Economic Development Finance Programs

AICP Certification Maintenance points: CM | 24
Date: April 10-12, 2013
Location: Washington, DC Metro Area

The core objective of this analytical course is to explain the financial tools used to stimulate private sector investment that results in the creation of permanent, private sector jobs, increased productivity and improvement in the local tax base. Specifically, the course will review current debt, equity, grant and incentive-based financing programs that are accessible to practitioners both rural and urban. Moreover, course participants will learn how to calculate debt/service ratios, cash on cash rate of return, capitalization rates, underwriting ratios, debt coverage ratios and similar financial tools used to identify project feasibility. Course instructors will also spend time teaching how potential investors measure return on investment (ROI) how lenders evaluate risk. Participants will have an opportunity to work through multiple case studies in order to solidify their knowledge of the finance programs.

Course Highlights:

• Learn how to help small businesses adjust the imbalance between cost and revenues
• Explore the fundamentals of reducing risk of default and foreclosure
• Understand credit risks - matching sources and uses of funds to lower monthly payment and strengthen cash flow position
• Review maturity risks - providing collateral substitution with guarantee of collateral cushion
• Evaluate Community Development Block Grants, Rural Business Enterprise Grants and Public Infrastructure Grants
• Revolving Loan Funds, Community Development Financial Institutions
• New Markets Tax Credits, Historic Preservation Tax Credits, Tax Increment Financing

Instructor:
Kevin Gremse
Director
National Development Council

Kevin Gremse is an economic development entrepreneur with two decades of experience in community economic development, particularly with real estate finance, affordable housing development, and small business development. Mr. Gremse has full working knowledge of financial underwriting for business credit, commercial real estate, and residential development. In addition, he is skilled in structuring creative financial packages that bridge the gap between public and private sector investment in distressed urban areas.

As Director at National Development Council, Mr. Gremse has coordinated and delivered a multi-disciplined set of economic and housing development services, including technical assistance, training, and financial services to public and private sector clients, consisting of municipal economic development offices, community development corporations, and national financial institutions.

Accommodations/Training Location:

The Westin Alexandria
400 Courthouse Square
Alexandria, VA 22314
Phone: (866) 837-4210
www.westinalexandria.com

IEDC Room Rate: $229 single/double
Cut-Off Date: March 20, 2013

This Training Course is Held in Conjunction with the 2013 Federal Economic Development Forum

Federal Economic Development Forum

Date: April 14-16, 2013
Location: Washington, DC Metro Area

The stage is set.

The actors: Congress, the White House, the Budget, the Great Recession, and you, the economic development professional.

The story: a challenge to leverage limited federal resources to create jobs and climb out from beneath the Great Recession.

The new economic stage has come in an era of fiscal austerity playing against a great need for a multi-faceted approach to job creation. Policies and programs that support exports, job training, education, attracting investment, access to capital, infrastructure development, and many more, all have a larger role to play and all have to play it with less funding or the threat of less funding. Now as we enter the second term of this administration and a new Congress has been elected, economic developers must get engaged with our leaders in Washington. Whether it is learning more about a federal program supporting increased foreign direct investment or it’s educating a senior administration official on the importance of workforce development programs, economic developers have a starring role to play on the new economic stage.

IEDC's 2013 Federal Economic Development Forum will equip you with the tools, skills, and contacts to make federal resources work for you. Register today for the Forum.