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Fundamentals of Economic Development Finance Course
August 7, 2017
Minneapolis, MN

Alaska Industrial Development and Export AuthorityBaker Tilly Virchow KrauseBallard Spahr LLPBNY MellonBricker & Eckler LLPBryan Cave LLPBusiness OregonCohnReznickFBT Project Finance Advisors LLCFrost Brown Todd, LLCHawkins Delafield & Wood LLPIce Miller LLPKeyBanc Capital MarketsKutak Rock LLPMB Financial Bank, NAMcCarter & English, LLPMcGuireWoodsMiles & Stockbridge P.C.NW Financial Group, LLCSB Friedman Development AdvisorsSquire Patton BoggsStern Brothers & Co.Stifel NicolausU.S. BankWells Fargo SecuritiesWilmington TrustZ. The Bond Buyer

-Overview

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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
Monday
August 7, 2017
Tuesday & Wednesday
August 8-9, 2017
Thursday & Friday
August 10-11, 2017


Register

Course Objectives

  • 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

Topics Covered

  • 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
  • Attorneys
  • Accountants
  • Financial Advisors
  • Policy Makers

Course Advisor

Toby Rittner Toby Rittner
Council of Development Finance Agencies
President & CEO
Toby Rittner is the President & CEO of Council of Development Finance Agencies (CDFA). CDFA is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation’s leading and most... (More)

-Agenda

Monday August 07, 2017

Mon 07:30 AM - 08:30 AM
Breakfast & Registration
Mon 08:30 AM - 09:00 AM
Welcome & Overview
Welcome participants, introduce CDFA and set the stage for the course.
Speaker(s)
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Mon 09:00 AM - 10:00 AM
    Understanding Development Finance & the Toolbox 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.
    Speaker(s)
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Mon 10:00 AM - 10:15 AM
    Break
    Mon 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.
    Speaker(s)
  • Rich Frampton, Executive Vice President, Illinois Finance Authority
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Bob R. Swanger, Managing Director, Stern Brothers & Co.
  • Mon 12:00 PM - 01:30 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.
    Speaker(s)
  • Price Finley, Partner, Bricker & Eckler LLP
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Mon 01:30 PM - 02:30 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.
    Speaker(s)
  • Dick Davies, Partner, CohnReznick LLP
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Mon 02:30 PM - 02:45 PM
    Break
    Mon 02:45 PM - 03:30 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.
    Speaker(s)
  • Bob Isaacson, Executive Director, Minnesota Department of Employment and Economic Development
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Mon 03:30 PM - 04:00 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.
    Speaker(s)
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Mon 04:00 PM - 05:00 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. 
    Speaker(s)
  • Bob Isaacson, Executive Director, Minnesota Department of Employment and Economic Development
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • -Location


    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
    Phone: 612-375-1700

    >>>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.

    -Registration

    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.

    CDFA has been approved to offer 7 Minnesota CLE credit hours for the Fundamental of Economic Development Finance Course by the Minnesota Board of Continuing Legal Education.

    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 Rates
    (Ends July 15)
    CDFA Member: $350
    Non-Member: $500
    Standard Rates
    (After July 15)
    CDFA Member: $400
    Non-Member: $550


    Register