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.
|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:
- 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
- Financial Advisors
- Policy Makers
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.
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.
Welcome participants, introduce CDFA, and set the stage for the course.
|12:00 - 12:15 pm EST||Welcome & Overview|
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 concepts of building a comprehensive financing strategy.
|12:15 - 1:00 pm||Understanding Development Finance & the Toolbox|
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 issued and important legal elements to be considered.
|1:00 - 3:00 pm||Bedrock 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, special assessment districts, and tax abatements as well as how they can be used to meet economic development goals and objectives.
|3:15 - 5:00 pm||Targeted 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 EB-5 Financing, which encourages foreign investment in job-creating U.S. economic development projects in return for a U.S. green card.
|12:00 - 2:00 pm EST||Investment Tools|
Important components in any development finance toolbox are tools that address access to capital concerns such as revolving loan funds, mezzanine finance, credit enhancement models, linked deposit programs, and loan guarantee programs. Furthermore, the use of innovation finance mechanisms such as seed, venture and angel funds for encouraging local growth will be discussed by the speakers in this session.
|2:15 - 3:45 pm||Access to Capital Lending Tools|
The last session of the Fundamentals Course will demonstrate the power of federal support tools and present the multitude of programs that exist within the various federal agencies. Attendees will learn about these programs and how to effectively apply them to development opportunities.
|3:45 - 4:00 pm||Federal Support Tools|
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.
|4:00 - 5:00 pm||Implementing the Development Finance Toolbox|
The Fundamentals of Economic Development Finance WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on January 27-28, 2016 from 12:00-5:00 pm (EST). You must have access to a computer and phone to attend the WebCourse.
You will receive additional instructions for participating in the WebCourse by email as well as a packet of course materials by mail approximately one week before the start of the course. If you have registered within five days of the start of the course, your materials may not arrive in time. Please contact CDFA if you would like to request expedited shipping for an additional fee.
The Fundamentals of Economic Development Finance Course qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.
Register before January 8, 2016 for Early-Bird Rates.
|Early-Bird Registration||Standard Registration|