Economic development finance. ([2012?])

• Record Type: Book
• Further Information: Note: Karl F. Seidman.
• Authors: Seidman, Karl F
• Contents: Part One Introduction; Chapter One Capital Availability and Economic Development; The Growing Field of Economic Development Finance; The Purpose and Design of This Book; The Role of Finance in the Economic Development Process; Capital Availability and Capital Market Imperfections; CAPITAL MARKET OPERATIONS, MARKET IMPERFECTIONS AND CAPITAL SUPPLY GAPS; Capital Market Imperfections and Their Implications for Economic Development Finance; A Framework for Expanding Capital Availability; Part Two The Basics of Business Finance; Chapter Two Financing Business Enterprises: The Role of Equity and Debt; Defining Debt and Equity; COMPARING EQUITY AND DEBT CAPITAL / KEY TERMS AND ISSUES IN EQUITY AND DEBT FINANCING / HYBRID FINANCING; Financing and the Stages of Firm Development; DATA ON SMALL BUSINESS CAPITAL SOURCES; The Use of Equity and Debt in Hypothetical Firms; Chapter Three An Introduction to Business Financial Statements; Accounting Concepts and Accrual Accounting; Financial Statements: The Balance Sheet; WHAT DO WE LEARN FROM THE BALANCE SHEET?; Financial Statements: The Income Statement; WHAT DO WE LEARN FROM THE INCOME STATEMENT?; Connecting the Balance Sheet and Income Statement; Chapter Four Analyzing Business Financial Statements; A Framework For Firm Evaluation; ASSESSING ECONOMIC DEVELOPMENT BENEFITS / BUSINESS PLAN EVALUATION / ANALYZING FINANCIAL CONDITION AND PERFORMANCE / FINANCIAL PROJECTIONS; Cash Flow Analysis; CONSTRUCTING A CASH FLOW STATEMENT / CASH FLOW ANALYSIS FOR CRYSTAL CLEAR WINDOW COMPANY / DETERMINING DEBT SERVICE COVERAGE; Ratio Analysis; PROFITABILITY AND OPERATING RESULTS / SHORT TERM LIQUIDITY AND CASH NEEDS / CAPITAL STRUCTURE AND DEBT CAPACITY /; Beyond Ratio Analysis; The Final Test: Preparing and Evaluating Financial Projections; Chapter Five Working Capital Finance; The Importance of Working Capital Finance; THREE MEANINGS OF WORKING CAPITAL / BUSINESS USES OF WORKING CAPITAL / PERMANENT AND CYCLICAL WORKING CAPITAL Forms of Working Capital Financing; LINE OF CREDIT / ACCOUNTS RECEIVABLE FINANCING / FACTORING / INVENTORY FINANCING / TERM LOAN; Sources of Working Capital for Small Businesses; Underwriting Issues in Working Capital Financing; Underwriting Issues in Working Capital Financing Case Study: Crystal Clear Window Company Underwriting Issues in Working Capital Financing Case Study: Crystal Clear Window Company Case Study: Crystal Clear Window Company; Chapter Six Fixed Asset Financing; Fixed Assets and Business Operations; Differences Between Fixed Asset and Working Capital Finance; IMPLICATIONS FOR FIRMS / IMPLICATIONS FOR LENDERS; Fixed Asset Debt Instruments; TERM LOANS / MORTGAGE LOANS / LEASEHOLD IMPROVEMENT LOANS / LEASING /; Sources of Fixed Asset Financing; FIXED ASSET FINANCING GAPS; Case Study: Phoenix Forge; Chapter Seven Real Estate Finance; The Real Estate Development and Finance Process; PREDEVELOPMENT PHASE / CONSTRUCTION AND DEVELOPMENT PHASE / OCCUPANCY AND MANAGEMENT PHASE / FINANCING PROCESS; Real Estate Financial Statements; DEVELOPMENT BUDGET / OPERATING PRO-FORMA / DETERMINING SUPPORTABLE DEBT AND EQUITY; Real Estate Debt Instruments; PRE-DEVELOPMENT FINANCING / CONSTRUCTION LOANS / PERMANENT MORTGAGE LOANS / MINI-PERM LOANS / BRIDGE LOANS / UNDERWRITING REAL ESTATE DEBT; Sources of Real Estate Financing and Capital Availability Problems Sources of Real Estate Financing and Capital Availability Problems v; FINANCING GAPS FOR DEVELOPMENT PROJECTS; Case Study: City Plaza; Part Three Policies To Perfect Private Capital Markets; Chapter Eight Loan Guarantee Programs; Loan Guarantees and Capital Availability; THE MYRIAD FORMS OF GUARANTEES / ADVANTAGES AND DISADVANTAGES OF GUARANTEES /; Small Business Administration 7(a) Program; State Loan Guarantee Programs; Capital Access Programs; Issues in the Design and Management of Guarantee Programs; GUARANTEE PROGRAM POLICY LEVERS / PROGRAM CHALLENGES AND BEST PRACTICES; Case Study: Massachusetts Emerging Technology Fund; Chapter Nine Bank Regulations And Development Banks; The Critical Role of Banks in Economic Development Finance; The Community Reinvestment Act; HISTORY AND OVERVIEW OF THE COMMUNITY REINVESTMENT ACT / USING CRA TO EXPAND CAPITAL AVAILABILITY / CRA'S IMPACT ON BANK LENDING / NEW CHALLENGES FOR THE COMMUNITY REINVESTMENT ACT / COMMUNITY REINVESMENT AND THE INSURANCE INDUSTRY; Bank Community Development Corporations; BANK CDC REGULATIONS / BANK CDC EXPERIENCE; Commercial Banks as Development Finance Institutions; CHALLENGES TO CREATING AND OPERATING A COMMERCIAL BANK / SPECIAL OPERATING REQUIREMENTS /; Case Study: Wilmington CRA Campaign; Part Four Institutional Models for Economic Development Finance; Chapter Ten Revolving Loans Funds; The Revolving Loan Fund Model; Revolving Loan Funds Characteristics and Performance; RLF CHARACTERISTICS / RLF PERFORMANCE; Design Issues for Revolving Loan Funds; TARGETING POLICY / FINANCIAL POLICIES / CAPITAL POLICIES / UNDERWRITING CRITERIA / DEVELOPMENT SERVICES / RELATIONSHIP BUILDING POLICIES; Management Challenges and Best Practices; BEST PRACTICES IN RLF MANAGEMENT; Chapter Eleven Venture Capital and Equity Investment Funds; The Private Venture Capital Industry; FUNDRAISING / INVESTING / EXITING INVESTMENTS / IMPLICATIONS FOR DEVELOPMENT FINANCE; The SBIC and SSBIC Programs; State Government Venture Capital Policy; Community Development Venture Capital; INDUSTY PROFILE / INDUSTRY TRENDS AND CHALLENGES; Addressing Venture Capital Challenges; STRATEGY CHALLENGES / OPERATING CHALLENGES / CAPITALIZATION CHALLENGES; Chapter Twelve Community-Based Financial Institutions; Community Development Loan Funds; CDLF CHARACTERISTICS / CDLF FINANCING ROLES / CDLF OPERATING CHALLENGES AND NEEDS /; Community Development Credit Unions; CDCU CHARACTERISTICS / CDCU LENDING AND DEVELOPMENT ROLES / CDCU OPERATING CHALLENGES AND NEEDS; Chapter Thirteen Microenterprise Finance; Three Models of Microenterprise Finance; PEER GROUP LENDING / INDIVIDUAL LENDING MODEL / TRAINING-LED MODEL; An Overview of the US Industry and Its Performance; PROGRAM PERFORMANCE / PROGRAM OUTCOMES / THE ECONOMIC DEVELOPMENT ROLE OF MICROENTEPRISE DEVELOPMENT; Design Issues and Management Challenges; Best Practices in Microenterprise Finance Development; MARKETING / TRAINING / TECHNICAL ASSISTANCE SERVICES; Case Study: Lawrence Working Capital; Part Five Federal and Municipal Government Finance Tools; Chapter Fourteen Federal Economic Development Programs; The Uses of Federal Economic Development Programs; Small Business Development Administration; PROGRAMS DELIVERED BY BANKS AND FINANCIAL INSTITUTIONS / PROGRAMS DELIVERED THROUGH SBA-APPROVED INTERMEDIARIES /; Department of Housing and Urban Development; COMMUNITY DEVELOPMENT BLOCK GRANTS / SECTION 108 PROGRAM / ECONOMIC DEVELOPMENT INITIATIVE; Community Development Financial Institution (CDFI) Fund; CDFI CERTIFICATION / CORE/INTEMEDIARY PROGRAM / SMALL AND EMERGING CDFI ASSISTANCE (SECA) PROGRAM / NATIVE AMERICAN CDFI TECHNICAL ASSISTANCE PROGRAM / NEW MARKET TAX CREDIT PROGRAM. ; Economic Development Administration; PLANNING GRANTS / LOCAL TECHNICAL ASSISTANCE GRANTS / PUBLIC WORKS AND ECONOMIC DEVELOPMENT PROGRAM / ECONOMIC ADJUSTMENT ASSISTANCE PROGRAM / FUNDING PROCESS; Health and Human Services; Case Study: Financing an Inner-City Supermarket; Chapter Fifteen Municipal Finance Tools; An Overview of Municipal Debt; Economic Development Uses of Municipal Debt; Industrial Development Bonds; IDB CASE STUDY: NEW BOSTON SEAFOOD CENTER; Tax-Increment Financing; THE TAX INCREMENT FINANCING PROCESS / ECONOMIC DEVELOPMENT USES OF TIF / ISSUES IN TIF DEBT FINANCING /; Assessment District Financing and Business Improvement Districts; BUSINESS IMPROVEMENT DISTRICTS; Case Study: Downtown Orlando TIF District; Part Six Managing Development Finance Institutions; Chapter Sixteen Program Planning and Design; Defining Development Goals and Targeting Strategy; GROWTH FUND EXAMPLE; Assessing Demand&
• Publisher Details: Thousand Oaks : SAGE Publications, Inc
• Publication Date: 2012
• Copyright Date: 2005
• Extent: 1 online resource (xxiv, 493 pages), illustrations
• Subjects: 338.43; Economic development -- Finance; Business enterprises -- United States -- Finance; Real property -- United States -- Finance
• Languages: English
• ISBNs: 9781452261966; 1452261962
• Related ISBNs: 0761927093
• Notes: Note: Includes bibliographical references and index.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.