Economic Development Credit Analysis & Finance

2016. 187 pages.

Economic development aims to expand the economies of states, regions, cities, and localities by building businesses and new industries to create and retain jobs, enhance the tax base, and improve the overall quality of life for area residents. One of the primary tools for the economic developer is financing. It is a means to stimulate growth and development by increasing access to capital for both ventures and projects that may not take place if left to market forces but would provide economic benefits.

There are two components to economic development finance. One involves providing financial assistance to business ventures and programs. The other involves providing financial assistance for projects such as the construction of a parking garage in the city center. Both components help to promote economic development goals. This manual deals primarily with the financing of business ventures. It is an overview of the processes that go into business financing, taking into account the issues for businesses, investors, lending institutions, and economic developers.

In this manual, you will learn:

  • Who the players in development finance are;
  • Why development finance is necessary;
  • How to read and analyze financial statements;
  • What criteria banks use to evaluate companies;
  • What local, state and federal financing programs are available to support development finance projects; and,
  • How to apply a development finance program.


Effective January 20, 2016, and in response to the current value of the Canadian dollar to the United States dollar, IEDC offers persons from all Canadian provinces and territories access to our publications at par value to the US dollar. Values will be calculated at time of processing by IEDC staff based on the current exchange rate.


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