Student projects in this class focus on economic recovery for New Orleans, shown here shortly after it was flooded during Hurricane Katrina in 2005. (Photo courtesy of the National Geodetic Survey.)
Instructor(s)
Prof. Karl Seidman
MIT Course Number
11.437
As Taught In
Spring 2006
Level
Graduate
Course Description
Course Features
Course Description
This course focuses on financing tools and program models to support local economic development. It includes an overview of private capital markets and financing sources to understand capital market imperfections that constrain economic development; business accounting; financial statement analysis; federal economic development programs; and public finance tools. Program models covered include revolving loan funds, guarantee programs, venture capital funds, bank holding companies, community development loan funds and credit unions, micro enterprise funds, and the use of the Community Reinvestment Act to leverage bank financing.
