FirstStop helps local governments find financial and technical assistance for public works infrastructure projects

The Washington State Public Works Board announced their new FirstStop initiative, a collection of tools and services that helps communities identify available resources to move local public infrastructure projects forward. An online Resource Catalogue provides a first-stop referral system to financial, technical, and training resources provided by expert agencies, nonprofit organizations, associations and others. “Finding financing for infrastructure today is a challenging experience. With fewer resources available, small and medium sized communities are most directly affected.…

Washington Small Business Credit Initiative lands $31.5 million in private funding

Innovative public-private partnership produces funding The Washington Small Business Credit Initiative has attracted $31.5 million in new private investment to support loans to small businesses around the state, the Department of Commerce announced today. Commerce contracts with Craft3, a Community Development Financial institution, to manage a loan fund which helps small businesses, particularly those in economically disadvantaged communities, get the credit they need to grow. “Small businesses account for about…

State board invests more than $1.4 million to grow local economies

State funds support over $19 million in local match and private investment to target job creation in Clallam, Grant, Jefferson, Spokane, and Whatcom counties The Washington State Community Economic Revitalization Board (CERB) today approved $1.4 million in public investments, including a $500,000 low-interest loan to support the new AeroTEChangar at Port of Moses Lake where MRJ will conduct flight testing and certification beginning next year. Mitsubishi Regional Jet announced their choice of…

$9.5 million in federal grants awarded to 15 rural Washington communities

Grants range from $325,000 to $1 million for vital local projects throughout the state The Washington State Department of Commerce announced that 15 cities and counties will receive a total of more than $9.5 million in Community Development Block Grants (CDBG) for 2014. The 15 projects were selected from 39 grant applications requesting over $24 million.  They will improve rural water, sewer and street systems; support affordable housing; construct fire stations; and…

Washington State receives second highest SBA grant for boosting small business exports

State is top performer with $136 million in sales attributed to State Trade and Export Promotion (STEP) program since inception The U.S. Small Business Administration (SBA) has awarded the Washington State Department of Commerce a third year of federal funding to help state small businesses grow through exporting. The $494,200 grant, part of the SBA’s State Trade and Export Promotion (STEP) program, is the second largest state award from a total…

Steven Anderson named Community Economic Revitalization Board chair; five others appointed to new terms

James Jaime, David Rhoden, Daniel J. Seydel, Richard Bogert and Nicole Grant to serve on state board promoting jobs, economic development OLYMPIA, WA — Washington State Department of Commerce Director Brian Bonlender today announced the appointment of Steven Anderson to chair the Community Economic Revitalization Board (CERB).  Anderson, who has been CERB vice chair since September 2013, has served on the board since 2009 and currently represents small business for the area east of the…

Commerce grants $90K for Thea Foss Waterway redevelopment

State Brownfields fund to help Tacoma develop final three parcels for sale. OLYMPIA, WA –Finishing development of Tacoma’s Thea-Foss Waterway received a boost with a $90,000 grant from the Washington State Department of Commerce. The funding will enable Tacoma to prepare most of the remaining parcels for sale. The Thea-Foss Waterway Development Authority District consists of 17 parcels, covering 30 acres of waterfront property. These properties have been used for plywood…

Washington State Public Works Board recommends $ 173.8 million to fund 51 projects

Recommendations set stage for economic development through investment in critical infrastructure. The Washington State Public Works Board today unanimously voted to move 51 projects forward for funding consideration by Gov. Inslee and the state Legislature. Target results for these projects focus on a cleaner Puget Sound, energy savings, and improved traffic flow to help bolster economic growth and job creation throughout our state. The Board also recommended a reduced interest…

State Launches New Loan Assistance Program for Small Businesses

Department of Commerce adds an SBA Collateral Support Program to menu of credit assistance options available to businesses Olympia, WA – The Washington State Department of Commerce today announced a new revolving loan fund that will help increase access to credit through the Washington Small Business Credit Initiative. Small businesses are a key engine of growth in our state economy, accounting for more than 40 percent of all private-sector jobs and over $200…

State Building Code change reduces time, costs for homeowners to install home rooftop solar

The Washington State Building Code Council unanimously approved a change in state law that allows installation of simple rooftop solar photovoltaic (PV) systems without review by an engineer. This change removes an estimated $500 to $2,500 in project costs and up to eight weeks of wait time for homeowners without compromising structural safety, according to Tim Stearns, Senior Energy Policy Specialist at the State Energy Office in the Department of Commerce. “The Building…