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Office of Economic Development Finance

Mission

EDF advises the CFO on all tax increment financing (TIF) and payment-in-lieu-of-taxes (PILOT) financing deals entered into by the District, as well as a variety of other real-estate and debt transactions. Additionally, EDF’s analyses of proposed economic development initiatives assist the Mayor, Deputy Mayor for Planning and Economic Development, and the Council to ensure the least financial risk to the District. EDF is involved with structuring District-supported financing of many of the major economic development projects in the city, including the Convention Center's Headquarters Hotel, Great Streets TIF areas, redevelopment along the Anacostia and Southwest waterfronts, and the Washington Nationals Baseball Stadium, among others.

Functions

Provides analysis of fiscal, economic and, administrative impacts of proposed projects to the CFO, Mayor, Deputy Mayor for Planning and Economic Development, and the Council, so they can appropriately assess proposed economic development initiatives with a view toward    ensuring economic development in the District.

Examines the financing of many of the major economic development projects in the District, including the Washington Nationals Baseball Stadium, the Convention Center Headquarters Hotel, and a number of large-scale mixed use developments.

Advises the CFO on tax-increment-financing (TIF) and payment-in-lieu-of-taxes (PILOT) financing deals entered into by the District.
 
Analyzes projects requesting abatements or exemptions and advises the CFO accordingly. 
 
Provides recommendations to the Council to accompany economic development-related legislation.
 
Represents the OCFO on the boards of Events DC and Destination DC.
 

Key Activities

Unified Economic Development Reports

FBI Headquarters Relocation Analysis Report

Information on TIFs, PILOTs and Tax Abatements

Submission Requirements for Parties Seeking a New Real Property Tax Abatement or Exemption

 
 
Projects Financed in the District

–     International Spy Museum

–     Gallery Place

–     Mandarin Oriental Hotel

–     Embassy Hotel

–     Capitol Hill Tower

–     DC USA

–     H&M

–     Nationals Ballpark

–     Shakespeare Theatre Harmon Center for the Arts

–     Verizon Center

–     DOT

–     Crime and Punishment Museum

–     Madame Tussauds

–     Zara

–     Arena Stage

–     CVS

–     Capper Carrollsburg

–     Convention Center Hotel

–     Forever 21

–     Rhode Island Place

–     Ft. Lincoln Retail

–     Howard Theatre

–     The Hamilton

–     City Market at O Street

–     The Wharf

–     The Yards

–     Skyland Town Center

Biographies of Key Staff

Senior Advisor and Director: John P. Ross

Deputy Director: Betsy Keeler

Senior Policy Analyst: Sarah Goss

Senior Policy Analyst: Deborah Freis

Contact Information

1101 4th St SW Suite 772,
Washington, DC 20024
Telephone: (202) 727-9635 

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