What does EDFP mean in DEVELOPMENT
The Economic Development Finance Professional (EDFP) designation is an internationally recognized credential designed to identify individuals with the knowledge necessary to assess, finance and structure economic development projects. The professional's credential is backed by the National Development Council (NDC), a non-profit organization dedicated to stimulating economic progress in communities across the United States and abroad.
EDFP meaning in Development in Community
EDFP mostly used in an acronym Development in Category Community that means Economic Development Finance Professional
Shorthand: EDFP,
Full Form: Economic Development Finance Professional
For more information of "Economic Development Finance Professional", see the section below.
» Community » Development
Essential Questions and Answers on Economic Development Finance Professional in "COMMUNITY»DEVELOPMENT"
What areas of expertise does an EDFP possess?
An EDFP possesses knowledge related to investment evaluation, development feasibility assessment, public/private financing, incentive programs and real estate financing.
Is there an international component to the EDFP designation?
Yes. The NDC has established partnerships with various countries worldwide and requires EDFPs to complete international coursework related to cross-border economic development project financing.
What kind of organizations employ Economic Development Finance Professionals?
Economic Development Finance Professionals are employed by governmental bodies, economic development consulting firms, private equity firms and other organizations with an interest in understanding how projects can be financed and structured for success.
Are there any prerequisites for obtaining the EDFP designation?
Yes. In order to obtain the EDFP designation, potential candidates must have a minimum of ten years' experience in relevant commercial financial activities or a graduate degree from an accredited university or six years' experience combined with specialized coursework in finance or economics. Additionally, professionals are required to pass a rigorous exam administered by the NDC.
What benefits do holders of this certification receive?
Holders of the EDFP certification receive access to special networking opportunities at conferences and events as well as exclusive membership in NDC-sponsored technical assistance teams that apply innovative strategies for community revitalization efforts throughout the US and abroad. The certification also provides holders with increased job security due to their expertise in handling complex economic development projects.
Final Words:
The Economic Development Finance Professional (EDFP) designation is a respected credential that demonstrates competence in assessing, financing and structuring economic development initiatives around the world. With access to exclusive networking opportunities as well as career advancement prospects, having an EDFP credential can open up many new doors for those interested in having direct involvement with global economic growth initiatives.