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CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net

CDFA Reshored Manufacturing Webinar Series

The Broadcast will begin at 2:00pm (EST).

While you’re waiting, check out some upcoming CDFA events…


Welcome

Toby RittnerPresident & CEOCouncil of Development Finance AgenciesColumbus, OH


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Submit your questions to the panelists here.


Click the button with the yellow hand to “Raise Your Hand”

Technical Questions?Contact CDFA at 614-224-1300


Overview: February 13, 2013All times are in Eastern Standard Time (EST)

2:15 – 3:00 pm Introduction & Understanding Reshored Manufacturing

3:00 – 3:20 pm Supporting Reshoring & Preventing Offshoring

3:20 – 3:45 pm Spotlight: Reshoring Leading by Example

3:45 – 4:00 pm An Early Look at the Financing Tools Supporting Reshored Manufacturing


Harry MoserFounderReshoring InitiativeKideer, IL

Understanding Reshored Manufacturing

Reshored Manufacturing:

Introduction & Understanding

Harry Moser

President

Reshoring Initiative

CDFA Webinar

2/13/13

To Offshore or Reshore:

How to Objectively Decide

Definitions

Reshoring/Backshoring/Onshoring/Insourcing:

Bringing back manufacture of products that will

be sold or assembled here.

Transplants are essentially reshoring.

Producing near the consumer!

Geographic sourcing alternatives

The concept also works in other countries

Flawed company economic model

60% of manufacturers:

Apply “rudimentary” total cost models

Ignore 20% or more of the total cost of

offshored products

Source: Archstone Consulting survey, American Machinist Mag., 7/16/09

“Manufacturing Is Expected to Return to America”

“Renaissance in Manufacturing”

“We expect net labor costs for

manufacturing in China and the U.S. to

converge by around 2015” “take a hard look at the total costs”

Source: Boston Consulting Group press release 5/11 & 4/12

Source: Michelle D. Loyalka, 2/17/12 NYT

Chinese no longer ”just thankful not to go hungry.”

The Industry-Led Initiative Provides

Free Total Cost of Ownership (TCO) Software for companies and suppliers

Online Library of 390+ reshoring articles

Case Study template for posting cases.

Media coverage of the trend: WSJ, Fox Business, USA Today, IW, CBS, CNBC, etc.

~100 presentations/year nationwide

Motivation for skilled manufacturing careers

Solutions to major supply chain problems

TCO Estimator benefits

Provides a single TCO for each source

Flexible: values are 100% user selected.

Broad: 29 cost factors.

Via pull down menus you automatically insert:

Freight rates for 17 countries

Duty rates for parts or tools, e.g. molds

Current value and 5 year forecast of TCO.

Easy to use: Explanations and references to help select values.

Free

TCO Example: a Part

Chinese unit price $70

U.S. unit price $100

# units/year 12,000

unit weight, lbs 2

Shipments/year 6

product life, yrs 5

Packaging* 1%

Payment on shipment

Yes

Quality* 2%

* Chinese differential vs. U.S.

Product liability risk* 0.5%

IP risk* 1.9%

Innovation* 0.5%

Trips/yr 2

Carrying cost, rate 22%

Emergency air freight %* 5%

Wage inflation, annual* 8%

Currency appreciation, annual* 5%

TCO Comparison Example

Just using TCO could bring back 25% of offshoring

Cost

Comparison

Basis

U.S. cost

relative to

China,

average

% of cases

where U.S.

has the

advantage

Price +69% 15%

TCO -4% 56%*

Difference 73% 41%**

* For the 56%, the average U.S. TCO was 32% below China

**Conservatively 25% might return

Source: TCO user database 27 “real” 2012 cases China vs. U.S.

Deming on Total Cost

“End the practice of awarding business on the basis of

price tag. Instead, minimize total cost.”

Source: “4th Key Principle for Management,” Out of the

Crisis, W. Edwards Deming

Some Reshorers

http://www.prodigymeter.com/prodigymeters/index.php

Water-heaters

Bringing Production back from China: Water-heater production

Unionized facility in Louisville, KY

400 jobs, renovated facility

Reasons:

Tax incentives

High-tech new model

Ease of design collaboration with workers: cut cost $20

2 tier contract

Chinese cost: -30% becomes +6% considering inventory and delivery problems

Will move a “significant piece” of appliance production back

Bailey Hydropower Hydraulic cylinders

Had 100,000 ft² in Chennai, India

Reshored to Westknoxville, TN

60,000 sq. ft.

Reasons:

Fast delivery vs. 5 wks on the water

Fewer supply chain problems

If a quality problem, no more bad units

en-route

Source: Knoxvillebiz.com Ed Marcum 8/7/10

High-end earphones

China to Manatee County, FL

Reasons:

$100Ks scrap

$Ms lost sales

emergency air freight

costs up

communications: language and time

~daily calls at 11 pm

Buttons

China to Clarkesville, GA

Reasons:

Salaries up

Expectations up

Rising Yuan

20-25% of employees did not return from annual holiday

Wright Engineered Plastics injection molding

China to Santa Rosa, CA

Medical and Telecom customers

4+ customers reshored, including JDS Uniphase

and ECO Funnel™

Reasons: Transport costs up

Wages up

Quality issues common and difficult to handle

Source: Design2Part mag, Yes, You Can Go Home Again, Say

Some Manufacturers by Mark Shortt

Circuit boards

Woodridge, IL

Supplies many AEM members

Had quality issue with a Chinese component

Found local IL source

Result: Quality problem fixed

Inventory cut by 94%

http://www.moreycorp.com/

50% of Frisbee production

China back to CA and MI

8 jobs added

http://www.wham-o.com/index.html

Reshoring is happening!

61% of larger companies surveyed “are considering

bringing manufacturing back to the U.S.” (MIT forum for

Supply Chain Innovation 1Q12)

40% of contract manufacturers have done reshoring

work this year (MFG.com 4/12)

% of U.S. consumers who view products Made in

America very favorably: 78% (2012) up from 58%

(2010) (AAM June 28-July 2, 2012)

More likely to buy U.S. product 76%

Less likely to buy Chinese product 57% (Perception Research Services Intl. survey 7/12, 1400 consumers)

50,000 Manufacturing Jobs

since Jan 2010!

Reshoring yielded:

About 50,000 manufacturing jobs*

~ 10% of manufacturing job growth since the Jan. 2010 low

~ 100,000 total, including multiplier effect

* Source of estimate: Reshoring Initiative tabulation of jobs listed in 287

Reshoring Library articles, 85% published since Jan 2010

Industries of published cases

Industry Number Elec. equip, appliances &

components 37

Miscellaneous 33

Transportation equipment 27

Machinery 18

Furniture 11

Computer and electronics 9

Plastics and rubber 8

Fabricated metal parts 6

Clothing and textiles 3

Food and beverage 3

Chemicals 1

Primary metal 1

Oil & gas 1

SSource: Reshoring Library, July 2012

Source: Reshoring Library, July 2012

U.S. Manufacturing

Competitiveness for Exports

Paper

Electrical Eqpmt

Computer Eqpmt

Fabricated Metal

Pharma.

Appliances

Electronics

Primary Metal

Auto Veh. Parts

Food

Machinery

Medical Eqpmt. Other Transp. Eqpmt.

Bev. & Tobacco

Aerospace

Chemicals

-10%

-15%

-20%

-25%

-30%

-35%

-40%

-45%

Petro/Coal

-55%

-60%

-65%

-70%

Semiconductors

Textile Product Mills

Furniture

Leather

-50%

Nonmetallic Mineral Product

Wood Product

Textile Mills

Apparel Plastics

Auto Final Assm.

290%

-5%

Printing

0%

Circle size = U.S.

consumption Global Leaders

U.S. Manufacturing Positional Advantage for Export High

U.S

. M

fg.

Cost A

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1) The U.S. cost advantage represents the labor and logistics costs compared with those of Chinese manufacturers, for products consumed by people in China.

Source: U.S. Census Bureau, Bureau of Labor Statistics, UBS Research, CapitalIQ, Energy Information Administration, World Bank, Eurostat, World Trade Organization,

IRS Statistics, Tauber Institute for Global Operations, Booz & Company

U.S. Manufacturing Competitiveness in

Domestic Markets

-60%

-70%

Semiconductors

Textile Product Mills

Furniture

Leather

Printing

Nonmetallic Mineral Product

Textile Mills

Apparel

Plastics

300%

200%

90%

80%

Paper

Electrical Eqpmt.

Computer Eqpmt.

Fabricated Metal

Pharma.

Appliances

Electronics

Primary Metal

*

Auto Final Assm.

Bev. & Tobacco

Other Transp. Eqpmt.

Wood Product 70%

60%

50%

40%

30%

20%

10%

0%

-10%

-20%

-30%

-40%

-50%

Medical Eqpmt.

Machinery

Food

Petro/Coal

Chemicals

Aerospace

1) The U.S. cost advantage represents the labor and logistics costs compared with those of Chinese manufacturers, for products consumed by people in the United

States.

Source: U.S. Census Bureau, Bureau of Labor Statistics, UBS Research, CapitalIQ, Energy Information Administration, World Bank, Eurostat, World Trade

Organization, IRS Statistics, Tauber Institute for Global Operations, Booz & Company

U.S. Manufacturing Positional Advantage for U.S. Demand High Low

U.S

. M

fg.

Cost A

dva

nta

ge

ove

r C

hin

a fo

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rod

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Con

su

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)

Sectors on the Edge

Niche Players

Regional Powers

Circle size = U.S.

consumption Global Leaders

Reasons for reported cases

REASON # of CASES CITED Wage and Currency Changes 54

Quality, Warranty, Rework 41 Delivery 38

Freight Cost 32 Travel Cost/Time or Local Onsite 27

Inventory 25 Total Cost 20

Communications 14 Image/Brand (prefer U.S.) 12

Loss of Customer Responsiveness 9

Emergency Airfreight 9 Difficulty of Innovation/Product Differentiation 6

Natural Disaster Risk 4 Price 4

Green Considerations 4 Government Incentives 4

Burden on Staff 3 Product Liability 2

Personnel Risk, Regulatory Compliance 1 each

Source: Reshoring Library 9/12

Reported Incentives

GE, Louisville: KY and metro government more than $20

million in aid + training $. IW 7/11/11

Mars, Topeka, KS: Go Topeka provided $9.1 million incentive

(190 acres of land, performance-based job creation bonus,

waivers for building permits and utility connections, cash

incentives for work force development and sustainability

allocation.) Economy Watch 7/4/11

Trupart Mfg., fabricator in Ventura, CA: $400,000 equipment

financing at 4% SBDC

Volkswagen, Chattanooga, TN: Significant federal/state/local

tax and economic incentives

64% of reshoring cases are from China

Country from which

reshored

Number

China 79

Mexico 18

Japan 10

India 6

Taiwan 5

Philippines 3

Canada, Germany, Malaysia 2

Brazil, El Salvador, Indonesia,

Singapore, UK

1

Source: Reshoring Library 9/8/12

Potential for reshored jobs is huge!

(Scenario) Manufacturing

Jobs*

Total

Jobs**

Today: If all companies used

TCO (Reshoring Initiative)

~500,000 1,000,000

By 2015: If Chinese wage

trends continue (~BCG)

1,000,000 2,000,000

Better U.S. training, process

improvement, automation,

tax rates (~AMP)

2,000,000 4,000,000

End of offshore currency

manipulation

3,000,000 6,000,000

* # of jobs is cumulative. ** Assumes a low 1.0 Multiplier Effect.

Gaining support in Washington, DC

Commerce Dept: 2012 budget specifies TCO.

Links now: http://nist.gov/mep/reshoring.cfm

http://business.usa.gov/program/reshoring-initiative

http://www.manufacturing.gov/other_orgs.html

Major link on Commerce due soon

4 rounds of free MEP webinars, next 2/27/13

Testified at Congressional hearing on 3/28/12

Working actively with SelectUSA

Calls from: United States-China Economic and Security Review

Commission

White House National Economic Council

http://nist.gov/mep/reshoring.cfm




http://www.manufacturing.gov/other_orgs.html

1/11/12 Insourcing Forum

1/11/12 Insourcing Panel

But how do apprenticeships and credentials pay?

TAKEAWAYS

Use TCO to:

Help companies make sourcing decisions

Convince local companies to stay, expand and source locally

Convince foreign companies to locate here

Use Reshoring Case Studies to promote:

Local companies

Your area as the “U.S. Reshoring Capital”

Use the Reshoring Library to identify prospects

Call on us to speak and help

Put as much emphasis on local outsourcing as on OEMs’

factories:

Much faster implementation

Less need for incentives

Build clustering/moats/ecosystems around your companies

Attract suppliers and OEMs to join the cluster

Glass Wall Curtain Manufacturer

$50MM Company was looking to move operations to Mexico from the

Bay area, affecting 75 employees

Manex employed TCO to show the total impact to the business.

Direct labor is significant but,

Indirect and secondary costs (Warranty, travel, logistics, transportation, 3rd

party subcontracting fees, worker safety etc. all were significant total cost

contributors

Union issues were also taken into consideration

Company is relocating to a newer and larger facility in the East Bay and

through lean manufacturing implementation efforts will reduce costs.

Plans are underway to double sales over next 5 years Attractive real-estate pricing made the move a cost saver

Can now add second shift operations

Morale is up with the new location

Source: Bill Browne, MANEX

Suggested priorities re reshoring

1. Keep existing domestic sources

2. Shift outsourcing back

3. Repurpose offshore own-facility to serve the offshore

market. Incrementally invest domestically to serve domestic

market

4. Shut offshore own facility. Build new domestic facility.

What: First national Reshoring Summit

Where: Cleveland, OH

When: March 13 & 14, 2013

Who: OEMs, contract manufacturers, EDOs, site selectors…

Content: Factors to consider in making the reshoring decision. Cases

of reshoring.

Seeking: Companies that have reshored to present case studies

Details: http://www.infocastinc.com/events/reshoring

Contact: [email protected]

http://www.infocastinc.com/events/reshoring

mailto:[email protected]

Relevance to FDI and Investment

By understanding:

the advantage of producing near the consumer, and

the small TCO gap instead of the large price gap

You can:

justify domestic facility, investment, process

improvement, automation, training, etc.

reduce the need for incentives for FDI

You do not have to sacrifice quality, delivery,

time-to-market, or employees to be competitive

and profitable.

A non-profit with 42 sponsors

Gold

Gold

G

Silver

Platinum

Gold

Silver

A non-profit with 42 sponsors

BronzeB

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SteeelSStSteeleel

Iron

Iron

Bronze

Steel

5 are ~EDOs

Help slow the offshoring flood now!

Contact:

Harry Moser

Initiative Founder

847-726-2975

[email protected]

www.reshorenow.org

Recruiting trainees for the skilled manufacturing workforce:

http://tinyurl.com/33vpz9k

mailto:[email protected]

http://www.reshorenow.org/

http://tinyurl.com/33vpz9k


Audience Questions

Peer-Based ApproachDevelopment Finance Expertise

Customizable ProductsAffordable Service


Supporting Reshoring & Preventing Offshoring

Senator Sherrod BrownUnited States SenateWashington, DCRepresenting Ohio


Want more information on federal programs?

Audience Questions


Spotlight: Reshoring Leading by Example

John ColmPresident & Executive DirectorWIRE‐NetCleveland, OH

Council of Development Finance Agencies February 13, 2013

John Colm President & Executive Director

WIRE-Net

Re-Shoring: Manufacturing Renaissance?

Agenda

1. WIRE-Net Overview2. The Re-Shoring

Context: Background and Prospects

3. Maximizing re-shoring’s regional impact

The WIRE-Net Model

Redevelopment:•Infrastructure &

Sites

Manufacturing Services•Mfg Improvement

•New Markets

Talent:•Youth & Adult

Membership: Networking & Support

WIRE-Net

Where Manufacturing

Matters

Mission: Supporting manufacturing to strengthen

communities and economic development

Wind Classification & Specialty

Making It Here: Supply Chain Development Tools

New Markets Supply Chain Development Tool

New Markets Sourcing

60 Buyer Projects since 2011Over 250 Supplier ReferralsMarkets Served:

Surgical devicesAerospaceDefenseAutomotiveMedical DiagnosticsTruckingAutomated machinery

Re-Shoring: Context

12 million direct US jobs.15,000 Ohio mfrs employ 619,000 workers & produce $73 billion in product.

Between 2000-2010:5.7 million US mfg jobs lost400,000 jobs lost in Ohio; 3300 Ohio firms closedChina a major factor

2011: 500,000 new US mfg jobs

Re-Shoring: Context

50,000 new Re-Shored Jobs:$2.5 B direct wagesCreate over 32,000 non-mfg jobs

Examples:FordGE AppliancesSupply chain impact: stampers, equipment builders, metal finishing, coatings, packaging

What Do Re-Shoring Companies Want?

Key Issues:Time to MarketCostQualitySupply Chain ManagementIntellectual PropertyCurrency

What do companies want?

Effective, efficient workforce developmentGood financing climateControlled costs

EnergyUS Labor rates stagnant

Unbiased technical support for growth & innovationAccess to qualified supply chain

Thank You.

John ColmPresident & Executive DirectorWIRE-Net4855 W. 130th StreetCleveland, OH 44135

Tel Direct: 216-588-1445Email [email protected]


Audience Questions

Fundamentals of Development FinanceBond FinanceTax Increment FinanceTax Credit FinanceRevolving Loan Fund FinanceFederal Financing ProgramsState & Local Financing Programs

Energy FinanceInnovation FinanceBrownfield FinanceTransportation FinanceAccess to Capital FinanceSpecial District FinancePublic-Private Partnership Finance


An Early Look at the Financing Tools

Toby RittnerPresident & CEOCouncil of Development Finance AgenciesColumbus, OH

www.cdfa.net

Reshored Manufacturing

An Early Look at the Financing Tools Supporting Reshored Manufacturing

February 13, 2013

Toby RittnerPresident & CEO

CDFA

www.cdfa.net

Changing Landscape of FinanceDevelopment finance has changed significantly since 2000 through the recent recession.

Risk investment down, spec development is non-existent.

Measured and enhanced finance is the new norm.

Where is financing coming from and what is the focus of access to capital?

www.cdfa.net

2012 Trends in Development FinanceDemographics, economics, underlying credit, access to capital all now playing a bigger role:

Sources of capital have shifted

Federal programs – From the traditional (SBA, EDA, HUD) to the new norm - SSBCI, MEP, Ex-Im Bank

Foreign investment – EB-5

New models – Public Private Partnership (P3)(PPP), improved TIF and bond financing

www.cdfa.net

SSBCI (State Small Business Credit Initiative)New federal program allocating $1.5 B to all states.

Each state has option to craft program to meet small business investment needs.

Five broad categories – Capital Access Program (CAP), loan participation, collateral support, loan guarantee or venture capital.

140+ program models.

Minimum of $13.3 M per state.

www.cdfa.net

SSBCI Portal

www.cdfa.net

MEP (Manufacturing Extension Partnership)Federal emphasis is now changing, focus is on advancing existing industry clusters rather than moving companies around the country

$20 Million for 10 public-private partnerships to support manufacturers

Investments will promote job creation and economic growth in AZ, CA, MI, NY, OK, OR, PA, TN AND WA

California: Advanced Manufacturing Medical/Biosciences Pipeline for Economic Development (AM2PED), a project of Contra Costa County, Manex, the University of California—Berkley, Laney College, and the Northern California Small Business Development Center at Humboldt State University. ($2,190,779)

www.cdfa.net

Ex-Im Bank (Export Import Bank of US)Ex-Im Bank reauthorized in 2012 as federal government has heavily shifted focus on exporting U.S. goods overseas

Over 6,000 businesses in U.S. have taken advantage of Ex-Im resources.

Notably 600 in California have used Ex-Im Bank financing supporting over $14 billion in export activity.

In Ohio, 209 businesses have used the bank to support $2 billion in export activity.

www.cdfa.net

Ex-Im Bank (Export Import Bank of US)Risk Protection and Credit to Buyers – Credit insurance for buyers and sellers

Working Capital – An Ex-Im Bank guaranteed credit line may be used to purchase finished products, pay for raw materials, supplies, labor and overhead, and even cover standby letters of credit used as performance or bid bonds.

Term Financing – Foreign buyers may obtain competitive financing (with extended repayment terms) to buy U.S.-made capital goods and services.

www.cdfa.net

EB-5Direct foreign investment into US projects/businesses

Wealthy foreign investors invest $500K/$1M in project that creates/retains 10 jobs

Foreign investor invests $500K/$1M in regional center that invests in project that creates/retains 10 jobs

Foreign investor has application for greencard accelerated to front of the line

Fastest growing area of capital infusion into development projects nationwide

www.cdfa.net

Public Private Partnership (P3)(PPP)International model of development finally taking hold in US

True partnership between public (govt., schools, hospitals, etc.) and private (developers) to build infrastructure

Types - energy, transit, toll roads, bridges, tunnels, water treatment plants, airports, docks, ports, parking garages, trolleys, etc.

Long-term lease ownership by private sector for long-term commitment to capital investments for public sector

Win-win model (assuming you have good partners)

www.cdfa.net

Bedrock Tools – Don’t Forget ThemBond financing remains the key financing tool for supporting major infrastructure development.

Bond financing take many shapes and forms – TIFs, PIDs, TIRZ, SSDs, SIDs, BIDs, NIDs, CFDs, bond funds, mini bond programs, pooled bonds, etc.

Development focused on transit, sustainability, green, clean energy, multiuse, etc. is very popular on Wall Street.

www.cdfa.net

Bedrock ToolsBond use dates back over 90 years with the tax reform act of 1986 shaping today’s use.

Tax-exempt bonds (TEBs) were included in the first U.S. tax code in 1914.

Over 50,000 state and local governments and authorities have used tax-exempt bonds to invest in 3 quarters of the U.S. infrastructure representing a $3 trillion industry.

www.cdfa.net

TEBs TodayTax-exempt bonds fuels our investments in…Manufacturers

First time farmers

Hospitals and healthcare institutions

Universities & colleges

Charter & independent schools

Cultural organizations

Charitable organizations

Airports, docks and wharves

Public transportation facilities

Electric energy facilities

Low-income residential projects

Redevelopment projects

First-time homebuyers

Veterans

www.cdfa.net

Making the Case: TEBs Have Financed4 million miles of roadway

500,000 bridges

1,000 mass transit systems

16,000 airports

25,000 miles of intercoastal waterways

70,000 dams

900,000 miles of pipe in water systems

15,000 waste water treatment plants

www.cdfa.net

TEB Impacts: Survey 201180% of industry stakeholders indicate that 50% of their projects over the past 5 years would NOT have occurred without tax-exempt bonds.

Of the projects that would have proceeded without tax-exempt bonds, 90% would have been scaled back or less ambitious.

www.cdfa.net

TEB Market StrengthsOther than U.S. Treasury bonds, the relative credit strength of state and local governments has made tax-exempt bonds historically the most reliable and safest fixed income investment option.

All grades of governmental TEBs have proven to be safer investments then corporate AAA rate bonds.

Consequences of losing TEBs: Interest rates would increase by as much as 0.5%-1.5% for borrowers

Cost of borrowing would increase by as much as 15-30% for state and local governments.

www.cdfa.net

Industrial Development BondsPrivate activity bonds issued on behalf of qualified small to mid-sized manufacturers for expansion, equipment, land, etc.

Lower rates, affordable capital.

One of the oldest tools in the development finance toolbox.

Every state, city, county, etc. has the authority to issue and IDB to assist with manufacturing expansion.

135 online resources: http://www.cdfa.net/cdfa/cdfaweb.nsf/ord.html?open&tag=Industrial Development Bonds (IDBs)

www.cdfa.net

End on a High NoteOpportunities are emerging

P3 deals are gaining significant traction

EB-5 provides a real source of capital that was not around five years ago

SSBCI is real available capital for business development

Bonds continue to surge in improved economy

FYI – over 170 federal programs exist to support economic development

www.cdfa.net

CDFA Federal Financing Clearinghouse

www.cdfa.net

Depth of Resources - SBA7(a) Loan Program

Patriot Express Program

U.S. Export Finance Programs

Women's Business Centers

Small Business Innovation Research (SBIR) Program

Small Business Investment Company (SBIC) Program

Small Business Technology Transfer (STTR) Program

SBA Micro-Loan Program

Disaster Recovery Assistance Loans

504 Loan Program

Surety Bond Guarantee (SBG)

www.cdfa.net

Depth of Resources - USDARural Business Enterprise Grant (RBEG) Program

Biomass Crop Assistance Program (BCAP)

Biorefinery Assistance Loan Guarantee Program

High Energy Cost Grant Program

Rural Economic Development Loan and Grant Program

Section 9005 Bioenergy Program

Rural Energy For America Feasibility Grant Program

Rural Community Development Initiative (RCDI)

Noninsured Crop Disaster Assistance Program

Intermediary Re-lending Program (IRP)

Farm Loan Programs

Disaster Assistance Programs

Community Adjustment and Investment Program (CAIP)

Business and Industry Guaranteed Loan (B&I) Program

Agriculture Innovation Center (AIC) Program

Rural Energy for America Program Grants/Energy Audit and Renewable Energy Development Assist

Rural Energy for America Program Guaranteed Loan Program

Rural Energy for America Program Grants/Renewable Energy Systems/Energy Efficiency Improvement Program

www.cdfa.net

ResourcesOver 3,800 online resources with dozens of categories and subcategories

Designated resource libraries to help break down some of the complexity

www.cdfa.net

Resource Centers

www.cdfa.net

Contact CDFA

Toby Rittner, DFCP, EDFPPresident & [email protected]

Council of Development Finance Agencies85 E. Gay Street, Suite 700

Columbus, OH 43215


Audience Questions

Save the date!Sessions focused on bonds, TIF, tax credits,

revolving loan funds, energy, federal programs, EB-5, infrastructure, seed/venture and much more!


March 20, 2013 @ 2:00pm Eastern

April 17, 2013 @ 2:00pm Eastern

May 22, 2013 @ 2:00pm Eastern

Don’t forget to login next time as we focus on federal financing and support programs for encouraging Reshored Manufacturing!

CDFA Reshored Manufacturing Webinar Series


Thank You!

while you’re waiting, check out some upcoming cdfa events… · 2019-08-29 · reshoring is...

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