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. 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 Minneapolis, and start down the road to personal and professional advancement today.
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
|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, EB-5 Immigrant Investor Program
- Access to capital lending tools: revolving loan and mezzanine funds, loan guarantee, innovation finance 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
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.
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.
|7:30 - 8:30 am ||Registration & Continental Breakfast|
|8:30 - 9:00 am ||Welcome & Introductions|
Welcome participants, introduce CDFA and set the stage for the course.
|9:00 - 10:00 am ||Understanding Development Finance & the Tool Box 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 concepts of building a comprehensive financing strategy.
|10:15 am – 12:00 pm ||Bedrock 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 issued and important legal elements to be considered.
|12:00 – 1:30 pm ||Lunch, Targeted 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.
|1:30 – 2:30 pm ||Investment 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.
|2:45 – 3:30 pm ||Access 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, 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.
|3:30 – 4:00 pm ||Federal Support Tools|
The next session of the Fundamentals WebCourse 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.
|4:00 – 5:00 pm ||Implementing 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.
CDFA Summer School will be held at the Renaissance Minneapolis Hotel, The Depot. Located in the Gateway District, this hotel is at the center of downtown Minneapolis' most exciting new neighborhood.
Renaissance Minneapolis Hotel, The Depot
225 3rd Avenue South
Minneapolis, MN 55401
>>>Reserve Your Room
CDFA has arranged a significantly reduced room rate of $199.00 (plus tax) per night for a standard room (single or double occupancy). A select number of hotel rooms are available from August 7-12, 2017 at the reduced rate if reservations are made before July 13, 2017. 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 612-375-1700 and reference CDFA Summer School.
This course will be offered at CDFA Summer School. 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 Minneapolis, MN 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 July 14, 2017 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 each course is displayed below. Click the Register button to view the total fees and discounts available for CDFA Summer School.
|Early-Bird Registration||Standard Registration|