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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 | http://wedfa.org/board.html |
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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.