to make

Paycheck Protection Program—Available to Institutions With Less Than 500 Employees* The recently signed CARES Act contains a program that allows businesses and non-profit institutions with fewer than 500 employees (including sole proprietors and nonprofits) to have access to “paycheck protection loans” through June 30, 2020. While these monies are characterized

The current COVID-19 health pandemic is creating tremendous concern for the higher education sector: Moody’s has downgraded the sector to a “negative” outlook, S&P has revised their outlook on privatized/P3 higher education housing deals to “negative,” and each day there are articles discussing the near-term impact of the coronavirus.   Institutions

Interest rates have never been lower. Yes, participants in the fixed income and public finance markets have said this before; many times, in fact, over the last 20 years. I was reminded of this again as we recently priced a taxable bond issue for a long-time client. Yet, we have

Happy new year! At Blue Rose, we welcome the new year as it presents our advisory team and our clients with another opportunity to improve their organizations and overcome various challenges, whether those be in the capital markets or sector specific. Of course, our team is excited to connect with you, meeting