# Washington State Department of Commerce

Washington State Department of Commerce is an other based in Olympia, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Olympia, United States
- **Region:** North America
- **Address:** Olympia, WA, United States
- **Assets under management:** Undisclosed
- **Website:** commerce.wa.gov
- **LinkedIn:** https://www.linkedin.com/company/wastatecommerce

## Regulatory record

- **Reports private funds:** No

## About

The Washington State Department of Commerce is an economic development agency based in Seattle, Washington. It offers services such as site selection tools, workforce training programs, and export assistance. The agency serves sectors including aerospace, agriculture, clean technology, and information technology.

## People

- Mike Fong — Director

## Questions

### What is the investment posture of the Washington State Department of Commerce?

The department deploys capital through grants, revolving loans, and public-private contracts rather than equity investments. Its programs fund affordable housing, broadband infrastructure, and clean-energy projects, competing with private capital in areas where market returns are thin or capital is scarce.

### Does the Department of Commerce co-invest alongside private developers?

Yes, particularly through its Housing Trust Fund and Public Works Board programs. The department frequently partners with private developers and nonprofits, providing gap financing for affordable housing projects that require layered capital stacks to pencil out.

### What is the Clean Energy Fund's structure and mandate?

Washington's Clean Energy Fund operates as a revolving investment pool administered by the Department of Commerce. It provides financing for grid modernization, energy storage, solar deployment, and electric vehicle charging infrastructure, with repaid funds recycled into new projects.

### Who oversees grant allocation decisions at the Department of Commerce?

Director Mike Fong leads the agency, but allocation decisions follow statutory criteria set by the Legislature and are administered through division heads in Energy, Community Services, and Broadband. Competitive grant rounds involve scoring committees and public review processes.

## Related profiles

- [NUVIEW](https://altss.com/profile/nuview)
- [Teedup](https://altss.com/profile/teedup)

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Last updated: 2026-06-03T20:00:00.000Z

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