PFM Group Partners with HUD and Others in Support for Nation’s Cities

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National Resource Network: Solutions for Cities Launched

PFM Group

Today, the Obama Administration announced the launch of the National Resource Network: New Solutions for Cities (NRN), a program designed to allow communities nationwide to connect to a network of private and public sector experts who will provide local governments with strategic help on key economic issues and aid the turnaround of local economies. NRN is a three-year, $10 million technical assistance program funded by HUD and implemented by a consortium that includes the PFM Group (Public Financial Management, Inc.) the nation’s leading independent municipal finance advisory firm. In addition to PFM, the consortium includes Enterprise Community Partners, HR & A Advisors, New York University’s Robert F. Wagner Graduate School of Public Service, and the International City/County Management Association. PFM Managing Director David Eichenthal serves as the NRN Executive Director.

For HUD's official press release, click here.

PFM’s CEO John Bonow underlined the depth of PFM’s commitment to the project’s success.

“As the nation’s leading independent financial advisor for local, state, and regional government entities, PFM understands the tremendous need to provide sustainable solutions and strategic assistance to communities throughout the country and we are honored to be working with the National Resource Network’s consortium of organizations. In our work with communities across the nation, PFM has developed hundreds of financial and management plans to help cities succeed, and we are strongly committed to this initiative and its promise to make positive, long lasting impacts in people’s lives,” he concluded. “Moreover, we are especially honored that one of our Managing Directors, David Eichenthal, was chosen to serve as NRN’s Executive Director in conjunction with our work.”

“The National Resource Network will draw on the best ideas of the private, public, and non-profit sectors to help mayors and city managers overcome challenges and work toward sustainable, long-term economic recovery,” added PFM’s David Eichenthal.

For almost four decades, PFM has built a strong presence in the municipal marketplace. PFM is a registered independent municipal advisor with the SEC and the MSRB under the Dodd-Frank Act of 2010, and has been ranked number one nationally in debt transactions for the past sixteen years, according to Thomson Reuters. PFM is also well-known for its management and budget consulting, and has worked on long-range financial planning efforts for cities including Baltimore, Philadelphia, and Washington, DC. PFM’s consulting team also delivers Fiscal Recovery and Budgeting, Organizational Improvement, Workforce Consulting, Health and Human Services Management Consulting and Retirement Finance assistance to states, cities, schools, and other public sector entities across the nation.

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Sandra Sosinski
PFM Group
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