CDFA Summer School: Fundamentals of Economic Development Finance Course
Alaska Industrial Development and Export Authority Ballard Spahr LLP Bank of America, Merrill Lynch BNY Mellon Bricker & Eckler LLP Bryan Cave LLP Business Oregon CohnReznick Frost Brown Todd, LLC Hawkins Delafield & Wood LLP Ice Miller LLP KeyBanc Capital Markets Kutak Rock LLP MB Financial Bank, NA McGuireWoods LLP Miles & Stockbridge P.C. Peckham Guyton Albers & Viets, Inc. Seyfarth Shaw LLP Squire Patton Boggs Stern Brothers & Co. Stifel Nicolaus S.B. Friedman & Company U.S. Bank Wells Fargo Securities
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Overview

The Fundamentals of Economic Development Finance Course is the foundation for all of CDFA’s educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

The Fundamentals Course is based on CDFA's Practitioner's Guide to Economic Development Finance, the only comprehensive reference guide dedicated to building and utilizing the development finance toolbox. The Practitioner’s Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities.

The Fundamentals of Economic Development Finance Course is offered during CDFA Summer School, a week long series of courses presented by the CDFA Training Institute. The schedule for CDFA Summer School is outlined below. Click on the course name to learn more about the topic and agenda:

CDFA Summer School: Course Schedule

Monday
August 11, 2014
Tuesday & Wednesday
August 12-13, 2014
Thursday & Friday
August 14-15, 2014

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program. Join us in Washington, DC for CDFA Summer School, and start down the road to personal and professional advancement today.

Scholarships are available to attend this event. Learn more about the CDFA Scholarship Program and submit your application today.

When you register for three courses during CDFA Summer School, you will receive a $200 discount off the total registration fee.
By attending, you will:

  • Learn the fundamentals of development finance
  • Interact with leading development finance professionals from around the country
  • Discuss best practices and case studies that can be implemented in your community
  • Gain a greater understanding of the diversity of development finance tools
  • Establish a foundation for attending future in-depth financing courses
  • Receive a copy of the Practitioner's Guide to Economic Development Finance
You will learn through:

  • Lecture
  • Real life case studies
  • Presentations from industry experts
  • A comprehensive resource guide
Topics covered include:

  • Understanding development finance
  • The financing spectrum
  • Building the development finance toolbox
  • Bedrock tools: bonds and the basics of public finance
  • Targeted tools: tax increment and special district financing
  • Investment tools: tax credits, seed and venture capital
  • Access to capital lending tools: revolving loan and mezzanine funds, loan guarantee and microenterprise programs
  • Support tools: federal, state, incentive and grants programs
  • Implementing the toolbox approach
  • Trends in development finance
  • Development finance challenges and policy considerations
Who should attend?

  • Bond issuers
  • Economic development professionals
  • Community development professionals
  • Broker, dealers and underwriters
  • Elected officials
  • Government and nonprofit finance officers
  • Corporate trustees
  • Legal counsel
  • Underwriters
  • Commercial bankers
  • Accountants
  • Financial advisors
  • Policy makers
Course Advisor:

Toby Rittner serves as the Course Advisor for the Fundamentals of Economic Development Finance Course.

Mr. Rittner runs the day-to-day operations of the Council of Development Finance Agencies (CDFA), which includes management of a 32 member Board of Directors, and the organization’s various educational, advocacy and research initiatives. Rittner is a frequent speaker at local, state and national conferences and events focused on economic development finance. He has been featured extensively in The Bond Buyer and other national media publications concerning the advancement of development finance tools. He is the author if CDFA's highly acclaimed Practitioner's Guide to Economic Development Finance and an adjunct faculty member at the Ohio State University teaching planning for sustainable economic development in the Knowlton School of Architecture.

Rittner is a Development Finance Certified Professional (DFCP) through CDFA and is a Certified Economic Development Finance Professional (EDFP) through the National Development Council (NDC). Rittner has also advised state and federal government leaders, including President Obama’s Administration Transition Team, on economic development finance policy and focus.

Prior to joining CDFA, Mr. Rittner was the Director of Legislative Affairs and former Director of Training for the International Economic Development Council (IEDC). Mr. Rittner has also worked for the Franklin County, Ohio Board of Commissioners, Community and Economic Development Department as a Senior Program Coordinator for Economic Development and as an Associate Planner for the City of Gahanna, Ohio.

In 2011, Mr. Rittner was appointed to the U.S. Environmental Protection Agency’s Environmental Financial Advisory Board. He is a member of the Advisory Board for the National Community Fund I, LLC and is also a member of the Advisory Board for Heritage Ohio. Mr. Rittner holds a Bachelor of Arts in Political Science and a Master's of City and Regional Planning degree from the Ohio State University.


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Agenda
The following is the preliminary agenda for this course. This agenda will be updated and modified slightly to accommodate speakers and content. However, the main areas of content as outlined in this agenda will be covered.

8:00 – 8:30 amRegistration and Continental Breakfast

8:30 – 9:00 amWelcome and Introductions

Welcome participants, introduce CDFA and set the stage for the course.

Speaker
Toby Rittner
President & CEO
Council of Development Finance Agencies

9:00 – 10:00 amUnderstanding Development Finance & the Toolbox Approach

This session will set the stage for attendees to build their core knowledge base of the roots and basic principles of development finance. Attendees will also learn about the fundamentals and concept of building a comprehensive financing strategy.

Speaker
Toby Rittner
President & CEO
Council of Development Finance Agencies

10:00 am – 12:00 pmBedrock Tools

Bonds are the bedrock of development finance and are the cornerstone of most development finance projects. This session will address the basics of bond finance including the various types of bonds, what they can finance, how they are used and important legal elements to be considered.

There will be a 10 minute break during the middle of this session.

Speakers
Toby Rittner
President & CEO
Council of Development Finance Agencies

Arthur Cohen
Partner
Hawkins Delafield & Wood LLP

Rich Frampton
Vice President
Illinois Finance Authority

Terry Finn
President
Stern Brothers & Co.

12:00 – 1:30 pmLunch, Targeted Tools

Targeted financing programs are the most popular form of development finance. Attendees will learn the basics of several financing tools including tax increment financing, special improvement districts/business improvement districts and special assessment districts as well as how they can be used to meet economic development goals and objectives.

Lunch will be served during this session.

Speakers
Toby Rittner
President & CEO
Council of Development Finance Agencies

Price Finley
Partner
Bricker & Eckler LLP

Nate Betnun
Managing Director
Stifel Nicolaus

1:30 – 2:30 pmInvestment Tools

In this session attendees will learn about the investment tools available for catalyzing job growth, real estate development, community revitalization and entrepreneurial development. Presentations will cover several highly successful federal tax credit programs and how to effectively apply these programs to development opportunities. Speakers will also address the use of innovation finance mechanisms such as seed, venture and angel funds for encouraging local entrepreneurial growth.

Speaker
Toby Rittner
President & CEO
Council of Development Finance Agencies

Joel Cohn
Partner
CohnReznick LLP

2:30 – 3:30 pmAccess to Capital Lending Tools

Important components in any development finance toolbox are tools that address access to capital concerns such as revolving loan funds, mezzanine finance and loan guarantee programs. This session will examine how communities can use these tools to bridge financing gaps and encourage development efforts.

There will be a 10 minute break during the middle of this session.

Speaker
Toby Rittner
President & CEO
Council of Development Finance Agencies

Sherwood Robbins
Managing Director
South Eastern Economic Development Company of Pennsylvania

3:30 – 4:00 pmSupport Tools

The last component of the development finance toolbox is the supporting tools such as abatements and federal funding sources. This session will address the variety of support programs that exist with presentations on a select number of important federal programs. Attendees will learn about these programs and how to effectively apply them to development opportunities.

Speaker
Toby Rittner
President & CEO
Council of Development Finance Agencies

4:00 – 5:00 pmImplementing the Development Finance Toolbox

Development finance agencies throughout the country are implementing the toolbox approach. This final session of the course will focus on case study examples of successful agencies utilizing the toolbox model and strategies for putting the toolbox in place at your agency. Representatives from these agencies will discuss how they access federal funding to support their programs and how they operate multiple programs to provide access to capital to a variety of business and industries in their community.

Speakers
Toby Rittner
President & CEO
Council of Development Finance Agencies

Samuele Bozzolla
Business Development Specialist
Allegheny County Economic Development

5:00 pm Adjourn
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    Location

    CDFA Summer School will be held at The Fairmont Washington, DC located in Washington's fashionable West End and adjacent to historic Georgetown.

    The Fairmont Washington, DC
    2401 M Street NW
    Washington, DC 20037
    Phone: 202-429-2400
    Fax: 202-457-5010

    CDFA has arranged a significantly reduced room rate of $199.00 (plus tax) per night for standard room (single or double occupancy). Hotel rooms are available from August 9 - 17, 2014 at the reduced rate if reservations are made before July 25, 2014. This rate is not guaranteed if reservations are made after the cut-off date or if the hotel is sold-out. Please reserve your room early.


    >>>Reserve Your Hotel Room

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    Registration

    The Fundamentals of Economic Development Finance Course is offered during CDFA Summer School, a week long series of courses presented by the CDFA Training Institute. This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program. Join us in Washington, DC for CDFA Summer School, and start down the road to personal and professional advancement today.

    Scholarships are available to attend this event. Learn more about the CDFA Scholarship Program and submit your application today.

    Register before June 30, 2014 for Early-Bird Rates.

    When you register for three courses during CDFA Summer School, you will receive a $200 discount off the total registration fee.

    Early-Bird RegistrationStandard Registration
    Member$350.00$400.00
    Non-Member$450.00$500.00

    Register Today!
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