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Fundamentals of Economic Development Finance WebCourse
January 25-26, 2017
Daily: 12-5 pm Eastern

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

The Fundamentals of Economic Development Finance WebCourse 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 qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Complete three courses and you will fulfill half of the requirement for the DFCP Program. Start down the road to personal and professional advancement today.

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

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. Please note that all times are based in the eastern time zone.

DAY ONE

12:00 – 12:15 pm Welcome & Overview

Welcome participants, introduce CDFA and set the state for the course.

Speaker
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

12:15 – 1:00 pm 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
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

1:00 – 3:00 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.

Speakers
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

Rich Frampton
Vice President
Illinois Finance Authority

Arthur Cohen
Partner
Hawkins Delafield & Wood LLP

Bob Swanger
Managing Director
Stern Brothers & Co.

3:00 – 3:15 pm Break

3:15 – 5:00 pm 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, special assessment districts, and tax abatements as well as how they can be used to meet economic development goals and objectives.

Speakers
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

David Misky
Assistant Executive Director
Redevelopment Authority of the City of Milwaukee

Price Finley
Partner
Bricker & Eckler LLP

5:00 pm Adjourn

DAY TWO

12:00 – 2:00 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
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

Michael Buker
Partner
Ice Miller LLP

Ricahrd Davies
Partner
CohnReznick LLP

2:00 – 2:15 pm Break

2:15 – 3:45 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
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

Sally Garand
Commercial Loan Officer
Finance Authority of Maine

Bob Issacson
Director
Minnesota Department of Employment and Economic Development

3:45 – 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

Speaker
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

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.

Speakers
Toby Rittner, Course Advisor
President & CEO
Council of Development Finance Agencies

Reid Dulberger
President & CEO
Economic Development Growth Engine for Memphis/Shelby County

Maureen Hassett
Senior Vice President
New Jersey Economic Development Authority

-Location


The Fundamentals Economic Development Finance WebCourse will take place on the web through GoToWebinar, an online distance learning software. The course will meet each day on January 25-26, 2017 from 12:00-5:00 pm (Eastern). You must have access to a computer and phone to attend the WebCourse.

-Registration

The Fundamentals of Economic Development Finance WebCourse qualifies for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Start down the road to personal and professional advancement today.

CDFA permits only one person to login and participate in the course. If multiple people are accessing the course without paying to attend, we will terminate your connection and access to GoToWebinar. CDFA offers group discounts for organizations that wish to register multiple people.

Register by January 13, 2017 for Early-Bird Rates
Early Bird Rates
(Ends January 13)
CDFA Member: $550
Non-Member: $825
Standard Rates
(After January 13)
CDFA Member: $600
Non-Member: $875


Register