Program and Speakers
The 2011 CDFA Annual Summit will be both a celebration of 25 years of development finance and an in-depth look at the future of financing in the United States. This special program will provide more opportunities than ever before for attendees to engage in a diverse cross-section of development finance topics. Designed to educate both novices and seasoned development finance professionals alike, the 2011 Annual Summit will touch on over 25 different financing concepts, tools, programs, strategies, and solutions to the challenges facing our communities.
General sessions will be very unique with an interactive group survey activity, the 2011 Practitioner’s Showcase Award program, a dedicated federal government viewpoints discussion, and other group learning experiences. This year, CDFA has also added more financing tool drilldown sessions to maximize the opportunity for attendees to learn and engage speakers. Concurrent sessions will be designed for a more informal discussion and debate format to allow for maximum attendee interaction and networking. Check out the entire 2011 Annual Summit program to see the wide variety of topics and forums for learning.
The Annual Summit also includes two optional extra fee events: the Pre-Summit Innovation Finance Course and the Post-Summit Historic New England Bus Tour. Receptions and fun-filled activities are also included throughout the 2011 Annual Development Finance Summit. Don’t miss out! CDFA's 25th Annual Development Finance Summit is the development finance event of the year.
Speakers will be added to the program as they are confirmed, and the program is subject to change at any time. Please check back regularly for updates.
MONDAY, MAY 9
| 8:30 am - 4:00 pm | Innovation Finance Course (Optional Extra-Fee Event - 2 Day Course)
A critical component of the development finance toolbox, innovation finance provides access to capital for entrepreneurs, new technology ventures and emerging small businesses. CDFA’s Innovation Finance Course explores the growing seed, venture capital and angel investment industry and provides clear direction for designing and implementing capital formation models at the local, regional and state levels. This course differs from other capital formation curriculums in that it focuses more concretely on designing a program that uses public-sector connections, resources and coordination to drive long-term and sustainable private sector investment.
The nation’s top innovation finance leaders will discuss how to develop a capital formation program and establish a long-term public-sector driven, but private sector supported initiative. In addition, the course will highlight successful programs that are working throughout the country in communities with varying levels of capacity, sophistication and size. The Innovation Finance Course will provide development finance agencies a roadmap for building an innovation finance initiative that supports entrepreneurship, business investment, job creation and 21st century technology development.
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. >>> View the Detailed Agenda |
TUESDAY, MAY 10
| 8:00 am - 12:00 pm | CDFA Board of Directors Meeting |
| 8:30 am - 4:00 pm | Innovation Finance Course (Optional Extra-Fee Event - 2 Day Course)
Continuation of two-day course. See description above. >>> View the Detailed Agenda |
| 6:00 - 8:00 pm | Annual Summit Kickoff Celebration
Join CDFA and your fellow colleagues as we kickoff the 25th CDFA Annual Development Finance Summit. |
WEDNESDAY, MAY 11
| 8:00 am | Continental Breakfast |
| 8:15 - 10:00 am | Summit Opening Session: Municipal Finance Under the Microscope
An Interactive Audience Participation Event
As state and local governments continue to address challenges to the economy, the development finance toolbox remains the driving force behind job creation, investment, real estate development, and economy transformation. Join CDFA and top development finance leaders as we kickoff the 25th CDFA Annual Summit with an exploration of development finance under the microscope. This session will include an interactive audience experience to measure finance tool use, identify trends in the industry and pose questions for the distinguished panel.
Welcome Remarks:
Toby Rittner
President & CEO
Council of Development Finance Agencies
Nancy Howard
Chief Operating Officer
MassDevelopment
Moderator:
Barbara Kroncke-Moore
Partner
McCarter & English, LLP
Speakers:
Debra Saunders
Vice President, Municipal Finance
Fidelity Capital Markets
Alex Wallace
Managing Director, Head of Public Finance
US Bancorp Municipal Securities Group
Pepe Finn
Chairman & CEO
Stern Brothers & Co.
Robert E. Dailey, Jr.
Managing Director
J.P. Morgan Securities LLC |
| 10:15 am - 12:00 pm | Financing Toolbox Drilldown Sessions (4)
Session A: Tax Increment Finance: The Tool for Local Recovery
TIF has emerged as one of the leading tools for supporting local economy recovery efforts. This session will explore the innovative ways that development finance profdssionals are putting TIF to work in revitalizing and rebuilding their communities.
Moderator:
Jane Labouliere
Vice President, Municipal Product Manager
Wells Fargo Bank
Speakers:
Ken Powell
Managing Director
Stone & Youngberg LLC
Laura Radcliff
Senior Vice President
Stifel Nicolaus & Company, Inc.
Price Finley
Partner
Bricker & Eckler LLP
Session B: The Deal: In Need of New Markets Tax Credits – Acquire Within
Tax credits remain one of the industry’s most popular and successful forms of financing. This session will look at the art of tax credit deals and provide strategies for communities looking to acquire access to this important financing resource.
Moderator:
Jason Rittenberg
Research & Resource Coordinator
Council of Development Finance Agencies
Speakers:
Jetson Hollingsworth
Attorney
Butler, Snow, O'Mara, Stevens & Cannada, PLLC
Albert Rex
Director
MacRostie Historic Advisors LLC
Scot Butcher
Principal
Tax Credit Finance, LLC
Jeffrey W. Sacks
Partner
Nixon Peabody
Session C: Capital Markets: Credit Enhancement & Bond Buying Post-Stimulus
With the loss of BABs and Recovery Zone Bonds, capital markets are witnessing a new paradigm post-stimulus. This session will explore credit enhancement and bond buying strategies under this new reality to demonstrate success in the markets and to encourage ongoing project completion.
Moderator:
Jeff Freese
Managing Director
KeyBanc Capital Markets
Speakers:
John Wooten
Director
Wells Fargo Securities
Philip Puccia
Executive Director, Public Finance
J.P. Morgan Securities LLC.
Matthew C. Buscone
Portfolio Manager
Breckinridge Capital Advisors, Inc.
Eric Friedland
Managing Director and Group Credit Officer
Fitch Ratings
Session D: Federal Financing: USDA & HUD Programs
The federal government plays a major role in local economic development efforts. This session will explore the United States Department of Agriculture and the United Stated Department of Housing and Urban Development with a look at the programs and resources available from these agencies.
Moderator:
Steve Johnson
Director of Commercial Lending
Colorado Housing and Finance Authority
Speakers:
Judith Canales
Administrator, Rural Business and Cooperative Programs
U.S. Department of Agriculture
Valerie Piper
Deputy Assistant Secretary for Economic Development
U.S. Department of Housing & Urban Development
Mark Riedy
Partner
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C. |
| 12:00 - 1:45 pm | Defining Issues Luncheon & Awards Ceremony
The 2011 CDFA Annual Summit’s Defining Issues Luncheon will be both a celebration of excellence and a look at the major issues impacting the development finance industry. First, CDFA’s leadership will award the 2011 CDFA Lifetime Achievement Award to two very worthy recipients during a ceremony that will define this year’s Annual Summit. In addition, two distinguished guest will provide keynote remarks on the areas of community development finance and the municipal bond finance market. These very different but equally important perspectives will help shape our understanding of our complex industry and provide insight into these challenging economic times.
CDFA Business Meeting:
John Doherty
Vice President
U.S. Bank
Chairman’s Remarks
Darnell Moses
Authorities Manager
Allegheny County Economic Development
Keynote Speakers:
Donna Gambrell
Director
U.S. Department of the Treasury
CDFI Fund
Michael Stanton
Publisher
The Bond Buyer |
| 2:00 - 3:15 pm | Financing Toolbox Drilldown Sessions (5)
Session A: CDFA TIF Coalition Webcast - Offensive TIFs & Tax Districts
CDFA has taken the lead nationally to bring the tax increment finance industry together through the creation of the Tax Increment Finance Coalition (TIFC). The TIFC is a standing coalition within CDFA dedicated to professionals and organizations working in the tax increment finance industry. As an added bonus for the 25th Annual Summit, CDFA will host a national webcast inviting attendees from around the country to listen to a live session. TIF, unlike any other local financing tool, is a catalyst for controversy and misinformation, occasionally resulting in offensive TIF and tax districts. This webcast will look at the politics and practical matters in the TIF process and explore the sound approaches that communities should take when considering this valuable financing tool. Come learn about the TIFC, get involved and help advance the use of TIF nationwide.
Moderator:
Erin Tehan
Legislative & Federal Affairs Coordinator
Council of Development Finance Agencies
Speakers:
Ken Powell
Managing Director
Stone & Youngberg LLC
Cheryl Thomas Strickland
Managing Director, Tax Allocation Districts
Atlanta Development Authority
Steve Friedman
President
S.B. Friedman & Company
Session B: Best Practices: The Massachusetts Approach
Massachusetts has a long and successful economic development history. This session, lead by representatives from the Commonwealth of Massachusetts, will demonstrate the successful economic development model currently being employed by state with a look behind the curtain into this impressive system.
Speakers:
Representatives from the Commonwealth of Massachusetts
Session C: The Deal: Tax Credits Paired with Other Financing Tools
The popular trend in development finance is the layering and comingling of financing tools. Never before has the use of a diverse financing toolbox been more important. This session will explore the combination of tax credits with other traditional financing structures and will explore strategies for project success.
Moderator:
John Kerr
Director of Economic Development & Grants Management
Detroit/Wayne County Port Authority
Speakers:
Tony Q. Smith
Practice Leader
S.B. Friedman & Company
Cam Turner
Principal
United Fund Advisors
Patrick Ray
Managing Partner
Kutak Rock LLP - Arizona
Session D: Trends: Unlocking Access to Capital
Capital access has become a critical component of the financing toolbox during the past economic downturn. The ability to provide a low cost and secure form of financing to small and medium-sized businesses has become paramount to successful economic development efforts. This session will explore how to unlock access to capital to ensure these resources are delivered to the engines of our local economy.
Moderator:
Robert Heard
Managing Director
Cimarron Capital Partners, LLC
Speakers:
Steven Cohen
Deputy Commissioner
Vice President, Economic Empowerment
Empire State Development
John Saris
Business Services Manager
Business Oregon
Elyse Cherry
Chief Executive Officer
Boston Community Capital (BCC)
Session E: Federal Financing: EPA & EDA Programs
The federal government provides targeted economic development and environmental financing options for communities throughout the country. This session will explore the United States Environmental Protection Agencies and United States Economic Development Administration in depth with a look at ongoing programs and funding opportunities.
Moderator:
Mark Jaworski
Client Service Manager
Weston Solutions, Inc.
Speakers:
Charlie Bartsch
Special Assistant to the Administrator
U.S. Environmental Protection Agency
Philip J. Saputo
Construction Coordinator
Economic Development Administration |
| 3:30 - 5:15 pm | The Art of the Deal: Complex Layered Financing Under the Microscope
Complex layered financing has become the norm for economic development across the country. Accessing and utilizing the myriad development finance tools and resources available has become both an art and a science. Projects today are a result of complex structures involving multiple funding sources from state, local and federal governments. This interactive session will put complex layered financing under the microscope and explore the growing trend within these deals.
Moderator:
Michael P. Pehur
Development Finance Consulting
GSP Consulting Corp
Speakers:
Steve Strnisha
Director, Finance Services
Project Management Consultants
Tim Long
Managing Director
Robert W. Baird & Co., Inc.
Stephen S. Sparks
Partner
Bryan Cave LLP
Joseph Branca
Managing Director
Bank of America Merrill Lynch |
| 6:30 pm | Historic Freedom Trail at Night
A special addition to the 25th Annual Summit, CDFA has orchestrated a nighttime adventure exploring the historic revolutionary period that defines our country. The Freedom Trail is a 2.5 mile red-brick walking trail that leads you to 16 nationally significant historic sites, each one an authentic American treasure. Preserved and dedicated by the citizens of Boston in 1958, the Freedom Trail today is a unique collection of museums, churches, meeting houses, burying grounds, parks, a ship, and historic markers that tell the story of the American Revolution and beyond. Tours will depart from the Boston Common throughout the evening and will be hosted by historic Freedom Trail guides. Don’t miss out on this thrilling experience. |
THURSDAY, MAY 12
| 7:45 am | CDFA Legislative Breakfast
CDFA has been a leader on Capitol Hill for nearly 30 years by advocating for and advancing the cause of development finance throughout the federal government. During the past several years, CDFA has been effective in changing the laws that regulate industrial development bonds, passing important credit enhancement legislation, increasing financial resources within federal agencies and promoting innovative new ideas that will advance development finance into the future. Join CDFA’s legislative representatives during this year’s Legislative Breakfast as we explore the Council’s agenda and initiatives on Capitol Hill and within the federal agencies. All Annual Summit attendees are invited and encouraged to attend this important breakfast.
Speakers:
Bob Lind
Director, Business Finance
City of Minneapolis
Toby Rittner
President & CEO
Council of Development Finance Agencies (CDFA)
Eric Silva
CDFA Legislative Representative
Winston & Strawn
Ellen Marshall
Legislative Representative
Bond Dealers of America |
| 9:00 - 10:15 am | Financing Toolbox Drilldown Sessions (4)
Session A: Tax Increment Finance: Beyond Traditional TIF
TIF has matured and emerged over the past half century due to the creative use of this tool beyond traditional structures. This session will look at the TIF from a different perspective and will explore ways that communities are putting this tool to use outside of the conventional structures commonly promoted with wide success.
Moderator:
Katie Kramer
Director, Education & Programs
Council of Development Finance Agencies
Speakers:
Ken Powell
Managing Director
Stone & Youngberg LLC
Jim Snyder
Partner
Ice Miller
Kenneth W. Bond
Partner
Squire, Sanders & Dempsey LLP
Session B: Best Practices: Energy Finance in Action
Energy finance has become the prevailing topic in the economic development industry over the past several years. With more resources available than ever before, understanding the myriad opportunities available is critically important. This session will look at successful energy finance solutions that are driving investment and project completion nationwide.
Moderator:
Mark P. Brown
Managing Director
The Bank of New York Mellon
Speakers:
Kathleen A. McGinty
Senior Vice President and Managing Director, Strategic Growth
Weston Solutions, Inc.
Doug Lamb
Partner
McGuire Woods LLP
David Rogers
Partner
Bricker & Eckler LLP
Session C: Capital Markets: IRS, MSRB & SEC Updates
The CDFA Annual Summit would not be complete without an important update from the federal agencies that provide oversight to the development finance industry. This session will include representatives from the IRS, MSRB and SEC to provide updates on their ongoing activities and enforcement efforts.
Moderator:
Lourdes German
Vice President, Municipal Finance
Fidelity Capital Markets
Speakers:
Ernesto A. Lanza
General Counsel
Municipal Securities Rulemaking Board (MSRB)
James L. Held
Tax Law Specialist, CPM
Internal Revenue Service (IRS)
Greg Sandomirsky
Member
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Invited - SEC representative
Session D: Federal Financing: Treasury, OPIC & Ex-Im Bank
The federal government’s financing toolbox is deep and wide with programs sprinkled throughout numerous agencies. This session will explore the United States Treasury’s State Small Business Credit Initiative program, Overseas Private Investment Corporation and the Export-Import Bank of the United States. These three important federal partners provide diverse and readily available resources for financing local economic development efforts.
Moderator:
Erin Tehan
Legislative & Federal Affairs Coordinator
Council of Development Finance Agencies (CDFA)
Speakers:
John F. Moran
Managing Director,
Investment Development and Coordination
Overseas Private Investment Corporation
Charles Tansey
Senior Vice President Small Business
Export-Import Bank of the United States
Cliff Kellogg
Director
U.S. Department of the Treasury |
| 10:30 am - 12:00 pm | Summit Closing Session: Harnessing the Regional Public/Private Development Finance Advantage
Communities throughout the country are turning to regional economic development efforts to bolster job creation, industrial growth and capital investment. The best of these efforts are being led by regional public/private development finance partnerships that span across governmental jurisdictions and break away from antiquated institutional structures. These partnerships bring more resources to the table and help facilitate projects and deals that otherwise would not compete in the economic marketplace. Despite this success, regional public/private development finance partnerships remain largely underutilized and overlooked. Join CDFA and a roundtable panel of experts as we explore this advanced approach for harnessing the regional public/private development finance advantage.
Moderator:
Christine Johnson
Product Manager
The Bank of New York Mellon
Speakers:
Gary Smith
President/CEO
Chester County Economic Development Council
Belden Hull Daniels
CEO & Controlling Entity
National New Markets Fund
John Brancaglione
Vice President
Peckham Guyton Albers & Viets, Inc.
Steve Klein
Managing Director and Principal
First Infrastructure
Darnell Moses
Authorities Manager
Allegheny County Economic Development |
| 1:00 - 6:00 pm | Historic New England Coast Line Bus Tour (Optional Extra-Fee Event)
Enjoy the scenic and Historic New England Coast Line and beautiful seaside villages during this special tour offered during the 25th Annual Summit. The trip will start in downtown Boston with visits to charming Marblehead and neighboring historic Salem. Salem is the home of the famous 1682 witch trials and is one of the oldest colonial period towns in our country. Finally the tour will stop at the famous House of the Seven Gables where costumed interpreters will provide an unforgettable historical experience. Attendees will enjoy a boxed lunch along the ride in a custom luxury motor coach as we travel through the Historic New England Coast Line. Join us! |
This program is preliminary and subject to change at any time. Please check back regularly for updates.