6.3 EDSR 09-16-2013 - Laserfiche WebLink

Home Browse Search

E Request for Action River To Item Number Economic Development Authority 6.3 Agenda Section Meeting Date Prepared by General Business September 16, 2013 Brian Beeman, Director of Economic Development Item Description Reviewed by Authorize Brian Beeman,Director of Economic Jeremy Barnhart,Deputy Director, CODD Development to attend a National Development Reviewed by Council Training Course. Action Requested Authorize Brian Beeman,Director of Economic Development to attend a National Development Council Training Course. Background/Discussion On February 11, 2013, the EDA authorized Assistant Director of EDD to attend one of 4 NDC training courses in Philadelphia, authorizing the expenditure of$5,804. With the departure of the Assistant director, the tuition already paid can be transferred to the Director but not refunded. Staff proposes the Director attend the Real estate finance training November 18-22 in Nashville TN. The National Development Council (NDC) offers intense,rigorous courses focused on finance for economic development professionals. Each course covers as many hours as an average college class,and culminates in a final examination. Courses teach crucial economic development finance skills. The course is part of a four-course Economic Development Finance Professional certification. Information about the course is attached. Economic development finance is an essential function of the Director's position. Job duties such as administering the micro-loan fund, assisting prospective clients through the development process and marketing financing programs all rely heavily on knowledge of economic development financing. The NDC coursework will help Mr. Beeman establish a better understanding of all of these topics. November 18 is a regularly scheduled EDA meeting. Mr. Beeman will prepare the agenda packet and appoint a staff person to fill in for the meeting. Mr. Beeman will be available for before or after the NDC training to answer any questions from the EDA meeting. Following the completion of this course, the National Development Council requires two more courses in order to certify Mr. Beeman as an Economic Development Finance Professional. Financial Impact On February 11, 2013 the EDA authorized Clay Wilfahrt,Assistant Director of Economic Development to attend two NDC courses for the amount of$5,804.The tuition has already been paid.Additional costs incurred from airline tickets, hotel,food,travel,and parking is estimated at$1,722. lilitite i T NAME