Economic Development Finance Authority, Washington
WEDFA was created by the legislature to act as a financial conduit to businesses through the issuance of nonrecourse revenue bonds and has the authority to issue these bonds on both a taxable and tax-exempt basis in support of qualifying projects —primarily manufacturing, processing and waste disposal facilities. WEDFA cannot assist retail projects.
| Board Website | https://wedfa.org/board.html |
|---|---|
| Policy Area | Transportation and Economic Development |
| Governor Appointments | 10 |
| Total Board Positions | 17 |
| Statutory Authority | RCW 43.163.020 |
| Public Disclosure Required? | Yes |
| Senate Confirmation Required? | No |
| Compensation | Reimbursement of Expenses |
| Term Length (years) | 4 |
| Statutory Term Limits |
Member Requirements: Ten general public members with interest or expertise in agriculture, finance, trade or job creation, three of whom live east of the Cascades, and one who is a representative of a minority-owned business and one who is a representative of a woman-owned business.