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
Lt. Governor Mike Kehoe
Lieutenant Governor
Acting Director Michelle H. Hataway
Department of Economic Development Director
Director Jered (Dru) Buntin
Department of Natural Resources Director
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