Local governments are often presented with projects with requests for incentives/concessions from the public sector that may utilize grants, rebates, special tax districts, or community development authorities. Davenport’s experience goes back to Virginia’s first community development authority for the Dulles Town Center in Loudoun County.
We analyze economic development opportunities for our clients from a fiduciary perspective with the goal of helping them achieve sustainable economic development that strengthens their communities and fiscal health.
We work with our clients in analyzing the impact of potential economic development projects including return on investment, payback horizons, life-cycle development and government-wide revenue/expense impacts, and developer negotiations.
Services
Criteria for Development Incentives
Assistance with establishing criteria, policies and financial objectives for local incentives.
Customized Cash Flow Modeling
Analysis of third-party cash flow models/Independent review and development of internal cash flow impact models to run sensitivity analyses related to economic development opportunities.
Cost-Benefit Analysis
Evaluation of potential opportunities and their holistic impact on the locality and its finances; estimation of the potential return on local incentives and/or investment.
Financial Alternatives
Analysis of potential financing alternatives and sources of funding for the project in order to minimize a locality’s costs and maximize its return on investment.
Financing Structure
Assistance with negotiation of agreements governing the locality’s investment in the project, incentives, timing of funding and potential revenues that may be used to finance the local investment.
Transaction Execution
Coordination of the Finance working group and management of the financing process