Development Finance Toolbox

A survey of local government financing tools for community and economic development

How do local governments use public-private partnerships for development? What finance tools are available to local governments to revitalize Main Street? 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 approach for your development project, it helps to understand the options. Participants in this course will learn the basics of development finance tools used by North Carolina local governments to achieve their community and economic development goals. The registration fee includes a pre-course workshop on the morning of Day 1 designed to teach you basics of calculating an estimated return on investment and different ways of thinking about debt and equity, so you can heighten your intuition about worthwhile projects.

Program Topics:

  • NEW Opportunity Zones and the Local Government Role

  • Federal financing programs and tax credit financing

  • Local government capital financing

  • Tax increment financing (TIF) and synthetic TIF

  • Business improvement districts

  • Attracting private investment to Main Street

  • Public-Private Partnerships for Redevelopment

  • Pre-course workshop: Fundamentals of Developer Real Estate Financing
     
    The pre-course workshop (held on the first morning of the course) is included in the registration fee. The workshop content is designed specifically to help you learn basics of calculating an estimated return on investment and different ways of thinking about debt and equity, so you can heighten your intuition about worthwhile projects. The workshop lays the foundation for the rest of the course, so attendance is strongly encouraged.

The North Carolina Association of County Commissioners provides cost offsets for county elected officials to attend LELA courses. For information on this discount click here.

Local Government Federal Credit Union offers scholarships to local government employees to apply toward tuition for conferences, classes, and seminars offered by the School of Government. There are four deadlines to submit applications:

  • March 1 (for courses starting between April 1 and June 30)
  • June 1 (for courses starting between July 1 and September 30)
  • September 1 (for courses starting between October 1 and December 31)
  • December 1 (for courses starting between January 1 and March 31)

Thanks to the generous support of Duke Energy, a limited number of partial scholarships will be awarded to managers who attend the entirety of the Development Finance Toolbox program together with an elected official from the same jurisdiction.

Additional information

Attendees: Elected officials; city and county managers, assistant managers, and clerks; and community and economic development professionals seeking a greater understanding of the development finance options available to North Carolina local governments.

 

 

 

This course is applicable for a total of 14.5 AICP Credit Hours

Total1.50 hrs
CEU14.50 hrs
There currently are no scheduled offerings of this course.

An excellent resource is the School of Government text, Introduction to Local Government Finance. Reading the following chapters authored by Norma Houston, Kara Millonzi, and Tyler Mulligan will be helpful to attendees but is not required: Chapters 1, 4, 7, 10, and 14. The 4th edition of the book was released in August 2018 and can be purchased here: Introduction to Local Government Finance, 4th Ed.

This multi-authored book provides an overview of the financial management laws and practices applicable to local governments and public authorities in North Carolina.

  

AGENDA: 

December 2019 Agenda

Pat Thomson discussed Community Development Block Grants (CDBG) and the difference between entitlement communities and small cities. In North Carolina, the Department of Commerce is the primary agency responsible for distributing CDBG to small cities. Please see the below 2019 REDD Annual Report for an overview of Commerce programs and see the last page for a list of contacts for various state development programs. (We were fortunate to have an attendee from the Rural Economic Development Division of the Department of Commerce who brought this to our attention.)

For all registration questions, resetting passwords, or login issues please contact:

Dale Zuckert

Assistant Registrar, Registration and Client Services Group
919.966.4414
For questions regarding course details, including location, schedule, materials, and continuing education credits, please contact:

Alycia Inserra

Program Management Team Lead, Local and State Government Group
919.843.7736
Tyler Mulligan
Professor of Public Law and Government