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
Policy AreaTransportation and Economic Development
Governor Appointments10
Total Board Positions17
Statutory AuthorityRCW 43.163.020
Public Disclosure Required?Yes
Senate Confirmation Required?No
CompensationReimbursement 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.