COVID-19 will have a dramatic impact on business and municipalities for several years. When people stop working and curtail the buying of goods and services, it translates into a precipitous decline in sales tax revenues for state and local governments. A prolonged economic downturn will further drive up unemployment, which will trigger a decline in property values and therefore a decline in future property tax revenues for municipalities. Those funds are used for public safety, community health, and general government functionality. Everything must be done to restore the economy, grow employment, and enhance economic prosperity.
Holman Capital and our institutional investors will provide ideas and capital to municipalities by financing operating expenditures and infrastructure to stabilize communities. The goal is to save US jobs, accelerate the recovery process, and enhance municipal preparedness.
Join Christopher Schwarz, Ph.D., Associate Professor of Finance and Lance S. Holman, Holman Capital Corporation as they speak about COVID-19 and capitalizing municipal governments.
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Professor Schwarz has been at the Paul Merage School of Business since July 2008. Prior to arriving at UCI, he received his Ph.D. from the University of Massachusetts Amherst. During his doctoral studies, he was also a Visiting Doctoral Fellow at Yale University’s International Center of Finance in 2007 and the Advisory Editor at the Review of Financial Studies. He received his B.S. from Babson College in Wellesley, MA. Prior to receiving his doctorate, Professor Schwarz worked in the IT industry writing custom applications for medium sized businesses.
Lance S. Holman manages the mission, strategic direction, and operational planning for Holman Capital Corporation. He has over 25 years of corporate and public sector finance experience in product development, capital deployment, and institutional investments.
He has worked for SunTrust Equipment Finance & Leasing Corp. and Chase Equipment Finance originating and structuring tax-exempt lease and debt obligations for public agencies. He has extensive experience financing capital equipment, aircraft, real property, technology, infrastructure, and building efficiency transactions with a broad range of borrowers and investors. Before that, Mr. Holman held management positions with Ford Motor Credit in global product strategy and US Bank in institutional investments.
Mr. Holman earned his undergraduate degree in Public Finance at Indiana University and went on to earn his MBA & M.S in Finance at the University of Colorado in 1993. He presently resides in Orange County, CA.