CDFA // BNY Mellon Development Finance Webcast Series: Bond Financing for Disaster Response
When significant portions of the economy are shut down due to a disaster, vital public infrastructure and essential facilities like manufacturing plants become uniquely valuable because they are key economic drivers. There are lessons to be learned from bond financing mechanisms being used to finance essential infrastructure and facilities in areas prone to hurricanes, wildfires, and other natural disasters. The ability for manufacturers to rapidly scale-up the production of personal protective equipment, medical supplies, test kits, and ventilators during the pandemic has been well-documented, and Industrial Development Bonds are an option for financing such facilities. Similarly, TIF bond structures are an option for storage facilities that play a role in recovery. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we looked at how bonds act as a resilient economic driver by financing the critical facilities and infrastructure that stabilize local economies during and after crises.
To view presentation (without audio)
click here.
Speakers:
Troy Pitman, Moderator
Vice President, Relationship Manager
The Bank of New York Mellon - Corporate Trust
Emily Metzler
Senior Vice President
MuniCap, Inc.
Jim Parks
President and Chief Executive Officer
Louisiana Public Facilities Authority
Frank Canning
Vice President
MassDevelopment
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