Washington Administrative Code Title 178 - Community, Trade, and Economic Development, Department of (Economic Development Finance Authority)
Washington Administrative Code (WAC) Title 178 pertains to:
Title 178 - Community, Trade, and Economic Development, Department of (Economic Development Finance Authority)
This title includes rules and regulations managed by the Washington Economic Development Finance Authority (WEDFA), which operates under the broader scope of the Department of Community, Trade, and Economic Development.
Purpose of Title 178:
WAC Title 178 governs the operations of WEDFA, focusing on:
Facilitating access to capital for private sector businesses.
Promoting economic development and job creation in Washington state.
Issuing tax-exempt and taxable revenue bonds to finance eligible projects.
Key Components Often Included Under This Title:
General Provisions
Definitions, organization, and procedural rules of WEDFA.
Bond Financing Programs
Rules related to the application, issuance, and administration of bonds for private and public projects.
Project Eligibility
Criteria businesses must meet to qualify for financial assistance (e.g., manufacturing, nonprofit, energy, and infrastructure projects).
Administrative Procedures
Hearings, appeals, public comment processes, and decision-making protocols.
Authority Background:
The Washington Economic Development Finance Authority (WEDFA) is a self-supporting agency created by the state legislature to help stimulate economic development. It does not receive state funds and primarily supports its operations through fees.
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