Survey Questions for Economic Development Organizations (For Aug. - Sept. Open-Forum discussions)

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 1 of 4

Economic Development Survey for FHLBank of Pittsburgh Participants
Please respond to the following questions to assist the Federal Housing
Finance Agency in identifying the nation's unmet economic development
credit needs. Your responses are important to us. The Federal Housing
Finance Agency is administering this voluntary survey. Your responses will
be anonymous and will only be associated with the type of your
organization. Your responses will also be provided to the Federal Home
Loan Bank (FHLBank) as written (i.e., unedited) to facilitate the open-forum
discussion.
This survey should take no more than 10 to 15 minutes to complete. Thank
you very much for taking part in this survey.
OMB No. 2590-XXXX, Exp. Date: MM/DD/2010.

1

Please check the federal, state, or local economic development
funding programs that your organization participates in? (select all that
apply)
Small Business Administration (SBA) 7(a) Program
Small Business Administration (SBA) 504 Program
U.S. Department of Agriculture (USDA) Rural Community
Development Initiatives
U.S. Economic Development Administration (EDA)
State/local economic development authorities
Other (please specify):

2

What are the biggest economic problems your market has faced in the
past 2 years? (please select only your top three)
Decline of a major industry (e.g. auto) - If selected, please
identify the major industry in the "other" field below.
Decline in sources of funds
Decline in private sources of funds
Decline in Federal sources of funds
Decline in state sources of funds
Decline in local sources of funds
Decline in business credit demand

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8/18/2010

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 2 of 4
General decline in small business activity
High unemployment
Lack of public infrastructure to support development
Lack of local government concessions (e.g., tax abatements)
More restrictive credit requirements
Other (please specify):

3

Rank the following purposes of business credit for which there is an
unmet demand in your market. (1 = Most Important, 4 = Least
Important).
1

2

3

4

Equipment
Expansion
Permanent Working Capital
Premises/Real Estate

4

What is currently the most difficult portion of an economic
development funding package for your organization to obtain?
Loan from private lender
Guarantees/credit enhancements
Gap financing
Equity
Other (please specify):

5

Please describe the types of economic development initiatives that
you think will be creating demand for long-term financing (maturities of
5 years or more) in your market area in the next five years (e.g.,
evolving industries, small businesses, relocation packages for regional
or national business headquarters, local government expansion).
5

6

6

What types of economic development initiatives have been successful
in your organization's service area; for example, initiatives that have

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8/18/2010

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 3 of 4
created jobs, provided new public services, or revitalized a specific
geographical area?
5

6

7

Are you familiar with the FHLBank's targeted economic development
funding program?
Never heard of the program.
Yes, but have not obtained funding through it.
Yes, have worked with an FHLBank member to obtain funding.

8

If your organization has obtained funding from a member using a
FHLBank's targeted economic development program, what are the
features of the FHLBank's program that you are most satisfied
with? (1 = Very Satisfied, 5 = Least Satisfied)
1

2

3

4

5

Term
Additional Comments:
5
6

Pricing
Additional Comments:
5
6

Targeting of purpose
Additional Comments:
5
6

Eligible ways to use funds for targeted purposes
Additional Comments:
5
6

Other (please specify the "other" in the additional comments box
below)

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8/18/2010

Economic Development Survey for FHLBank of Pittsburgh Participants Please respond to the fol... Page 4 of 4
Additional Comments:
5
6

9

What economic development needs (e.g., types of industries,
geographic areas, or other) do you think should be targeted for
FHLBank economic development funding?
5

6

10 Does your institution have small business, small farm, or agribusiness
and other community development loans/assets to use as collateral
for economic development advances from the FHLBank?

11 Please identify your organization type from the drop down list below.
6

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8/18/2010

#11 Drop down list