06 February 2006

Governor: Promoting economic development key to Kansas’ future

The Kansas economy is growing and creating jobs, partly because businesses and governments can make capital investments.

The Kansas Development Finance Authority plays a role in promoting those investments by working to make long-term capital financing available for public and private organizations, and today Governor Kathleen Sebelius announced the reappointment of three members to the authority.

“Businesses grow and create jobs when they invest in the future. It’s the same for governments at the state and local level. Being able to improve our roads and infrastructure helps us invest in the future of our state, and the KDFA plays an important role in making those investments possible,” Governor Sebelius said.

The following members were reappointed to serve a four-year term on the board. Each appointment has been confirmed by the Senate:

• Audrey Langworthy, Prairie Village
• John G. Montgomery, Junction City
• Daniel L. Watkins, Lawrence

The Kansas Development Finance Authority promotes economic development and the general welfare of the state of Kansas by improving the accessibility to long-term capital financing by state agencies, local governments, public and private organizations, and businesses.

The authority structures financing for capital projects through the issuance of taxable and tax-exempt bonds or other debt instruments. They also serve as a source of information on capital finance mechanisms available to state and local governments, and to certain private enterprises.