Missouri Development Finance Board
200 Madison Street
Suite 1000
Jefferson City, MO 65101
Phone:
(573)-751-8479
Fax:
(573)-526-4418
Email:
mdfb@ded.mo.gov
Website:
http://www.mdfb.org/
Director: Mark Stombaugh
Details on Board or Commission
Authority:
RSMo 100.265
Department:
Economic Development
Mission:
To assist infrastructure and economic development projects in Missouri by providing the critical component of the total financing for projects which have a high probability of success but are not feasible without the Board's assistance.
Function:
The Missouri Development Finance Board administers a range of financing programs for Missouri business, local governments and state agencies; issues taxable or tax-exempt industrial revenue bonds or notes; provides market rate or low-interest loans and grants to political subdivisions to fund public infrastructure improvements.
SubCommittees:
Personnel, Finance, Audit, Executive
Details on Meetings
Number of meetings:
12 meetings; committee meetings as needed
Location of meetings:
Jefferson City (January-May); varying locations (June-December)
Duration of meetings:
1/2 day; planning meetings, 2 days
Preparation time for meetings:
1 to 2 hours
Total time commitment:
5 to 6 hours
Details on Members
Total members:
12
Appointed members:
8
Term length:
4 years
Compensation:
Members receive reimbursement for realized and necessary expenses.
Member Requirements:
1 member must be the Director of the Department of Economic Development; 1 must be the Director of the Department of Agriculture; 1 must be the Director of the Department of Natural Resources; 1 must be the Lieutenant Governor; 8 must be appointed by the Governor
Political Requirements:
yes, not more than 5 of the members appointed by the Governor may be members of the same political party
Geographic Requirements:
yes, members must reside in Missouri at least 5 years preceding appointment
Senate Consent Required:
Yes
Members
David Wasinger(R)
Lieutenant Governor
Director Michelle H. Hataway
Department of Economic Development Director
Director Kurt Schaefer
Department of Natural Resources Director
Term begins: Jan 23, 2025
Director Chris Chinn
Department of Agriculture Director
Mr. Rick Holton Jr.(R)
Governor Appointed Member 1
Term begins: Feb 25, 2021
Term expires: Sep 14, 2024
Mr. John Parry(R)
Governor Appointed Member 2
Term begins: Dec 16, 2020
Term expires: Sep 14, 2024
Ms. Marie Carmichael(D)
Governor Appointed Member 3
Springfield
Term begins: Feb 19, 2019
Term expires: Sep 14, 2020
Ms. Jessica L. Craig(R)
Governor Appointed Member 4
Florence
Term begins: Nov 7, 2023
Term expires: Sep 14, 2027
Mr. Jonas P. Arjes(R)
Governor Appointed Member 5
Walnut Shade
Term begins: Nov 7, 2023
Term expires: Sep 14, 2027
Mr. Matthew L. Dameron(D)
Governor Appointed Member 6
Kansas City
Term begins: May 5, 2016
Term expires: Sep 14, 2019
Mr. Brent Thomas Buerck(R)
Governor Appointed Member 7
Perryville
Term begins: Nov 21, 2023
Term expires: Sep 14, 2026
Mr. Dan E. Cranshaw(D)
Governor Appointed Member 8
Term begins: Dec 16, 2020
Term expires: Sep 14, 2022