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CERB News
Port of Grays Harbor Terminal 1
State board invests more than $1 million in economic development projects
The Washington State Community Economic Revitalization Board (CERB) announced more than $1 million in public investments targeting job creation and business growth in Asotin and Cowlitz counties.
“CERB's investment in these projects will support local communities and help lift us out of the current recession,” said Gov. Chris Gregoire. “The projects will grow jobs and income, and build stronger communities for our families.”
Since 1982, CERB has committed more than $144 million to counties across the state, an investment generating nearly 36,000 jobs.
The board approved the following projects at today’s meeting:
Asotin County -
$190,000 in loans and grants to the City of Asotin for replacement of water lines and installation of fire hydrants in an industrial development recently annexed into the city. The project supports the retention and expansion of a machine and fabrication business in the development. As a result of this project, 17 jobs are expected to be created and retained, which will exceed the average county wage by 45 percent. It also provides for future industrial growth in the development.
Cowlitz County -
$1 million loan to the Port of Longview for the construction of a new 500-foot long by 50-foot wide dock that will accommodate Panamax size ships. The structure will primarily handle cargo for Export Grant Terminal Development, LLC’s, proposed $200 million grain export facility in the Port’s East Industrial Park. The project will create 50 jobs and is matched by $6.7 million in public funds.
The complete September 2009 CERB release may be viewed
here
.
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Washington State Department of Commerce