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