The Development Finance Toolbox
A survey of financing tools for community and economic development
North Carolina communities can select from a wide array of financing tools in their efforts to attract and grow businesses, improve real estate, and build community assets. In order to select the right financing approach for your development project, it helps to understand the options.
This one-day session will include discussions of municipal and private activity bonds, tax increment financing (also known as TIF or project development financing), tax credit financing and New Markets Tax Credits, business improvement districts, revolving loan funds, and other mechanisms for providing businesses with greater access to capital. Participants will learn the basics of these mechanisms and discuss examples of their application in North Carolina communities. North Carolina law and policy will be the primary focus of the course; we will also be joined by a representative from the Council of Development Finance Agencies to provide a national perspective.
Attendees
| This course is designed for public officials, community and economic development professionals, and advocates seeking a greater understanding of the options available in the development finance toolbox. |
Duration
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1 day 8:00AM-4:30PM |
Site Information
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The course will be held at the School of Government in Chapel Hill. For overnight accommodations, a block of rooms has been reserved at the following hotels:
- Hampton Inn & Suites, 919.403.8700 ($84 plus tax)
- Holiday Inn Express, 919.489.7555 ($78 plus tax)
When making a reservation, please use this group code: FIN.
The cut-off date for the special rate at each hotel is January 18. |
course Materials
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Course materials will be provided to attendees upon arrival.
Topics covered will be the following:
- The Basics of Bonds
- Targeted Financing Tools – Tax Increment Financing (Self-Financing Bonds), Brownfields, Business Improvement Districts, and Special Districts
- Investment Catalyst Tools – Tax Credits, Abatements, and Incentives
- Access to Capital and Beyond – Revolving Loan Funds, Mezzanine and Guarantees
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Prerequisites
| There are no prerequisites for this course. This course is an appropriate follow-up to all existing Community and Economic Development courses offered by the School of Government. This includes the Community Development Academy, Essentials of Economic Development, and the Basic Economic Development Course. |
Teaching Methods
| Lecture, case studies, and group work |
Faculty Coordinator
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Tyler Mulligan |
| co-sponsor |
Council of Development Finance Agencies |
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