Thomas Denaway

Thomas J. Denaway



+1 (651) 223 3075

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Tom Denaway, a director at Baker Tilly Municipal Advisors, LLC, has been with the firm since 2005.

Tom is a member of Baker Tilly’s housing and economic development practice. He performs analysis for the use of a variety of economic development, redevelopment and housing programs in the Midwest region, including property and sales tax increment, special improvement districts and tax abatement.

  • Provides technical support and assistance to clients in various specialty financing projects
  • Tasks performed include revenue projections, operating cash flow projections, cost benefit analysis, tax impact analysis, bond cash flow analysis, rate of return analysis, developer need for assistance, repayment risk analysis and annual TIF reporting services
  • Assists in providing annual TIF reporting services
  • Experience with economic incentive programs in Missouri, Kansas, Minnesota and Wisconsin
  • Served as the management analyst for a Minnesota city
  • Assisted with the preparation of budgetary items, was the primary staff person for the Planning Commission and provided support to the acting city administrator
  • Utilizes expertise gained through his service as a member of a local city’s economic development authority
  • Economic Development Association of Minnesota (EDAM)
  • Hugo Economic Development Authority, Commissioner since 2005
  • Economic Development Finance Professional (EDFP)


University of Minnesota – Duluth
Bachelor of Arts, political science; minor, international studies

Registered Municipal Advisor with the Securities and Exchange Commission