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Opportunity Zones: Maximizing Impact in Your Community
September 5-6, 2018
Washington, DC

-Overview


Opportunity Zones: Maximizing Impact in Your Community
in conjunction with
Beeck Center


Support provided by
CohnReznick


With the passage of the Tax Cuts and Jobs Act, Opportunity Zones have emerged as a transformative federal economic development tool that could improve the outcomes of distressed communities around the country. Now that all Opportunity Zones have been designated and Opportunity Funds are beginning to form, CDFA and the Beeck Center for Social Impact & Innovation have partnered together to educate both states and local agencies on how to effectively navigate Opportunity Zones and use this tax incentive to spur investment in low-income areas. CDFA is leading the industry with resources and information on Opportunity Zones, and we encourage you to visit our Opportunity Zones Resource Center to learn more.

Join us in Washington, DC on September 5-6 for a timely event on Opportunity Zones. CDFA and the Beeck Center for Social Impact & Innovation are bringing together local communities, policy makers, and investors to discuss how to maximize the Opportunity Zones designations in low-income communities. National experts will be on hand for panel discussions, presentations, and workshops focused on how your community can take advantage of its Opportunity Zone designations, and how it can build strategies for identifying and working with Opportunity Fund investors.

Opportunity Zones: Maximizing Impact in Your Community will take place at Georgetown University at the Fisher Colloquium. Space is limited, and we encourage you to register today to secure your seat!

-Agenda

Opportunity Zones: Maximizing Impact in Your Community Agenda

Wednesday, September 5, 2018

Wed 8:00 AM - 9:00 AM
Registration & Breakfast
Welcome to the Beeck Center for Impact & Innovation and the CDFA Opportunity Zones: Maximizing Impact in Your Community conference. Check in at the registration desk to receive your name badge and conference materials. Enjoy a quick continental breakfast before the first speakers begin.
Wed 9:00 AM - 9:30 AM
Welcome & Opening Remarks
Leadership from CDFA and the Beeck Center will welcome participants and introduce speakers who will set the stage for the conference. The first day of Opportunity Zones: Maximizing Impact in Your Community will focus on the local perspective and driving impact.
Speaker(s)
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
  • Sonal Shah, Executive Director, Beeck Center for Social Impact + Innovation at Georgetown University
Wed 9:30 AM - 10:30 AM
The Latest on Opportunity Zones
To kick off Opportunity Zones: Maximizing Impact in Your Community, this session will focus on the essential elements related to Opportunity Zones. Industry leaders will discuss best practices and policy approaches for Opportunity Zones and Opportunity Funds and the current state of play based on recent local developments.
Speaker(s)
  • Steve Glickman, Co-Founder & Chief Executive Officer, Economic Innovation Group
  • Katie Kramer, Vice President, Council of Development Finance Agencies
Wed 10:30 AM - 10:45 AM
Networking Break
Wed 10:45 AM - 12:00 PM
Where are Opportunity Zones - Perspectives from State and Local Agencies
Opportunity Zones have been designated in numerous distressed communities throughout the country. During this session, leaders of State and Local agencies will discuss the demographics of their Opportunity Zones and how they are aligning their designations with economic development and financing strategies. Participants will hear from different perspectives, including urban, suburban, and rural, and will learn about how Opportunity Zones strategies are taking shape across the country.
Speaker(s)
  • Eric Clement, Senior Vice President, New York City Economic Development Corporation
  • David Ebersole, Director, City of Cleveland
  • Jana Persky, Strategic Initiatives Manager, Colorado Office of Economic Development and International Trade
  • Kevin Peterson, Director of Economic Development, New Hampshire Community Development Finance Authority
Wed 12:00 PM - 1:15 PM
Lunch - Provided for Attendees
Wed 1:15 PM - 2:15 PM
Developing a Local Opportunity Zone Strategy
During this session, a panel of experts will walk through best practices in building an asset map and outreach plan when developing your community’s local Opportunity Zone strategy. This plan will also include business development and real estate strategies and outline how to identify potential investors given local opportunities.
Speaker(s)
Wed 2:15 PM - 2:30 PM
Networking Break
Wed 2:30 PM - 3:30 PM
Structuring Opportunity Zones for Economic and Social Impact
Opportunity Zones as a new economic development program are designed to spur investment in low-income areas. This session will discuss how communities can take advantage of their Opportunity Zone designations and build strategies for long-term, positive social and economic impacts.
Moderator(s)
  • Mark Newberg, Visiting Fellow at the Beeck Center, Director of Impact Strategies at Womble Bond Dickinson, Beeck Center for Social Impact + Innovation at Georgetown University
Speaker(s)
Wed 3:30 PM - 3:30 PM
Closing Remarks
Wed 4:30 PM - 6:00 PM
Reception
Sponsored by:
CohnReznick
Make plans to attend a special reception following Day 1 of Opportunity Zones: Maximizing Impact in Your Community. The reception is sponsored by CohnReznick LLP and will take place at 1310 Kitchen & Bar in the Georgetown Business Improvement District. Come network and engage with other development finance professionals from across the country.

Thursday, September 6, 2018

Thu 8:00 AM - 9:00 AM
Registration & Breakfast
Thu 9:00 AM - 9:30 AM
Keynote Address
Opportunity Zones have the potential to be a transformational tool to drive new investments to low income communities. Being mindful of the needs of the community and the support required beyond the capital investment is critical to realizing long-term sustainable growth in Opportunity Zones. We'll begin the day with a discussion about the promise of Opportunity Zones.
Moderator(s)
  • Toby Rittner, President & CEO, Council of Development Finance Agencies
Speaker(s)
  • Maurice A. Jones, President & Chief Executive Officer, Local Initiatives Support Corporation
Thu 9:30 AM - 10:30 PM
The Latest on Opportunity Funds
With the designation of Opportunity Zones, Opportunity Funds are beginning to form, providing a new incentive with the potential to place much-needed capital into distressed communities. Opportunity Funds are required to hold at least 90 percent of their assets in Opportunity Zone investments and they must follow specific requirements for when and how investments are made. This session will discuss how these funds will work in practice and analyze the latest available information regarding regulations and guidance with our expert panel.
Speaker(s)
Thu 10:30 AM - 10:45 AM
Networking Break
Thu 10:45 AM - 12:00 PM
Who are Opportunity Fund Investors
A variety of different investors are engaging in building Opportunity Funds, including banks and corporations, venture capitalists, impact investors, to name a few. Who are they and how can you engage them to consider investments in your community? During this session, a roundtable of investors will discuss their approaches, what motivates them, and the types of investments or assets they are considering in local Opportunity Zones.
Moderator(s)
  • Jennifer Collins, Fellow, Beeck Center for Social Impact + Innovation at Georgetown University
Speaker(s)
  • Kevin Boes, President & Chief Executive Officer, Local Initiatives Support Corporation
  • Vijar Kohli, Co-Founder and Portfolio Manager, Golden Door Asset Management
  • Steve R. Meier, Partner, Seyfarth Shaw LLP
  • Shekar Narasimhan, Managing Partner, Beekman Advisors
  • Rachel Reilly, Director, Impact Investing, Enterprise Community Partners
Thu 12:00 PM - 1:15 PM
Lunch & Brownfields Project Marketplace
As a special feature of this event, CDFA will hold a Brownfields Project Marketplace in coordination with the Brownfields Technical Assistance Program. Communities are invited to present their current brownfield redevelopment projects to interested audience members and advisors in exchange for recommendations on how Opportunity Funds and other financing tools can be used to support brownfields redevelopment in Opportunity Zones.

Click here to submit a deal for the CDFA Project Marketplace. Contact Emily Moser with any questions regarding the CDFA Brownfields Project Marketplace.
Moderator(s)
  • Emily Moser, Director, Research and Technical Assistance, Council of Development Finance Agencies
Speaker(s)
Thu 1:15 PM - 1:45 PM
How Do Equity Investments Work
Opportunity Funds must make their investments as equity and understanding the structure of these investments is critical to identifying the types of business or Opportunity Zone projects that would benefit. This basic introductory session will remind us how equity investments work, how they are different than debt, and prepare us for the final session of the day as we explore layering capital resources together for maximum Opportunity Zone engagement.
Speaker(s)
Thu 1:45 PM - 2:00 PM
Networking Break
Thu 2:00 PM - 3:30 PM
Development Finance Tools in Combination with Opportunity Zones
Opportunity Fund investments will need support from local and state development finance agencies to realize success. This session will explore how local communities can use their financing capacity alongside Opportunity Funds to drive investment into priority places. Fundamental tools like bonds, TIF and tax credits are just a few of the concepts that will help build the financing strategy for successful investments into Opportunity Zones. This session will feature several development finance agencies discussing their approaches to supporting the Opportunity Zones in their communities and how this work in combination with Opportunity Fund investments can achieve local economic development goals and plans.
Speaker(s)
  • Bennett Hilley, Assistant Director, U.S. Department of Housing and Urban Development
  • Rebecca Mitich, Partner, Husch Blackwell LLP
  • Beth Mullen, Partner, National Director - Affordable Housing Industry, CohnReznick LLP
Thu 3:30 PM - 3:30 PM
Adjourn

-Location

The Opportunity Zones: Maximizing Impact in Your Community Reception is sponsored by CohnReznick and will take place at 1310 Kitchen & Bar on Wednesday, September 5 from 4:30 to 6:00 pm.

1310 Kitchen & Bar
1310 Wisconsin Avenue NW
Washington, DC 20007

The Opportunity Zones: Maximizing Impact in Your Community Conference will take place at Georgetown University on September 5-6, 2018 from 8:00 am - 3:30 pm.

Georgetown University, Rafik B. Hariri Building
Fisher Colloquium
4th Floor
37th and O Street, NW
Washington, DC 20057
Phone: (202) 687-0100

>>>View Campus Map

Parking
Parking for all university visitors is available in the Southwest Garage, accessible via Canal Road NW. Visitors should use 3611 Canal Road NW as the address when mapping directions using GPS. This garage is cash only.

Hourly Parking Rate $5.00
Daily Parking Rate $22.00
Daily Parking (after 3:00pm) $14.00
Daily Parking (after 7:00pm) $8.00

Accommodations
CDFA has not secured a specific hotel room block for this event. However, many attendees qualify for either the federal or governmental rates at many Washington, DC hotels. Hotels are typically willing to honor this rate if requested. Suggested hotels include:

Holiday Inn Rosslyn @ Key Bridge
Address: 1900 N. Fort Myer Drive, Arlington, VA 22209
Phone: (703) 807-2000

Key Bridge Marriott
Address: 1401 Lee Highway, Arlington, VA 22209
Phone: (703) 524-6400

Georgetown University Hotel and Conference Center
Address: 3800 Reservoir Road NW, Washington, DC 20057
Phone: (202) 687-3200

If you have any problems securing a hotel, do not hesitate to contact CDFA.

-Registration

At this point, we have reached registration capacity for the Opportunity Zones: Maximizing Impact in Your Community conference. If you'd like to be placed on the wait list, please e-mail info@cdfa.net.

Host

Beeck Center for Social Impact and Innovation at Georgetown University

Reception Sponsor

CohnReznick