Preconference Session: The Essentials of Tax Increment Financing
This session is recognized by PEDA and by the Pennsylvania Economic Development Institute.
Download a registration form.
In an era of increasing uncertainty of funding sources for infrastructure and economic development at the state and federal levels, local economic development agencies are often left with inadequate resources to accommodate major job-creating projects. Tax increment financing is a unique financing tool that can be used to support economic development projects, mitigate impacts, build necessary infrastructure and leverage new investment. Creating a tax increment financing district in your community can provide the infrastructure necessary for growth and be a catalyst for job creation and community development. Communities throughout the state of Pennsylvania and across the United States have used TIF districts to improve infrastructure and create jobs through the establishment of these districts. TIF districts provide well-defined initiatives around which economic development organizations can build community support for economic development and job growth.
We have assembled a team of professionals who have, collectively, helped communities across Pennsylvania and the United States create tax increment financing districts that have generated hundreds of millions of dollars in support of economic development projects.
Our panel of distinguished professionals will provide an in-depth guide to tax increment financing and its applications. Some of the topics to be covered include:
- What can TIF Bond proceeds fund?
- Building community support and forming the coalition necessary to the creation of the TIF district
- The TIF plan and its preparation
- Underwriting considerations
- Structuring strategies
- Legal issues from inception to bond opinion
- Utility of special overlay districts
- Lessons learned
- Case Studies
Michael Kearney, President & CEO, Mullin and Lonergan
C. Peter Carlucci, Jr., Esq, Partner, Eckert Siemans Cherin and Mellott, LLC.
Joe Hogan, Consultant, Mullin and Lonergan
Register by October 20th to be included on the attendee list.
Attention Certified Providers: This course is approved to provide 3.00 organizational PDUs (Finance) as explained in the Guidelines for Certification of Economic Development Organizations issued by the Pennsylvania Department of Community and Economic Development and in the Institute’s Policies and Procedures.
*Note: We reserve the right to reschedule or cancel this offering. In the event of a cancellation, a refund will be provided to registrants.