Port EDC

Port Economic Development Corporation

Overview

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 currently consists of the elected Port Commissioners serving as president, vice president and secretary, and one Citizen member appointed by the Commission.

Update Coming Soon!

As our new Port Commission sets sail in 2024, we anticipate updates to this page in February 2024. During this time we will be working to provide you a more informative page that better serves your needs around our economic development initiatives. Keep an eye out for more details regarding the update.

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.

Small Cities Program

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.

2022 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
2021 - $10,000 each to Bucoda, Rainier, Tenino and Yelm
2020 - program suspended due to Covid-19
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

Additional Information

For more information about the Small Cities Program, please contact the Port’s Finance Department by emailing Finance@PortOlympia.com

606 Columbia St. NW, Suite 300

Olympia, WA 98501