Frequently Asked Questions
What is HAEIFC's Core Mission ?
To fund projects that create new living wage jobs and attract investment and economic diversification in Benton and Franklin Counties.
How was HAEIFC formed?
HAEIFC was established by the Washington State Legislature in 1991 to finance projects to expand and diversify the economy and decrease dependence on U.S. Department of Energy operations in Benton and Franklin counties.
How is HAEIFC funded?
HAEIFC receives a portion of fees collected from the deposit of low-level radioactive waste at the Hanford Nuclear Reservation. The committee distributes these funds through a revolving loan program to qualified businesses and municipal corporations.
Who is eligble for HAEIFC funds ?
Loans are awarded to various corporations when there is compelling evidence that such loans will enhance the local economy and further economic diversification. Loan applicants must have been turned down for a loan from a traditional lending institution and demonstrate the ability to repay the loan. For more information on our loan program click here.
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