OLYMPIA – The Washington State Community Economic Revitalization Board (CERB) today named 18 projects selected to receive $10.9 million in grants for building public infrastructure to support local community revitalization and economic development efforts.
CERB received $12 million in funding through two new temporary grant programs
approved by the 2012 Legislature. The Board conducted a two-phase competitive process resulting in grant awards to projects that will support growth of local economies and improve community vitality. Over the summer application period, CERB received a total of $48.3 million in requests from 100 jurisdictions seeking the new grants.
“Strategic infrastructure funding is the foundation of economic growth,” said Mark Urdahl, CERB Chair. “Local jurisdictions need these public services to attract and support businesses and jobs.”
Economic Development Grants support business recruitment and retention projects connected to the creation of direct family-wage jobs. Community Revitalization Grants target projects which revitalize downtown business districts and increase local economic activity. Grants from both of these programs must be used for infrastructure construction.
In September 2012, CERB also awarded nine Community Revitalization Micro-grants
totaling $154,745. Micro grants are less than $20,000 each and required no local matching funds, creating a unique opportunity for small communities to implement meaningful local projects.
“As our broader economy continues to rebound, state investments in these local infrastructure projects are essential for communities to pursue their goals for business development and job growth,” said Department of Commerce
Director Rogers Weed.
As Washington’s strategic economic development resource, CERB is focused on creating private sector jobs in partnership with local governments by financing infrastructure improvements. These improvements encourage new business development and expansion. In addition to funding construction projects, CERB provides limited funding for studies that evaluate high-priority economic development projects. CERB receives administrative support from the Washington State Department of Commerce.
Commerce is the lead state agency charged with enhancing and promoting sustainable community and economic vitality in Washington. For more information, visit www.commerce.wa.gov
. For information on locating or expanding a business in Washington, visit www.choosewashington.com