Program & Speakers...
This program is subject to change without notice. Please check back often for updates.
MONDAY, MAY 4
| 6:30 pm | CDFA Board of Directors Dinner |
TUESDAY, MAY 5
| 10:00 am – 7:00 pm | Registration Open |
| 8:00 am – 12:00 pm | CDFA Board of Directors Meeting |
| 1:00 – 5:00 pm | Pre-Summit Workshops (2)** |
 | Workshop #1: Energy and Green Development Finance
As the United States works towards energy independence through the implementation of clean, renewable, reliable and innovative energy solutions, the development finance industry is uniquely positioned to address the financing of this transformation. This workshop will focus on the current tools that exist for financing energy solutions from clean renewable energy bonds and tax credits to solutions for green and energy efficient development. In addition to discussing the financing tools that are available today, we will also look to future energy financing opportunities that state and local economic developers can address.
Speakers:
Douglas Lamb
Counsel
Hunton & Williams
John May
Managing Director
Stern Brothers & Co.
Mike Italiano
President & CEO
Founder / Director / CEO Board, US Green Building Council
CEO, Market Transformation to Sustainability
Capital Markets Partnership
Aurora L. Sharrard, PhD, LEED AP
Research Manager
Green Building Alliance
Belden Hull Daniels
President
Economic Innovation International, Inc.
Chris Hasle
Senior Vice President
United Fund Advisors |
| Workshop #2: Tax Increment Finance (TIF) 101
Tax increment finance represents the most widely used development finance tool today nationwide. While TIF is increasingly widespread, it can be challenging to understand and implement. This workshop address TIF’s complexities, beginning with the fundamentals and bedrock mechanics. As the workshop progresses, a panel of experienced practitioners from across the country will explain some emerging trends and innovative applications. Finally, CDFA will walk attendees through the myriad of resources available in the CDFA online TIF library, the nation’s only virtual catalog of TIF-specific research, articles and legislative information.
Moderator/Speaker:
Ken Powell
Managing Director
Stone & Youngberg LLC
Speaker:
Laura Radcliff
Senior Vice President
Stifel Nicolaus & Company, Inc.
Michael P. Pehur
Senior Project Manager
Redevelopment Authority of Allegheny County
Rob Stephany
Executive Director
Urban Redevelopment Authority of Pittsburgh (URA)
Greg Hummel
Partner
Bryan Cave LLP
Steve Heaney
Managing Director, Head of Public Finance
Stone & Youngberg LLC |
| 6:00 – 8:00 pm | Annual Summit Kick-Off Celebration |
WEDNESDAY, MAY 6
| 7:30 am – 5:00 pm | Registration Open |
| 7:30 – 9:00 am | Continental Breakfast |
| 8:30 – 10:00 am | Summit Opening Session: Municipal Finance Under the Microscope – The Changing Landscape of Development Finance
As lending institutions and the federal government forge new partnerships to address the global economic crisis, state and local communities are particularly concerned about how they can continue to support business, industry and other development initiatives. While these partnerships are slowly developing, we are beginning to see how they will set the foundation for municipal financing and economic development for the next few decades. Even though the bond market has struggled over the past several months, the capital markets industry continues to pursue and participate in deals and the federal government continues to partner in this endeavor. During the opening session of the 2009 Annual Summit, join the nation’s most distinguished financing leaders as we put municipal finance under the microscope and explore the changing landscape of development finance and the solutions for a new 21st century economy.
Moderator:
John Kerr
Director of Economic Development & Grants Management
Detroit/Wayne County Port Authority
Welcome Address:
Dennis M. Davin
Director
Allegheny County Economic Development
Darnell Moses
Manager
Allegheny County Economic Development
Confirmed Speakers:
John R. Price
President and Chief Executive Officer
FHLBank Pittsburgh
Robert Dye
Vice President, Senior Economist
The PNC Financial Services Group
Jim Lebenthal
Co-founder
Lebenthal & Co. |
| 10:15 am – 12:00 pm | Concurrent Sessions (3) |
| A. Allegheny County: A Comprehensive Finance Approach
The development finance toolbox is alive and well in Allegheny County, PA. Considered one of the most sophisticated and experienced development finance communities in the country, Allegheny County is proving that a comprehensive approach results in job creation, new development, investment and economic growth. Join our hosts in exploring their success and attend a live Board meeting of the County’s various financing authorities.
Moderator:
Darnell Moses
Manager
Allegheny County Economic Development
Speakers:
Authorities Board Representatives |
| B. Incentives: The Debate Continues
The incentive debate continues nationwide, and CDFA has taken the lead to address this issue directly. In this debate, we’ll discuss the appropriateness of incentives, how to implement them, and the accountability requirements that communities should adopt beforehand.
Moderator:
John Brancaglione
Vice President
Peckham Guyton Albers & Viets, Inc.
Speakers:
Greg LeRoy
Executive Director
Good Jobs First
Caren Franzini
Chief Executive Officer
New Jersey Economic Development Authority
Jeffrey A. Mills
Partner
Pepper Hamilton LLP
Dusty Elias Kirk
Partner
Pepper Hamilton LLP |
| C. Municipal Finance: Industrial Development Bonds & IRS Update
Industrial development bonds made a major comeback in 2007 with a $1.9 billion increase in issuances throughout the country. IDBs, the number one source of public financing for medium to small manufacturers, continue to be a proven economic generator. This increase has spurred a renewed interest in IDBs as well as needed scrutiny by the IRS. Join fellow IDB professionals and representatives from the IRS as we explore IDB trends, utilization and current enforcement updates.
Moderator/Speaker:
Bob Lind
Director, Business Finance
City of Minneapolis
Department of Community Planning & Economic Development
Speakers:
Mary Nash Rusher
Partner
Hunton & Williams
Jim Snyder
Partner
Ice Miller
Mark Vacha
Partner
Dilworth Paxson LLP |
| 12:00 – 2:00 pm | Annual Luncheon & 2009 Practitioner’s Showcase
Best Tax Credit Financed Project
Now in its 4th year, the signature event of the Annual Summit is the 2009 Practitioner’s Showcase: Best Tax Credit Financed Project. The Practitioner’s Showcase is an interactive demonstration of the best financing programs in the country. Three finalists from a large field of submissions will present their submission and make the case for why they have the best tax credit project in the country. A live audience vote will decide the winner! Join CDFA as we celebrate the best in development finance at the 2009 Practitioner’s Showcase: Best Tax Credit Financed Project.
Confirmed Finalist:
National New Markets Fund LCC – Second Line Stages Project, New Orleans, LA
Detroit Shoreway Community Development Organization – Capitol Theatre Project, Cleveland, OH
United Fund Advisors – Gerding Theater at the Portland Armory Project, Portland, OR |
| 2:15 – 3:30 pm | Concurrent Sessions (3) |
| A. Economic Stimulus 101
The recently passed American Recovery & Reinvestment Act of 2009 will provide nearly $8 billion in federal assistance for stimulating the national economy. The economic stimulus has provided a higher level of resources not seen in this country for decades and is an opportunity for the development finance community to capitalize on available funding, flexible financing and renewed federal programming. Economic stimulus 101 will explore the ARRA and examine the opportunities for your community to capitalize on this immeasurable opportunity.
Moderator/Speaker:
John England
Attorney
Butler, Snow, O'Mara, Stevens & Cannada, PLLC
Speakers:
Jetson Hollingsworth
Attorney
Butler, Snow, O'Mara, Stevens & Cannada, PLLC
Kim Smith
Attorney
Butler, Snow, O'Mara, Stevens & Cannada, PLLC |
| B. Energy & Green Development: How Do We Finance It?
The U.S. is going green with a focus on new sustainable energy models for development and this transformation presents great opportunity for state and local economic developers. With the emergence of the green and energy movements, financing once again will play a critical role in encouraging new development, new ideas and environmental innovation. And, the development of clean, renewable and next generation energy sources has become a national issue. Come learn about the latest tools you can use to finance a greener more energy efficient future and find out what the future holds for this exciting industry.
Moderator/Speaker:
Tina Neal
Senior Vice President
Piper Jaffray & Company
Speakers:
Douglas Lamb
Counsel
Hunton & Williams
Pat Wilson
Vice President of Project Finance
Clean Planet Funding, LLC
Chris Hasle
Senior Vice President
United Fund Advisors
John May
Managing Director
Stern Brothers & Co. |
| C. Bond Finance: FHLB Credit Enhancement Solutions
With the municipal financial markets in flux, issuers are looking for tools and solutions to enhance bond-financed transactions. Credit enhancement can come in many forms and has become a major component of the bond industry with new solutions, resources and strategies emerging nationwide. CDFA has become a national leader in these credit enhancement efforts through support for the FHLB letter of credit provisions. The FHLB letter of credit program is now paying off with innovative transactions and major success. Learn the latest FHLB credit enhancement trends and techniques in this timely and informative session.
Moderator/Speaker:
Laura Radcliff
Senior Vice President
Stifel Nicolaus & Company, Inc.
Speakers:
Eileen Marxen
Deputy Executive Director
California Industrial Development Financing Advisory Commission (CIDFAC)
Douglas J. Iverson
Senior Vice President
Federal Home Loan Bank of Indianapolis |
| 3:45 – 5:00 pm | Summit Forums (2) |
| A. Getting the Deal Done – Solutions to Addressing the Market Downturn
From the global credit crisis and challenges on Main Street to the instability on Wall Street and changing policies in Washington, DC, the economic downturn has affected nearly everyone. Despite this, many issuers and agencies are making progress and financing projects through a variety of creative and innovative approaches. Join a group of the industry’s most proactive and successful financing leaders to discuss how they are pushing forward with projects, catalyzing investment and getting deals done. Learn how you can implement their solutions to address the market downturn.
Speakers:
Victor Chang
Senior Vice President
Wells Fargo Public Finance
David Rogers
Partner
Bricker & Eckler LLP
Tim Long
Managing Director
Robert W. Baird & Co., Inc.
Christopher Burnham
President & Executive Director
Summit County Port Authority |
| B. Project Market Place Featuring Wall Street Without Walls
Do you have projects that need technical assistance or specific questions on how to structure a tough deal? Join CDFA partner, Wall Street Without Walls, in the CDFA Lounge during this interactive, technical assistance session. Wall Street Without Walls fills a finance expertise gap in the nonprofit sector. Through their partnership with the Templeton Foundation, they match senior and retired volunteers who have investment banking and capital markets experience with development organizations who are seeking creative solutions to financing challenges of $10 million or more. Bring your project and questions and have WSWW address your challenges.
Speakers:
John Nelson
Co-Director
Wall Street Without Walls |
| 6:30 pm | Pittsburgh Nighttime Adventures
Amazing Pittsburgh has so much to offer, including great restaurants. Join your colleagues from around the country for a night on the town. The Pittsburgh Nighttime Adventures are an opportunity for groups of Annual Summit attendees to join together for dinner and good times. Sign up for an adventure, and join a group of Annual Summit attendees to enjoy all that Pittsburgh has to offer.
Event Notes: Nighttime Adventures are Dutch treat style. CDFA will provide transportation to and from each location. Attendees will cover their own dinner expenses. Those wanting to attend an Adventure are asked to select their choice while registering to allow for accurate planning. Onsite registration will also be permitted on a first come-first served limited basis. Early registration is recommended.
Adventure #1:
A Night on Mount Washington
With spectacular views of downtown, Mt. Washington is a must-see when visiting Pittsburgh. We’ll take the funiculars, the oldest continuous running inclines in the world, up to Mt. Washington and dine at one of the restaurants overlooking the city.
Adventure # 2:
A Night at the North Shore
Discover Pittsburgh’s vibrant North Shore, home to the Pirates and Steelers stadiums, the Andy Warhol Museum, great dining and shopping. We’ll explore this exciting neighborhood and eat at one of the area’s highly acclaimed restaurants. |
THURSDAY, MAY 7
| 7:30 –11:00 am | Registration Open |
| 7:30 – 9:00 am | CDFA Sustainable Finance Coalition Breakfast
The growing interest in sustainable, green and energy investments is leading the development finance industry in an exciting new direction. With a renewed and expanding movement to support sustainable development, the finance industry is learning ways to best adapt to this changing financial climate. CDFA has taken the lead nationally to launch a new Sustainable Finance Coalition, a standing coalition within CDFA dedicated to professionals and organizations working to support sustainable development and the financing tools supporting this industry. Join industry leaders as we explore the current issues and challenges facing this field and build a vision for the growth and development of this important coalition. All are invited to attend this interactive continental breakfast.
Moderator:
Toby Rittner
President & CEO
Council of Development Finance Agencies
Speakers:
Mike Italiano
President & CEO
Founder / Director / CEO Board, US Green Building Council
CEO, Market Transformation to Sustainability
Capital Markets Partnership
Steve Klein
Partner
First Infrastructure |
| 9:15 – 10:30 am | Concurrent Sessions (3) |
| A. Tax Credits: Combinations Leading to Higher Returns
Combining state and federal tax credit programs has become a best practice in the development finance industry. Today, dozens of programs can be combined to increase public investment into projects, resulting in a higher return for the local community. Join us as we explore these best practices in tax credit finance.
Moderator:
John Brancaglione
Vice President
Peckham Guyton Albers & Viets, Inc.
Speakers:
Cam Turner
Senior Vice President
United Fund Advisors
Frank Altman
President & Chief Executive Officer
Community Reinvestment Fund, USA
Mike Riechman
Director - Investor Relations
RBC Capital Markets |
| B. Tax Increment Finance: Critical Public Policy
TIF is the most actively used development finance tool nationwide today. With the increased use of this tool, comes a variety of critical public policy questions that must be addressed including due diligence, transparency and accountability in the TIF process. See how CDFA is leading the way in this effort as we discuss critical public policy considerations surrounding TIF.
Moderator/Speaker:
Ken Powell
Managing Director
Stone & Youngberg LLC
Speakers:
Michael P. Pehur
Senior Project Manager
Redevelopment Authority of Allegheny County
Cheryl Strickland
Managing Director, Tax Allocation Districts
Atlanta Development Authority
Evans Paull
Senior Policy Analyst
Northeast Midwest Institute
Alan Cason
Partner
McGuire Woods LLP |
| C. Revolving Loan Funds: Little Effort, Big Impact
RLF programs have steadily grown in popularity as a way to provide support for innovative development projects, business assistance and community revitalization. Now considered one of the economic development industry’s leading finance tools, these programs require little effort on the part of economic development finance agencies but result in big impacts for the community.
Moderator:
Brian Anderson
Manager, Education & Policy
Council of Development Finance Agencies
Speakers:
Tom Link
Manager, Business Development
Urban Redevelopment Authority of Pittsburgh
Daryl Coyne
Manager, Loan Programs
Northwest Commission
Samuel Bozzolla
Project Manager
Allegheny County Economic Development |
| 10:45 am – 12:00 pm | The New Federal Economic Development Focus
Change has come to Washington, DC and with it a new federal economic development approach is coming into focus. As the nation’s capitol prepares for this sea change, the development finance industry is also learning the new ways of Washington. What are the new administration priorities? Where is federal funding heading and what innovations can we expect from our new national leadership? Join CDFA and representatives from the federal government at the closing session of the 2009 Annual Development Finance Summit as we explore these questions and examine the new federal economic development focus that will influence and impact our industry for years to come.
Moderator:
Toby Rittner
President & CEO
Council of Development Finance Agencies
Speakers:
John Nelson
Co-Director
Wall Street Without Walls
Gregory Anderson
Senior Managing Director
Lebenthal & Co.
Richard S. Seline
CEO and Principal
New Economy Strategies, LLC |
| 1:00 – 4:00 pm | Pittsburgh by Boat Economic Development Tour (Lunch Included)
A special feature of the 2009 Annual Summit is the Pittsburgh by Boat Economic Development Tour hosted by Allegheny County Economic Development. The tour will show you Pittsburgh and Allegheny County like no other way: from the rivers surrounding the beautiful landscape. Allegheny County and other local development representatives will be on board to point out development projects that are shaping Amazing Pittsburgh today. This fascinating boat tour is included in your registration for the Annual Summit, and you won’t want to miss it. Lunch will be provided on the tour. |
**Extra fee workshop - see registration page for prices and details
Note: This agenda is subject to change without notice
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