Manufacturing Bonds for Disaster Response

Description

When significant portion of the economy is shut down due to a disaster, vital public infrastructure as well as essential facilities like manufacturing plants become uniquely valuable because they are key economic drivers for many states. There are bond financing mechanisms being used to finance essential infrastructure and facilities in areas prone to earthquakes, wildfires, and other natural disasters. The ability for manufacturers to rapidly scale-up the production of personal protective equipment, medical supplies, test kits, and ventilators during the pandemic has been well-documented, and Industrial Development Bonds are an option for financing such facilities. Similarly, TIF bond structures are an option for storage facilities that play a role in recovery. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will look at how bonds act as a resilient economic driver by financing the critical facilities and infrastructure that stabilize local economies during and after crises.

Speakers:

Troy Pitman, Moderator
Vice President, Relationship Manager
The Bank of New York Mellon Corporate Trust

Emily Metzler
Senior Vice President
MuniCap, Inc.

Frank Canning
Vice President
MassDevelopment

Jim Parks
President and Chief Executive Officer
Louisiana Public Facilities Authority

Gloria Zacharias
Seismic Rehabilitation Grant Coordinator
State of Oregon