Port Economic Development Corporation

Port Economic Development Corporation

The Port Commission created the Port Economic Development Corporation (Port EDC) in 1983 (Resolution 926) to facilitate local economic development and employment opportunities in the Port district (authorized by Section 103 of the IRS code).

The Port EDC board consists of five members, with the elected Port Commissioners serving as president, vice president and secretary. The Commission appoints two citizen members to the remaining board seats. Citizen members serve two-year terms and can be reappointed.

Current Board Members

  • Joe Downing, Commissioner
  • Bill McGregor, Commissioner
  • E.J. Zita, Commissioner
  • Dan Neuhauser, Citizen at Large
  • Dick Wadley, Citizen at Large

Small Cities Program

Due to COVID-19, the Small Cities Program was suspended for 2020.

The intent of the Small Cities Program is to assist with projects that will contribute to local economic development. The program requires an equal cash match from the city. The Port awards the funds after the city has completed the project and submitted the required information.

Below is information about prior year awards.

  • 2019 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
  • 2018 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
  • 2017 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
  • 2016 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
  • 2015 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
  • 2014 - $10,000 each to Bucoda, Rainier and Yelm, and $5,000 to Tenino
  • 2013 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
  • 2012 - $10,000 each to Bucoda, Rainier and Yelm
  • 2011 - $18,700 for Bucoda and Yelm

Additional information about the Small Cities Program:

Industrial Development Revenue Bonds

Industrial Development Revenue Bonds (IDRB) are tax-exempt debt obligations issued by public corporations to support manufacturing, processing and utility-type economic development projects. As the issuing agency for these bonds in Thurston County, the Port EDC welcomes your interest in IDRB financing.

Contact Information

For more information about the Small City Program, please contact the Port's Finance Manager, 360.528.8048.