News Release from: City of Beaverton
CITY OF BEAVERTON SPONSORS FREE NEW MARKETS TAX CREDIT WORKSHOP
Posted: September 21st, 2012 10:33 AM
Developers, bankers, financiers and non-profits looking for creative project financing tools that help grow local economies are invited to attend a free New Markets Tax Credit (NMTC) workshop on Oct. 2 from 8 to 10 a.m. in the first floor conference room of Beaverton City Hall (4755 SW Griffith Drive).
The city of Beaverton will host a panel of regional NMTC experts, who will discuss community development case studies that have successfully utilized federal tax credit financing opportunities available through Oregon's Low-Income Community Investment Initiative (SB 817).
"This workshop is all about making New Markets Tax Credit user-friendly to financiers and non-profits," said Don Mazziotti, Community and Economic Development director. "Tax credits are innovative funding tools that can result in significant savings to investors and bring new life and new jobs to low-income areas around the region."
Panelist include: Walt Postlewait, Chief Operating & Lending Officer, Craft 3, an Ilwaco, WA-based Community Development Financing Institution (CDFI); David Atman, President, IPR Consulting, a financial services firm focused on low-income community development projects using NMTCs; Reynold Roeder, CEO, Roeder & Co., an entrepreneur and angel investor specializing in tax-advantaged transactions; and, Stephen Brooks, Principal, Pilot Management Group.
The workshop will also involve an examination of Senate Bill 817, a financing tool that provides an indirect subsidy to businesses thus lowering the cost of financing business development in low-income regions of Oregon.
The New Market Tax Credits workshop is part of a series of investment summits, sponsored by the city's Community and Economic Development Department, summits supporting business growth in the region.
ABOUT BEAVERTON
Beaverton enjoys one of the most diverse populations among Oregon cities. Most recently, the city was awarded the 2012 Mayors' Climate Protection Award from the U.S. Conference of Mayors. It was one of just four cities of its size recently recognized as a "Smarter City" energy leader by the Natural Resources Defense Council and one of the 100 Best Places to Live in America by Money magazine. In addition, Beaverton has been named one of the safest cities in the Pacific Northwest for three consecutive years, as one of the best places to raise kids by BusinessWeek magazine, an All-America City finalist, as one of the top 25 Suburbs for Retirement by Forbes.com, one of the 100 Best Walking Cities in America by Prevention magazine, the Recycler of the Year from the Association of Oregon Recyclers, a Tree City USA by the Arbor Day Foundation, a Bronze Award Bicycle Friendly Community designation by the League of American Bicyclists and as one of the Environmental Protection Agency'
s Green Power Communities, the Beaverton Community Vision program was named Public Involvement Project of the Year--Best Planning Project by the International Association of Public Participation (IAP2) Cascade Chapter. For more information, please visit www.BeavertonOregon.gov or follow us on Facebook at www.facebook.com/cityofbeaverton.
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