CDFA - Michigan Financing Roundtable 2010 Economic Development Finance Conference



The CDFA Michigan Financing Roundtable is dedicated to developing a sustainable economic development finance industry for the state of Michigan. A collection of CDFA members and finance leaders from across the state, the Roundtable brings together the development finance industry through education, news and research.



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Join the newly launched CDFA Michigan Financing Roundtable this March 30th in Detroit as we explore the economic development finance tools making an impact throughout Michigan. A new event for the economic development, public finance and government leaders in Michigan, the 2010 Economic Development Finance Conference is designed to build Michigan’s financing understanding and capacity through education and networking.

During the 2010 Economic Development Finance Conference, we will discuss the entire development finance toolbox and learn how these tools can be used to address the tough economic conditions in our state. The conference will explore a variety of topics including bond financing, tax credits, tax increment finance and other tools being used in Michigan. In addition, experts from Michigan’s development finance industry will present case studies and best practices and offer perspectives on how to keep Michigan strong during this economic downturn.

Don’t miss this opportunity to learn about the economic development finance tools that are helping to spur growth, job creation, investment, development and redevelopment in Michigan. Space is limited, so register early to reserve your spot at the CDFA Michigan Financing Roundtable 2010 Economic Development Finance Conference.

PROGRAM

8:30 am Registration Open

9:00 am Welcome Remarks & Introduction to CDFA Michigan Financing Roundtable

The CDFA Michigan Financing Roundtable is dedicated to developing a sustainable economic development finance industry for the state of Michigan. A collection of finance leaders from across the state, the Roundtable brings together the development finance industry through education, news and research. The 2010 Economic Development Finance Conference marks the first public event of the Roundtable and the kick-off to this exciting initiative.

Speaker:
Toby Rittner, EDFP
President & CEO
Council of Development Finance Agencies

9:15 am Unlocking the Development Finance Toolbox

Having an understanding of the availability of development finance tools in Michigan is key to succeeding in today's competitive economic development climate. From bonds, tax increment finance and special districts to tax credits, seed and venture capital, revolving loan funds and much more, the development finance toolbox offers a wide range of resources. By utilizing the toolbox approach, economic development practitioners, public officials and private sector leaders can harness the full spectrum of the development finance industry to support business growth, build public financing capacity, increase investment and secure redevelopment and development projects.

Speakers:
Toby Rittner, EDFP
President & CEO
Council of Development Finance Agencies

Brian Holdwick
Executive Vice President
Detroit Economic Growth Corporation

10:00 am Short Break

10:15 am The Basics of Bond Finance

Bond financing is one of the most powerful tools for encouraging investment and growth. Over the past year, millions of dollars of bond financing resources have been allocated to Michigan and expanded to encourage investment and job growth. Knowing the differences between governmental and private activity bonds, general bond finance rules as well as the roles bond counsel play in the financing process is important in order to successfully use these tools.

Moderator:
Toby Rittner, EDFP
President & CEO
Council of Development Finance Agencies

Speakers:
Anton Colón
Director, Investment Banking - Public Finance
PNC Capital Markets, LLC

Craig W. Hammond
Attorney
Dickinson Wright, PLLC

James Jackson
Vice President - Corporate Trust
BNY Mellon

12:00 pm Lunch – Michigan's Financing Approach

How is Michigan's economy fairing in the recent economic downturn? What economic development trends are economists, bankers and other professionals experiencing throughout our state? Join top development finance leaders as the Roundtable discusses Michigan's economic development finance approach and the efforts Michigan is undertaking to emerge as an economic leader.

Keynote Speaker:
Gregory Main
President & CEO
Michigan Economic Development Corporation

1:15 pm Understanding Tax Increment Finance

Tax Increment Finance (TIF) has quickly become one of the nation's most popular development finance tools. It is imperative for development finance professionals to have a solid understanding of how TIF works to build a successful toolbox of financing programs. This session will focus on understanding what TIF is and why communities use it to achieve economic development objectives.

Moderator:
Art Papapanos
Vice President
Detroit Economic Growth Corporation

Speakers:
Michael P. McGee
Principal
Miller Canfield

Karl Dorshimer
Vice President
Lansing Economic Development Corporation

2:15 pm Short Break

2:25 pm Access to Capital & Investment Tools

Access to capital and investment tools provide critical financing opportunities for a wide variety of economic development projects. This session will cover the basics of these concepts through an examination of tax credits, revolving loan funds, and innovation finance. Tax credits can take a variety of forms, including New Markets Tax Credits and historic tax credits, and can often provide much needed equity for a project. Revolving loan funds are a gap-financing tool that can be paired with traditional bank lending for a variety of targeted purposes. Finally, innovation finance in the form of angel, seed and venture capital can be used to help grow young companies and create jobs in emerging industries.

Moderator:
Toby Rittner, EDFP
President & CEO
Council of Development Finance Agencies

Speakers:
David Blaszkiewicz
President
Detroit Investment Fund

Albert Bogdan
Consultant
AAB Development Strategies

Gregory C. Burkart
Managing Director
Duff and Phelps, LLC

Robert Poznanski
Vice President, New Markets
National Equity Fund, Inc.

3:25 pm Michigan Port Authorities – A State Financing Advantage

Port authorities play a key role in the economic development of Michigan. By using creative structured financing solutions, port authorities can help a variety of institutions obtain the financing they need to establish or grow their business. Learn from the best as Michigan’s port authorities discuss their programs and success stories.

Moderator:
John Kerr
Director of Economic Development & Grants Management
Detroit/Wayne County Port Authority

Speakers:
Megan J. Browning
Senior Vice President
George K. Baum & Company

Donald J. Hart
Managing Director
GAX Capital Group LLC

4:25 pm Implementing the Development Finance Toolbox

Development finance agencies are routinely implementing the toolbox approach. This final session of the course will focus on case study examples of successful organizations that utilize the toolbox model and strategies for putting the toolbox in place at your organization.

Speaker:
Toby Rittner, EDFP
President & CEO
Council of Development Finance Agencies

4:45 pm Closing Remarks & Adjournment

WHO SHOULD ATTEND?

This event is open to all interested stakeholders in the economic development, public finance and government leadership industries in Michigan from both the private and public sectors. Public development finance professionals and economic development leaders and private sector leaders from the lending, real estate, transportation and legal professions are encouraged to attend. Policy and community leaders, trade association and interest group representatives are also encouraged to participate.

LOCATION

This event will take place at the International Banquet Center at the Atheneum Hotel in Detroit, Michigan. Driving directions are available on The International Banquet Center's web site and a variety of parking garages are located near the facility.

The International Banquet Center
400 Monroe Street
Detroit, MI 48226
Phone: 313-963-1400
www.internationalbanquets.com

REGISTRATION

To reserve your seat at the CDFA Michigan Financing Roundtable 2010 Economic Development Finance Conference, click on the Registration button at the top of the page.

Rates:

CDFA Member
$125
Non-Member
$150

Space is limited for this event, and registrations will be accepted on a first-come, first-served basis. Register today to secure your spot!

Council of Development Finance Agencies
815 Superior Avenue
Suite 1301
Cleveland, Ohio 44114
Phone: (216) 920-3073
Fax: (216) 771-4938
E-mail: info@cdfa.net