Tuesday Morning Learning Opps

The Journey to Alternative Funding: A Panel on Opportunity Zones, Tax Credits, and P3s

  • Tuesday, July 16
  • 08:30 AM - 09:45 AM
  • Austin Conv Center
  • Level 4, 11AB

Speakers

Walter Branson

Vice President for Finance and Operations and Chief Business Officer

Wright State University

Dayton, Ohio

Tony Calcado

Executive Vice President and Chief Operating Officer

Rutgers University

New Brunswick, New Jersey

Jeffrey Turner

Executive Vice President

Brailsford & Dunlavey

washington, District of Columbia

Description

Many institutions struggle with trying to advance strategic capital improvements with either little or no debt capacity or any appetite to take on additional debt. With continued strain on budgets, many colleges and universities are exploring various alternative funding options, such as tax credits and opportunity zones. Opportunity Zones, included in the Tax Cuts and Jobs Act (TCJA) signed into law in December 2017, opened the possibility for tax-incentivized investments into economically distressed communities—many located adjacent to college campuses—that are designated as Qualified Opportunity Zones (QOZ). Timing is important because these programs may sunset in December 2019. Panelists will discuss the financial environments in which their institutions operate, how they’ve navigated the funding of projects that include state and federal tax credits, Opportunity Zones, and P3, and what they’ve learned in the process.

Learning Objectives

  • Investigate alternative delivery and funding options for institutional capital projects
  • Navigate complicated project planning processes while leading other stakeholders to feel confident when making required decisions along the way
  • Gain a snapshot of the current funding environment impacting higher education