By Board of Directors Public Finance Authority
January 20, 2021, 10:12 a.m. EST
Ten years ago, in the midst of the Great Recession, organizations representing local governments at the state and national level — the National Association of Counties, National League of Cities, Wisconsin Counties Association and League of Wisconsin Municipalities — advocated for the creation of a finance vehicle responsive to the economic development needs of local government. From this idea, the Public Finance Authority (PFA) was born.
As Matt Chase, CEO and Executive Director of the National Association of Counties, explained, “PFA exists to provide local government a meaningful market-driven solution in addressing this country’s economic challenges by fostering economic development at the local level and improving the overall quality of life in communities in Wisconsin and throughout the country.”
The need for a local government seat at the finance and economic development table is incredibly important today as our country again faces challenging times.