Economic Development Finance Service (EDFS) Conference
The EDFS Conference brings together business loan fund staff that are working in rural and small metropolitan regions to hear best and promising practices from loan funds around the nation, learn about federal program updates from agency staff, and engage in meaningful and relevant discussions and information sharing with their peers.
Burlington is wonderfully situated on Lake Champlain, known as “America’s Sixth Great Lake.” And, Burlington’s college town feel translates to a multitude of things for visitors to the city of 40,000 to do (when they are not attending conference sessions): restaurants, shops, recreational activities, and much more.
As always, the EDFS conference is planned with YOU in mind. Sessions have been planned by a panel of your peers and include ideas and suggestions from EDFS members and others, as well as feedback from previous conferences. The conference is small, allowing attendees a bounty of networking opportunities with peers and other small business finance stakeholders.
We strongly believe that a measure of a great conference is the extent to which attendees are able to engage in serious peer networking. We build as much of that as we can into the conference…sessions are structured to promote dialog among attendees and speakers, breaks and special events are tailored to encourage attendees to learn from each other, and there is always much information exchange happening in the hotel hallways between sessions. Our goal is for each attendee to leave the conference with new ideas and strategies for building your loan fund programs.
Plan to attend the 2012 EDFS conference which will be held at the Hilton Burlington Hotel April 24 – 26. Please see Travel and Venue for room block information.
Questions?: Contact Laurie Thompson at (202) 624-5948 or [email protected]
Registration for the 2012 EDFS Conference will begin on February 1, 2012
Registration for this event started on February 01, 2012 and is currently Closed.
Agenda & Presentations
Tuesday, April 24th
VCET opened in June 2005 under the vision and efforts of U.S. Senator Patrick J. Leahy, the Vermont Technology Council and the University of Vermont. Today, VCET is a leading-edge technology incubator serving all of Vermont under a mandate to increase technology startups and accelerate next generation job creation for this generation of Vermonters. VCET offers a targeted business incubator program designed to foster the success of high opportunity technology firms by providing firms with substantive business mentoring along with traditional incubator services such as low cost, flexible office space, shared resources, capital, networking, and training. VCET is an independent 501 c (3) public benefit corporation in affiliation with the University of Vermont and partners with Norwich University, Middlebury College, Champlain College, and the five Vermont State Colleges.
Across the nation, RLFs are working to help small manufacturers continue to make goods, provide jobs, and contribute to local and regional economies. A study by the Manufacturing Extension Program (MEP) found that small manufacturers seek capital for facility expansion, equipment purchase, refinancing and general working capital.
Welcome: Misty Casto, Executive Director, Buckeye Hills-Hocking Valley Regional Development District (OH)
Speaker: Doug O’Brien, Deputy Under Secretary for Rural Development, USDA
Moderator: Erik Pages, President, EntreWorks Consulting (VA)
Wednesday, April 25th
A research team assembled by RUPRI is working with the U.S. Department of Agriculture to better understand issues related to capital access in rural America. The project is designed to achieve the following three objectives:
- To provide USDA with a more detailed understanding of the capital market system in rural America and how it supports business development, job and wealth creation
- To provide insights into effective models that support innovation within the system to improve rural business outcomes, including job and wealth creation
- To provide evidence-based policy recommendations that support the creation or scaling of innovations that improve rural business outcomes
Speaker: Erik Pages, President, EntreWorks Consulting (VA)
Learn successful tips for evaluating business plans and financial statements, and get an understanding of the red flags that signal potential trouble that can be avoided. This session will benefit those new to the small business lending world and will be a great refresher for those more “seasoned” loan fund managers.
Speaker: Pat Brennen, North Central PA RP&DC
Moderator: Mike Burress, Lincoln Trail ADD (KY)
This session will illustrate how the seven forms of wealth tool is being used to assist business development in rural communities and regions. Yellow Wood Associates has been working with The Ford Foundation on a national initiative to share the concepts with a broad audience; NADO has also been working with The Ford Foundation in targeted areas of the country to test the approaches that regional development organizations are employing with regard to rural wealth creation.
Moderator: Holly Quinn, Business Loan Specialist, Northeast Nebraska EDD
Learn how businesses benefit from strategic and practical loan servicing (before, during, and after the lending decision is made), and the importance of a solid technical assistance plan aimed at meeting their needs.
Moderator: Jeff Christensen, Business Loan Specialist, Northeast Nebraska EDD
A hallmark of the Economic Development Finance Service (EDFS) is cultivation of a practitioner network that provides an environment for learning – during conferences and events, but also through electronic information sharing and exchange.
Rapid round robin presentations from small business lending programs that are using creative strategies to meet the needs of clients, resulting in job retention and creation, business growth and contributing to regional economic vitality. Group discussion will follow the round robin presentations, with a focus on ways to build programs that streamline operations while also meeting client needs. Participants will be encouraged to participate in a facilitated discussion about ways to overcome barriers and challenges to meeting the needs of small businesses in their regions.
Facilitator: Erik Pages, President, EntreWorks Consulting (VA
This session will offer insights into what auditors are looking for, and how you can prepare your organization to sail through the process. Topics to be covered include considerations for audits while calculating loan loss reserves, making loan confirmations, engaging in management discussions and analysis write-ups, and accrued interest receivables.
Moderator: Adam Quinlan, Financial Portfolio Manager, Rhode Island EDC
Thursday, April 26th
The current battle over deficit reduction continues to dominate the federal decision making process, and encompasses all programs including those that fund your lending programs. The funding decisions being made right now will impact our nation for decades to come. Conference participants will learn about the latest federal legislative and policy developments and the budget and appropriations outlook for the year ahead, with an emphasis on the various small business loan fund programs that you all manage.
Moderator: Russ Cowley, President, NADO, and Executive Director, Six County AOG
This session will provide examples of technical assistance programs and strategies that are being implemented to help businesses not only re-pay their loans, but succeed in their communities.
Moderator: Paulette Potter, Loan Program Manager, Northern Tier RP&DC (NY)
This session is an outstanding opportunity to hear the latest program updates from the funding agencies and to get answers to your program questions.
Speaker: Michael DeVillo, Program Analyst, EDA
Speaker: Kyle Wilber, ARC Program Manager, NY State
Travel & Venue
Hilton Burlington Hotel
60 Battery Street
Burlington, VT 05401
Room Rate: $129 single/double
Room block deadline: March 26