Experience working in a local government.
This seminar is designed for finance directors, assistant finance directors, and other financial staff who work on or will work on economic development projects.
Given that increasing the tax base and attracting jobs are high priorities for most local governments, finance officers need to speak the language of economic development. Even though most government finance professionals are not trained in this area, they are frequently being called upon to evaluate economic development projects. This seminar will provide finance officers with the basic knowledge and skills they need to effectively participate in economic development activities. Case studies and group discussion will be used throughout the course.
- Understand the role of the finance officer in economic development best practice as recommended by the GFOA Committee on Economic Development and Capital Planning
- Identify common economic development tools and incentives used by local governments
- Identify various participants in economic development and understand their roles
- Evaluate strategies for basic economic development and impacts of subsidies
- Assess financial and risk aspects of incentives
- Analyze term sheets and development agreements
- Evaluate pro formas
- Measure and monitor economic development projects
- Examine accountability and strategy issues