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X <br />x <br />ED101-Economic Development Finance <br />Participants in ED101, the first course in the EDFP Certification ProgramTM, gain a solid understanding of both the <br />basic tools and newest techniques used by successful economic development finance practitioners to assist small <br />businesses and create jobs. The course explores economic development activities as part of a community's <br />overall economic development finance strategy and investigates the financing resources available for job creation <br />projects. Participants analyze and structure economic development projects for small and medium-sized <br />businesses as well as commercial real estate developments utilizing incentive financing packages. Specific topics <br />include: <br />• Economic Development Finance Overview <br />o Financing gaps in the private capital markets <br />o Underwriting practices of private sector lenders <br />o Plugging the gaps with economic development financing incentives <br />o Implementing financing programs through an economic development system <br />• Business Credit Analysis <br />o Financial statement spreading and analysis <br />o Quality indicators and ratio analysis <br />o Calculating debt service <br />• Fixed Asset Financing <br />o Measuring repayment ability <br />o Structuring incentive financing <br />• Real Estate Finance <br />o Developer's pro forma income and expense statement <br />o Measuring return on investment <br />o Calculating the financing gap <br />• Economic Development Finance Programs <br />o SBA 504 and 7(a) <br />o HUD CDBG and 108 <br />o New Markets Tax Credits <br />o Revolving loan funds and interim financing <br />o Loan packaging procedures <br />