Community Economic Revitalization Board awards grants for feasibility studies in Snohomish County
OLYMPIA, WA – The Community Economic Revitalization Board (CERB) today announced $100,000 toward public infrastructure development and new economic feasibility studies on the Arlington Marysville Manufacturing Industrial Center near Smokey Point in Snohomish County. The center spans over 4,000 acres including land within the boundaries of both Arlington and Marysville, with close access to Paine Field and Interstate 5. Capacity for additional development includes partially used, redevelopment and vacant sites.
The CERB funding approved yesterday afternoon will help pay for two consecutive feasibility studies to establish a master plan, economic development, an investment and transportation strategy to facilitate infrastructure improvements and accommodate, attract, and retain industrial and manufacturing uses.
• Snohomish County: $50,000 grant to the city of Arlington for its portion of the center, approximately 57 percent of the area. The CERB grant is matched by $16,667 in local resources.
• Snohomish County: $50,000 grant to the city of Marysville for its portion of the center, approximately 44 percent of the area. The CERB grant is matched by $16,667 in local resources.
“The Community Economic Revitalization Board is dedicated to helping communities across the state develop the infrastructure to attract, retain and grow businesses and jobs. These investments will have a positive economic impact at a time when it is needed the most,” said CERB Chair Randy Hayden.
“I applaud this collaboration between the cities of Arlington and Marysville toward a regional economic development strategy that can potentially multiply the impact of the state’s investment,” said Brian Bonlender, director of the Washington State Department of Commerce. “Working together, they are creating opportunities for new business growth and manufacturing jobs that will strengthen communities throughout Snohomish County.”
The release of CERB funds to these projects is contingent upon each applicant completing specific pre-contract requirements, such as finalizing other funding sources and obtaining necessary permits.
Since 1982, CERB has committed nearly $176 million to local jurisdictions across the state, an investment generating more than 35,000 jobs, and private capital investments of a $5.6 billion ($34 to $1) return on CERB investment.
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. Learn more about CERB at www.commerce.wa.gov/cerb.
Penny Thomas, firstname.lastname@example.org, (206) 256-6106