This Webinar is now available on video for those who wish to see it. Available in Flash and WMV formats only. You will receive viewing information once payment is made.
The availability of dollars once accessible through popular economic development programs has steadily declined with each new budget cycle. As various funds have been exhausted or altogether dispensed of during this era of waning funding, economic developers have found themselves needing to be increasingly innovative in order to successfully carry out their entities’ missions. While innovation drives the economy of the commonwealth and nation as a whole, it is critical that industry professionals maintain a practical awareness and understanding of fundamental programs available to them outside of and unaffected by the budget cycle.
The primary goal of this program is to provide participants with an overview of key statutory programs, considered essential – but often overlooked – instruments in the economic developer’s toolbox. A complementary goal of this program is to introduce participants to new economic development tools which may only be available for a limited period of time, but which are designed to provide eligible projects with the funds needed to bring them to fruition. By gaining a fuller understanding, participants will be able to maximize the effectiveness of their leadership in their communities and regions.
Using examples of PA-based projects as illustrations, the tools explored in this session will include, but not be limited to:
- Tax Increment Financing (TIF)
- Neighborhood Improvement Districts
- Local Economic Revitalization Tax Assistance (LERTA)
- Small Issue Tax Exempt Manufacturing Bonds
- Other Current Tools (subject to change):
- Qualified Energy Conservation Bonds
- Funding Projects with Marcellus Impact Fees
No matter your level of experience in designing economic development packages for your clients, the aim of this program is to introduce you to and familiarize you with a variety of fundamental tools developed to help you get projects done in your community. Through participation in this program, you will increase your knowledge and be well positioned to evaluate your own practices with those of your peers, thereby improving your overall effectiveness as an economic developer. All economic development professionals whose responsibilities include working with clients or financing programs will benefit from this program.
Paul A. Lundeen is a senior partner in the municipal finance practice group of Rhoads & Sinon LLP where he has more than 35 years’ experience as bond counsel in connection with the financing of capital projects for the Commonwealth of Pennsylvania and for numerous of its counties, municipalities school districts, sewer and water authorities, industrial development authorities, and redevelopment authorities; for non-profit entities, including libraries, continuing care retirement communities, nursing homes, hospitals, and volunteer fire companies; and for various for-profit commercial and industrial entities. Mr. Lundeen’s experience includes working with the Local Economic Revitalization Tax Act (LERTA) and the Infrastructure and Facilities Improvement Program (IFIP) of the Commonwealth and serving as bond counsel or borrower’s counsel with respect to loans and grants through the Commonwealth of Pennsylvania’s PennVest and PennWorks programs and the United States Department of Agriculture’s Rural Housing Service and Rural Utility Service, as well as other governmental loan and grant programs.
Mr. Lundeen holds a Bachelor of Arts Degree with Highest Honors from the University of Delaware and he graduated magna cum laude from the Dickinson School of Law, where he served as Articles Editor of the Law Review. A past President of the Pennsylvania Association of Bond Lawyers, he has also served as a lecturer on financing topics for various organizations, including the Pennsylvania Bar Institute, the Pennsylvania Association of Bond Lawyers, the Pennsylvania Association of School Business Officials, the Pennsylvania Municipal Authorities Association, the Pennsylvania Association of Non-profit Homes for the Aged, the Pennsylvania State Association of Township Supervisors, and the Pennsylvania League of Cities and Municipalities.
Jonathan W. Cox is a lawyer in Rhoads & Sinon’s municipal finance practice group where he serves as bond counsel in connection with the financing of capital projects for municipalities, school districts and sewer and water authorities, as well as non-profit entities, including continuing care retirement communities, hospitals, colleges and fire and emergency medical service providers. Mr. Cox also assists clients with State and Federal funding programs, including those of PennVest, PEDFA, Commonwealth Financing Authority, PEMA and the U.S. Dept. of Agriculture Community Development and Rural Utilities Service.
Mr. Cox is a native of Central Pennsylvania: he grew up in Wellsboro, attended Dickinson College, where he graduated magna cum laude, and then the Dickinson School of Law, where he was a Dean’s Scholar and the recipient of several honors and awards for his academic performance. Prior to entering the practice of law, Mr. Cox obtained a variety of academic,
government and business experience teaching geology, consulting with the U.S. Geological Survey, and then planning and engineering fiber optic networks for an international telecommunications company.
Attention Certified Providers: This course is approved to provide 2.0 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.
This webinar is priced for participation by one individual. Additional interested parties should register separately.
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