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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…
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
Welcome
Toby RittnerPresident & CEOCouncil of Development Finance AgenciesColumbus, OH
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
Using your telephone will give you better audio quality.
Submit your questions to the panelists here.
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
Click the button with the yellow hand to “Raise Your Hand”
Technical Questions?Contact CDFA at 614-224-1300
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
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
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
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
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%
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
dva
nta
ge
ove
r C
hin
a fo
r P
rod
ucts
Con
su
me
d in
th
e C
hin
a(1
)
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
r P
rod
ucts
Con
su
me
d in
th
e U
S(1
)
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
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: kathleenb@infocastevents.com
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
harry.moser@reshorenow.org
www.reshorenow.org
Recruiting trainees for the skilled manufacturing workforce:
http://tinyurl.com/33vpz9k
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
Audience Questions
Peer-Based ApproachDevelopment Finance Expertise
Customizable ProductsAffordable Service
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
Supporting Reshoring & Preventing Offshoring
Senator Sherrod BrownUnited States SenateWashington, DCRepresenting Ohio
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
Want more information on federal programs?
Audience Questions
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
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 JColm@wire-net.org
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
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
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
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
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 & CEOtrittner@cdfa.net
Council of Development Finance Agencies85 E. Gay Street, Suite 700
Columbus, OH 43215
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
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!
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
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
CDFA: Advancing Development Finance Knowledge, Networks & Innovation www.cdfa.net
Thank You!
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