The members of the Missouri Economic Development Finance Association elected Jim Devine, President & CEO of the Lee’s Summit Economic Development Council for a 3-year term to the MEDFA Board of Directors. MEDFA’s membership includes community economic development directors, public officials, real estate developers, attorneys and financial professionals from across the state. MEDFA is a statewide trade association to guide public policy and approaches to financing economic development.
“I am pleased to represent my community and profession to educate and advocate for the responsible use of economic development financing tools. With Lee’s Summit being a maturing community, development projects are more complicated and typically use a blend of programs for achieving their financing needs. Knowing peers and providers who routinely use these tools will insure that Lee’s Summit can emulate best-practice-development financing approaches, especially for difficult redevelopment projects which are likely to fill our pipeline in the coming years,” said Devine.
MEDFA’s mission includes education and advocacy concerning all economic development financing tools available in the State of Missouri. MEDFA’s board meeting routinely addresses legislative issues, educational forums and initiatives furthering Missouri’s competitiveness. Tools used by MEDFA members include, but are not limited to the following: Tax Increment Financing, Historic Tax Credits, Community Improvement Districts, Transportation Development Districts, Brownfield Tax Credits, Enterprise Zones, and Real Estate Tax Abatement.
In today’s environment, development projects typically use a blend of programs for achieving their financing needs. MEDFA was formed in recognition of this pattern of blending tools in development financing. The Association also promotes the responsible and ethical use of all development financing incentive programs. MEDFA takes an active role in legislative matters in the Missouri General Assembly that may effect economic development financing tools, and works to advocate the responsible use of these tools through its annual conference and workshops designed to educate and inform individuals and communities concerning the responsible use of economic development tools. MEDFA’s membership includes community economic development directors, public officials, real estate developers, attorneys and financial professionals from across the state.