STEPHEN P. MULLIN Econsult Solutions, Inc.

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STEPHEN P. MULLIN Econsult Solutions, Inc. 1435 Walnut Street, 4 th Floor, Philadelphia, PA 19102 phone: 215.717.2777 email: mullin@econsultsolutions.com CURRENT POSITION President and Principal, Econsult Solutions, Inc. Philadelphia, PA (2013 present) Senior Vice President and Principal, Econsult Corporation Philadelphia, PA (2000 2012) Economic consulting practice with focus on state and local public policy and public finance, economic and real estate development, economic impact analyses, tourism and economic development, business-government incentives, education finance and policy. CURRENT BOARD DIRECTORSHIPS/TRUSTEESHIPS/ADVISORY Optimum Fund Trust Mutual Fund, Independent Trustee NASDAQ OMX Futures Exchange, Inc. Arden Real Estate Funds I & II Advisory Board The Haverford Trust Company Advisory Board Independence Visitors Center Corporation Library Company of Philadelphia Philadelphia History Museum at Atwater Kent Philadelphia Presbyterian Foundation and NewCourtland Elder Services World Trade Center of Greater Philadelphia, Advisory Council Philadelphia Sports Congress CultureWorks Greater Philadelphia CONTEXT, AIA Philadelphia Publication, Editorial Board (2008 - Present) PROFESSIONAL ASSOCIATIONS/CIVIC ACTIVITIES/MEMBERSHIPS Harvard Club of Philadelphia Board, (President 2004-2005) Harvard Alumni Association, Regional Director for Clubs and SIGs (2011-3) Preservation Alliance Advocacy Committee The Union League of Philadelphia (former Director, 2003-5) The Philadelphia Club The Philadelphia Athenaeum Philadelphia 101 Connectors Urban Land Institute, Philadelphia Chapter Philadelphia Worriers Spring Garden Civic Association Board, (1998-9; 2013 present) The Pennsylvania Economic Development Association (PEDA), (2013 - Present) Lambda Alpha International Honorary Land Economic Society, Philadelphia Chapter PAST POSITIONS & ASSOCIATED MEMBERSHIPS

City Representative and Director of Commerce, City Of Philadelphia, 1993 to January 2000. Appointed October 1993 by Mayor Edward G. Rendell. Cabinet member responsible for economic development policy, coordination and implementation across all city development agencies. Responsible for business retention and attraction efforts, economic development project coordination, and international business efforts. Oversight responsibility for Aviation Division/Philadelphia International and Northeast Airports (including capital budgeting and strategic planning). Chair, Mayor s Economic Development Cabinet and Executive Committee. Oversaw Mayor s Business Action Team, Sister Cities Program and International Consular Corps, and Co-Chaired Mayor s E-Commerce Commission Board/Commission Memberships Included: Airport Advisory Board, American Street Corridor Business Association, City Planning Commission, Convention & Visitors Bureau, Economics & Entrepreneurship Advisory Board, Entrepreneur s Forum, Greater Philadelphia First Economic Development Partnership, International Visitors Center, Historic Philadelphia, Inc., Mayor s Housing Cabinet, Japan-America Society, Penn s Landing Corporation, Philadelphia Authority for Industrial Development, Philadelphia Commercial Development Corporation, Philadelphia Developers Alliance, Philadelphia Historic Commission, Philadelphia Industrial Development Corporation, Philadelphia Orchestra, Pennsylvania Convention Center Expansion Advisory Committee, Airport Advisory Board, Port of Philadelphia and Camden, Inc., Private Industry Council, and the Workforce Investment Board. Director of Finance, City Of Philadelphia, 1992-1993. Chief Financial Officer appointed by Mayor Rendell in March 1992. Cabinet member responsible for financial and fiscal policy development and directly oversees all city financial activities, including Budget, Accounting, Revenue Collection, Treasury Functions, Procurement, Minority Business Enterprise Council and Bureau of Administrative Adjudication. Board/Commission Memberships Included: Chairman of the Municipal Pension Board and a member of various boards and commissions, including Administrative Board, City Planning Commission, Pennsylvania Convention Center Authority, Criminal Justice Coordinating Commission, Mall Maintenance Corp., Mayor s Office of Community Services, Pennsylvania Intergovernmental Cooperation Authority, Penn s Landing Corporation, Philadelphia Authority for Industrial Development, Philadelphia Housing Development Corporation, Philadelphia Industrial Development Corporation, Philadelphia Historical Preservation Corporation, Port Corporation, Select Committee on Business Taxes and the Sinking Fund Commission. Deputy Director; Director of Commercial and Industrial Development; Chief Financial Officer, St. Louis Development Corporation 1990-1992. Responsible for business and commercial and industrial development policies/programs, including project financing and development (stadium, arena, convention center), real estate development, business loan programs and minority business development. Director of Corporate Development, Laclede Gas Company, 1988-1990. Developed, with senior management, strategic non-utility diversification strategies and responsible for identifying, analyzing, recommending and implementing acquisitions and nonutility investments. Reported to Chairman/CEO. Budget Director, City of St. Louis. 1982-1988. Developed and managed the City s annual budget; provided analyses of various fiscal issues and directed financial projects. Developed and implemented budget procedure reform program and performance budgeting, capital planning and budgeting procedures, measurement and evaluation, econometric forecasting and strategic planning procedures. Experience in service delivery productivity (including contracting out and privatization); long-term project financing (including Convention Center and Sports Facilities); revenue analysis and tax reform; public

provision of health care services. Economic Consultant to the Mayor, City of St. Louis, 1982-1983, Directed project funded by Civic Progress Grant through Public Enterprise Research Program, Wharton School. Restructured and computerized municipal budgetary process and developed econometric forecasting and analysis capability for City. RELEVANT SKILLS/AFFILIATIONS Graduate and Undergraduate Level Teaching for over 30 years. Courses include Public Finance, Political Economy, Revitalization of cities Public-Private Partnerships, Cost-Benefit Analysis, Municipal Budgeting, Urban and Regional Economics and Fiscal Policy, Economics of e-commerce, Economic Theory, Statistics, Econometric Forecasting, Introductory Economic Theory, Monetary Economics, International Economic Development, and Health Care Economics. Adjunct Faculty Positions. Drexel University, University of Pennsylvania (Wharton School, Fels Center of Government, City and Regional Planning); Philadelphia University, LeBow College of Business and School of Public Policy, Peirce College; Temple University, Widener University, Bryn Mawr College, St. Joseph s University, St. Louis University; Southern Illinois University at Edwardsville; Maryville College; Washington University; University of Missouri, St. Louis. Teaching includes online courses at Drexel, Philadelphia University and Peirce College. Speaker and Panelist. Moderated and served on panels for various community and professional organizations in St. Louis and Philadelphia. Made presentations at seminars and before associations and industry trade groups, and testimony before local government committees and legislatures. Often quoted in Print and TV media on economic matters. Delivered keynote addresses at many functions and meetings. Represented Mayor and City at official functions, including international visits. Expert witness in cases involving the City of St. Louis and in the City of Philadelphia. Publications. Include articles and op-eds in local media, and regional and national trade journals on education finance, health care policy, e-commerce policy, real estate development, public sector finance and budgeting, state and local taxation, and brownfields redevelopment, and public-private partnerships in economic development (EDA Research Review). Awards. Selected Philadelphia Business Journal 40 Under 40 (1992) and one of Philadelphia s 101 Most Connected (2006). E-Commerce Activities. Co-Chaired Mayor s e-commerce Commission. Teaches Economics of e- Commerce courses at Philadelphia University & Drexel University. Assisted Drexel, Philadelphia University and Temple University Business Schools in developing e-commerce curriculum. Served as director/advisor to various Internet startup companies. Deliver speeches; serve on panels and discussions of e-commerce activity. FORMER PROFESSIONAL MEMBERSHIPS/AFFILIATIONS/BOARDS Philadelphia Community College of Philadelphia Foundation The Pennsylvania Ballet Philadelphia Mural Arts Program Advisory Board (2009-2011) Design Advocacy Group of Philadelphia (Steering Committee, 2004-2011) UCI Architects, Inc. (Advisory Board 2009-2010)

Greater Philadelphia Urban Affairs Coalition Policy Committee, (2009-2010) Fairmount Park Conservancy (2006-2010) GPUAC Policy Committee (2009-2010) Rock School for Dance Education (Director 2004-2009) Curtain Call Creations (Director 2007-2008) Historical Society of Pennsylvania, Treasurer (Trustee 1996-2007) Partnership for the Delaware Estuary (Director 2007) Pennsylvania Economy League Leadership Council (2006) Philadelphia Food Marketing Task Force (2003) Greater Philadelphia Regional Review Research Advisory Group (2000-2002) Union League of Philadelphia Board of Directors, (2003-2005) Charter School Resource Center, (2002-2004) Real Estate Committee, PENJERDEL Council, (2001-2003) Philadelphia International Leadership Initiative/Eisenhower Exchange Advisory Committee, (2000-2005) National Association of Business Economists (Philadelphia Chapter), (2000-2004) Ben Franklin Technology Partners Research Advisory Committee, Co-Chair, (2000-2003) Metropolitan Philadelphia Policy Center Research Committee (2000-2001) University City Science Center Board; Finance Chair, (2000-2002) Chairman, Commercial Realty Review Advisory Board, (2000-2003) Xportical.com, Inc. Advisory Board, (2000-2001) Airport Advisory Board, (1993-2000) American Street Corridor Business Association, (1993-2000) City Planning Commission, (1992-2000) Convention & Visitors Bureau, (1993-2000) Economics & Entrepreneurship Advisory Board, Entrepreneur s Forum, (1993-1995) Greater Philadelphia First Economic Development Partnership, (1993-1995) Historic Philadelphia, Inc., (1993-2000) Mayor s Housing Cabinet, (1993-2000) Japan-America Society, (1993-2000) Penn s Landing Corporation, (1993-2000) Philadelphia Authority for Industrial Development (1992-2002) Philadelphia Commercial Development Corporation, (1993-2000) Philadelphia Developers Alliance, (1993-2000) Philadelphia Historic Commission, (1993-2000) Philadelphia Industrial Development Corporation, (1992-2000) Philadelphia Orchestra, (1993-2000) Pennsylvania Convention Center Expansion Advisory Committee, (2003) Airport Advisory Board, (1993-2013) Port of Philadelphia and Camden, Inc., (1995-1997) Private Industry Council, (1993-1998) Workforce Investment Board (WIB), (1998-2000) PhilaPride Ambassadors Corps, 1992 to 1998 Director, Southeastern Pennsylvania Chapter of the American Red Cross, 1992-1996 St. Louis Chairman, St. Louis Convention Tax Commission, 1991 Board of Directors, Treasurer, Community Facility Corporation (St. Louis Arena), 1988-92 Board of Directors, Tickets Now, Ltd., St. Louis, 1988-92 Board of Directors, Midwestern Chapter Coro Foundation, St. Louis, 1988-92, Vice-Chairman The Harvard Club of St. Louis, 1984-92 Planning Committee, Downtown St. Louis, Inc., 1989-92 Board of Directors, Regional Housing Alliance, 1991-92 Board of Directors, Southside YMCA, St. Louis, 1990-92 Board of Directors St. Louis Private Industry Council, 1990-92

Phillips Exeter Alumni Association, St. Louis, 1985-92; Vice President, 1990-92 Treasurer, Board of Directors, Association for Corporate Growth, St. Louis, 1989-90 Finance Committee Chairman, St. Frances DeSales Parish, St. Louis, 1988-92 Investment Committee, St. Louis Equity Fund, 1989-90 Member of 1989-90 Leadership St. Louis Class Participant, British-American Successor Generation Program, 1990 Chairman, Mayor s Ad Hoc Committee on Budget Reductions, St. Louis, 1989 Vice Chairman, Board of Directors, St. Louis Aquacenter, Inc., 1988-89 Trustee, Firemen s Retirement System of St. Louis, 1988-89 Government Finance Officers Association, Committee on Government Budgeting, 1987-88 Board of Directors, Public Facilities Corporation of St. Louis, 1987-88 Director of Research Staff, Mayor s Commission on Tax Reform, 1987 Board of Overseers, St. Louis Regional Medical Center, 1986-88 ex officio; Finance Committee Board of Directors, St. Louis Regional Medical Center, 1986-88 Member, Missouri Council of Economic Advisors, Office of State Treasurer, 1986-88 Commissioner, Regional Justice Information Service (REJIS), 1984-88 American Economic Association, Member EDUCATION M.A. in Economics, University of Pennsylvania Philadelphia, PA (1982) Concentrations: Public Finance, Health Care and Labor Economics. Completed all course and examination requirements for Ph.D. degree (ABD) A.B. magna cum laude in Economics, Harvard University Cambridge, MA (1977) Graduated cum laude, Phillips Exeter Academy Exeter, NH (1973)