Karl F. Seidman is an economic development practitioner with over 30 years experience in program design and management, the financing and supervision of complex development projects, program evaluation, and the preparation of development plans and strategies. For 25 years, he was Senior Lecturer at MIT’s Department of Urban Studies and Planning where he taught graduate courses in Economic Development Finance, Economic Development Planning, and Commercial District Revitalization. His accomplishments include:
Building a $120 million state real estate finance and development authority.
Preparing over 25 local and regional economic development plans.
Completing feasibility studies, market analyses, financing packages, and marketing plans for multiple development projects.
Authoring laws that established two Massachusetts business finance agencies.
Participating in national evaluations of federal and foundation economic and community development programs.
Karl is an active leader in the economic development field. He is a founding director of the Boston Main Streets Foundation, a Past President of the Northeastern Economic Developers Association(NEDA) and former board member of the Council for Urban Economic Development (now IEDC).
Mr. Seidman served as Deputy Director and Chief Financial Officer of the Massachusetts Government Land Bank (now MassDevelopment), a state agency that finances and manages redevelopment projects, where his accomplishment included:
Overseeing the financing and management of $60 million in loans to over 70 projects, including industrial parks, multi-family and special needs housing, office buildings, retail centers and small business incubators.
Designing and implementing the Emerging Technology Fund and the Pre-development Assistance Program.
Implementing plans for the reuse of Fort Devens and redevelopment of the Gloucester State Fish Pier.
Securing $72 million in new capital through an asset-backed financing, tax-exempt bonds and taxable bonds.
His professional experience also includes Senior Associate at Mt. Auburn Associates, Research Director for the Massachusetts legislature’s Joint Committee on Taxation and Joint Committee on Commerce and Labor, and Economic Development Coordinator for the Town of Watertown.
Mr. Seidman holds a Master’s degree in Public Policy from Harvard’s Kennedy School of Government and a Bachelor’s degree in political science from Amherst College. He is the author of Coming Home to New Orleans: Neighborhood Rebuilding after Katrina, Economic Development Finance (a comprehensive textbook for the field), Revitalizing Commerce for American Cities: A Practitioner’s Guide to Urban Main Street Programs, and numerous consulting reports.