6.3 EDSR 09-16-2013 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
Attachments
• Cost Outline
• Class Description
N:\Departments\Community Development\Economic Development\EDA\Adminstrative\Agenda\Agenda\Year2013\9-16-2013\6.3-sr NDC
Training.docxoocumentl
NDC Costs Outline-Real Estate Finance Course
Tuition: $1250, early registration, $1125, transfer from Clay to Brian
Hotel: $1,185 regular price for five days, $107 per night at NDC rate $535, plus tax &fees,
approx. $615
Travel: Airline ticket $970, mileage $57, parking$80, Sub Total: $1,107
TOTAL ESTIMATED COST: $2,847
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Details
begins Monday, November 18, 2013
meets on:
Monday, 08:30 AM -05:00 PM
Tuesday, 08:30 AM -05:00 PM
Wednesday, 08:30 AM -05:00 PM
Thursday, 08:30 AM -05:00 PM
Friday, 08:30 AM -05:00 PM