Effective Economic Development Agreements

APA Illinois Chapter

#9133573

Wednesday, September 13, 2017
11 a.m. - 12:15 p.m. CDT

CM | 1.25

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Overview

There are many approaches that can be taken by municipalities when entering into economic development agreements with developers.  Often, municipal planners find themselves negotiating economic development agreements for important projects that help implement the vision they created for the community.  But what are effective techniques for entering into agreements?  How does the community know when requested financial incentives are really required?  When a city provides financial incentives, they essentially become a partner in the development.  What types of agreements are best for protecting the long-term interest of the community?  In this session, attendees will hear from municipal planners who will share their experiences negotiating and drafting economic development agreements.  In particular, economic development agreements that included financial incentives.  Presenters will provide case studies, lessons learned and share insight on effective economic development and incentive tools that provide the best opportunity for success.  This session will provide practical experiences that planners will be able to use in their own communities.

 

This session is not intended to place a heavy emphasis on financial analysis methods but rather the policy decisions that go into deciding how/when to provide financial incentives and how they can best be structured in economic development agreements.  The session will provide these lessons through case studies from each community.  This makes for a more interesting presentation and provides examples that attendees can more readily identify with.

Speakers

Robert Kowalski, AICP

Rob Kowalski, AICP Rob is the Assistant Director of the Planning and Development Department for the City of Champaign. He has twenty one years of municipal planning experience in both Illinois and Kentucky. He has extensive experience in comprehensive planning, zoning and is currently leading negotiations for several key redevelopment ... Read More

Fran Lefor Rood, AICP

Senior Vice President at SB Friedman Development Advisors University of Illinois at Chicago Read More

Contact Info

Trevor Dick, trevordick77@gmail.com