Follow CDFA on Twitter
CDFA Upcoming Events

CDFA Brownfields Project Marketplace
Daily: 1-5pm (EDT)
July 27-30, 2015

CDFA Florida Conference
Lake Buena Vista, FL
August 5-6, 2015

CDFA Summer School
St. Louis, MO
August 10-14, 2015

Fundamentals of Economic Development Finance Course
St. Louis, MO
August 10, 2015

Intro Public-Private Partnership (P3) Finance Course
St. Louis, MO
August 11-12, 2015

Intro Tax Increment Finance Course
St. Louis, MO
August 11-12, 2015

CDFA In-Person Rural Project Marketplace
August 12, 2015
2:00 - 4:30pm (EDT)

CDFA Brownfields Financing Webinar Series: New Investments With New Markets Tax Credit
2:00pm (EDT)
August 13, 2015

Intro Bond Finance Course
St. Louis, MO
August 13-14, 2015

Intro Rural Finance Course
St. Louis, MO
August 13-14, 2015

CDFA Kentucky Webcast: Understanding the EB-5 Model in Kentucky
11:00am - 12:30pm (EDT)
August 19, 2015

CDFA Ohio Conference
Columbus, OH
September 1, 2015

CDFA New York/New Jersey Conference
Newark, NJ
September 17, 2015

CDFA Wisconsin Conference
Madison, WI
September 30, 2015

CDFA Michigan Conference
Detroit, MI
October 7, 2015

CDFA Washington Conference
Seattle, WA
October 13, 2015

CDFA Oregon Conference
Portland, OR
October 15, 2015

CDFA Kentucky Conference
Lexington, KY
October 22, 2015

CDFA South Carolina Conference
Charleston, SC
November 3, 2015

CDFA National Development Finance Summit
Charleston, SC
November 3-6, 2015

Intro Brownfields Finance Course
Charleston, SC
November 4, 2015

CDFA Arizona Conference
Phoenix, AZ
November 17, 2015

CDFA California Conference
Sacramento, CA
November 19, 2015

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 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
Z. The Bond Buyer
Apply for a scholarship

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.

This course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

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

August 10, 2015
Tuesday & Wednesday
August 11-12, 2015
Thursday & Friday
August 13-14, 2015
    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
    • Attorneys
    • 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, research, resources and networking 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, Wall Street Journal, Bloomberg, NPR and other national media publications concerning the advancement of development finance tools. He is the author of 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.

    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.

    Mr. Rittner was previously served on 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.

    Return to the top
    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.


    8:30 – 9:00 amWelcome & Overview

    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.

    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.

    12:00 – 1:30 pmTargeted 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.

    Toby Rittner
    President & CEO
    Council of Development Finance Agencies

    Price Finley
    Bricker & Eckler LLP

    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.

    2:30 – 2:45 pmBreak

    2:45 – 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.

    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.

    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.

    Toby Rittner
    President & CEO
    Council of Development Finance Agencies

    Samuel Bozzolla
    Business Development Specialist
    Allegheny County Economic Development

    5:00 pmAdjourn
      Return to the top

      CDFA Summer School will be held at the St. Louis Union Station. Located in the center of St. Louis, this historic hotel is within walking distance to Scottrade Center, Peabody Opera House, Busch Stadium, and Ballpark Village.

      St. Louis Union Station
      1820 Market Street
      St. Louis, MO 63103

      CDFA has arranged a significantly reduced room rate of $169.00 (plus tax) per night for a standard room (single or double occupancy). Hotel rooms are available from August 9 - 14, 2015 at the reduced rate if reservations are made before July 17, 2015. 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. For individual reservations call 877-845-7354 and reference CDFA Summer School.

      >>>Reserve Your Hotel Room

      Return to the top

      CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify 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 St. Louis, MO 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, Presented by PFM and submit your application today.

      Register before June 30, 2015 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.

      The registration fee for the Fundamentals of Economic Development Finance Course is displayed below. Click the Register button to view the total fees and discounts available for CDFA Summer School.

      Early-Bird RegistrationStandard Registration

      Register Today!
      Return to the top