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 Area
Transportation and Economic Development
Governor Appointments
10
Total Board Positions
17
Public Disclosure Required?
Yes
Senate Confirmation Required?
No
Compensation
Reimbursement of Expenses
Term Length (years) 4
Statutory Term Limits
Board 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.
