On June 20, Kathy Morgan, chairman of the Newton County Board of Commissioners, received certification as an Economic Development Finance Professional (EDFP) from the National Development Council (NDC). EDFP Certification is a professional credential given to individuals who successfully complete NDC's intensive economic development finance training series. The training provides individuals working in the field of economic development with instruction in business credit analysis, real estate financing, loan packaging, deal structuring and negotiating and the creation and implementation of development programs.
Each of the four EDFP Certification Program courses are five days in length and concludes with an exam. Upon successful completion of all four courses, the candidate is awarded EDFP Certification.
The National Development Council was established in 1969 and is a nonprofit organization specializing in economic and housing development training and technical assistance for community development. NDC has provided training to more than 60,000 professionals working in the fields of economic and housing development. Participants come from diverse backgrounds including city and state governments, public agencies, community-based organizations, professional organizations and banks.
As chairman, Morgan is a member of the Industrial Development Authority. In that position and others, she is expected to analyze prospects evaluating Newton County as a location for their business. With her experience as a banker and the skills developed during this training series, she will be able to evaluate prospects and make a recommendation to the Board of Commissioners, according to a press release issued by the county. During this training series, her class was comprised of many economic development professionals working with the State of Georgia in the Departments of Economic Development or Community Affairs, or project managers with companies such as Georgia Power among others, including many county and municipal professionals.