Pennsylvania cities both large and small are facing a looming financial crisis. Rising pension costs have the potential to cripple many of these economies to the detriment of residents and businesses alike. Here, panelists will discuss way in which we can secure the financial future of municipalities in the Commonwealth.
November 19, 11:00am – 12:45pm
Location: Hall of Flags
Public Financial Management
Katherine Clupper is a Managing Director in the Philadelphia office with the financial advisory practice and works with issuers in the Mid-Atlantic Region. In addition, she assists in the development of non-profit and higher education clients in Pennsylvania, Maryland, New Jersey and Delaware.
Ms. Clupper brings almost 30 years of experience working for both investment banking firms and financial advisory firms in Philadelphia. She has been responsible for business development in Pennsylvania, New Jersey, Delaware and Maryland, working with a range of issuers providing financial advice in the area of debt management and capital financing.
In 1987, Ms. Clupper left the City of Philadelphia as Assistant to the Director of Finance, where she worked for the City Treasurer’s Office in debt management; acting as issue manager for approximately one billion dollars of securities. She has also worked for the Pennsylvania State Legislature.
Ms. Clupper has served as financial advisor for several large municipal issuers such as City of Philadelphia, the City of Baltimore, the City of Wilmington, Philadelphia Industrial Development Authority and the Pittsburgh Water and Sewer Authority.
She currently works with several state level issuers such as the Pennsylvania Industrial Development Authority, State of Maryland, Maryland Stadium Authority, Commonwealth Financing Authority and the Pennsylvania Industrial Development Authority. Additionally, she provides financial advisory services to a variety of non-profit and higher education organization such as Temple University, Drexel University and the University of Scranton. Ms. Clupper has assisted her clients in successfully entering into the public markets, implementing best practices in managing their debt portfolio, analyzing and developing credit and long term asset/liability strategies.
Ms. Clupper has an MBA in finance from Temple University and currently serves on the Board of Directors of the Urban Affairs Coalition and Center in the Park, all serving neighborhoods in the City of Philadelphia. She is a member of the Forum of Executive Women and founding member of Ladies First, a Pennsylvania based women in public finance organization.
Chief Executive Officer
Blackford Ventures, LLC
He has extensive international business experience in addition to meaningful relationships at the local, state and federal government levels. Mike is a former State Senator (2006-2014), and during his tenure, chaired the powerful Senate Finance Committee as well as chairing the International Relations committee within CSG, and served on the Transition team of our current and two former governors. Mike is an entrepreneur of his own right and has owned and operated three companies employing over 150 people. Mike is best known for his work ethic, family values, accessibility and his desire to create business relationships that provide value for all parties.
Mercatus Center at George Mason University
Adam Millsap is a research fellow for the State and Local Policy Project at the Mercatus Center at George Mason University.
Adam has conducted research on urban development and growth, population trends, and federal and local urban public policy. His writing has appeared on Real Clear Policy, Real Clear Markets, and FEE Online. He has also written about economic policy for the Reason Foundation. Adam earned his PhD in economics from Clemson University and a BS in economics and a BA in comparative religion from Miami University
Stevens & Lee
Bob is Co-Chair of Stevens & Lee’s Bankruptcy and Financial Restructuring Department. He has been an active practitioner in the area of bankruptcy and creditors’ rights since 1979. He represents financial institutions, debtors, creditors’ committees, trustees and asset acquirers in all aspects of the corporate reorganization practice.
Bob is a Fellow in The American College of Bankruptcy, a national invitation-only honorary professional society of bankruptcy and insolvency professionals. He is also a Lecturer in Law at the University of Pennsylvania Law School.
Bob has been named to The Best Lawyers in America annually since the 2007 edition in the area of Bankruptcy and Creditor-Debtor Rights Law and was named “Lawyer of the Year” in the Philadelphia metro area in the area of Litigation – Bankruptcy. Since 2008, he has been recognized annually by international legal research publisher Chambers & Partners as one of the leading bankruptcy lawyers in Pennsylvania, an honor based on an intensive research process incorporating client feedback. As published in Philadelphia magazine, he was recognized as a Pennsylvania Super Lawyer from 2004 through 2015 by being selected by his peers as among the top 5 percent of lawyers in the Commonwealth. As part of this recognition, he was named one of the top 100 attorneys in Philadelphia in 2005 and 2006.
Among his more significant representations, Bob served as lead counsel to the debtors in the Chapter 11 reorganization of Almacs Supermarkets, Inc. (annual sales in excess of $100 million and liabilities in excess of $150 million) and Bidermann Industries, Inc. (annual sales in excess of $400 million and liabilities exceeded $300 million). He was also lead counsel to secured bank groups in Cellular Information Systems, Inc. ($100 million in bank debt) and C-4 Media Cable South, Limited Partnership ($30 million in bank debt) and lead counsel to the acquirers in the Chapter 11 reorganization of Harvest Foods, Inc., Delaware Valley Medical Centers and Sno Mountain.
Bob also served as lead counsel to EnerSys Delaware in connection with its successful opposition to an attempt by Exide Technologies to reject a critical trademark license agreement. The EnerSys litigation resulted in an important opinion from the United States Court of Appeals for the Third Circuit clarifying the standards for contract rejection