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Commerce staff outlines Economic Development Initiatives Fund allocations and limits
Summary
Jacob Clesby briefed the Committee on Federal and State Affairs on the EDIF for FY2025–27, detailing covered agencies, statutory uses, and the relationship between gaming revenues and EDIF transfers, including a $50 million SGRF credit cap and a $2 million statutory transfer to the state water plan.
Jacob Clesby, speaking for the Department of Commerce materials team, presented an overview of the Economic Development Initiatives Fund (EDIF) for fiscal years 2025 through 2027 to the Committee on Federal and State Affairs.
Clesby summarized which agencies and programs the EDIF supports, including the Department of…
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