Economic Development Finance (ED101)
This is the the first course in the EDFP Certification Program™ from the National Development Council, hosted by MEDA.
April 29, 2019 - May 3, 2019
Description: Participants in ED101 gain a solid understanding of both the basic tools and newest techniques used by successful economic development finance practitioners to assist small businesses and create jobs. The course explores economic development activities as part of a community’s overall economic development finance strategy and investigates the financing resources available for job creation projects. Participants analyze and structure economic development projects for small and medium-sized businesses as well as commercial real estate developments utilizing incentive financing packages.
Specific topics include:
Economic Development Finance Overview
- Financing gaps in the private capital markets
- Underwriting practices of private sector lenders
- Plugging the gaps with economic development financing incentives
- Implementing financing programs through an economic development system
Business Credit Analysis
- Financial statement spreading and analysis
- Quality indicators and ratio analysis
- Calculating debt service
Fixed Asset Financing
- Measuring repayment ability
- Structuring incentive financing
Real Estate Finance
- Developer’s pro forma income and expense statement
- Measuring return on investment
- Calculating the financing gap
Economic Development Finance Programs
- SBA 504 and 7(a)
- HUD CDBG and 108
- New Markets Tax Credits
- Revolving loan funds and interim financing
- Loan packaging procedures
MEDA Members: $1,275/Non-Members: $1,375
East Lansing Marriott at University Place
300 M. A. C. Ave.
East Lansing, MI 48823
For a group rate of $159++ per night at the East Lansing Marriott at University Place, make your reseravtions by 4/1/19. Click here for a reservation link.