Washington Community Economic Revitalization Board invests $5.1 million in four counties
The Port of Pasco clean energy project, which is expected to create more than 400 jobs, is one of four projects approved for funding at the January CERB meeting.
OLYMPIA, WA – The Washington State Community Economic Revitalization Board (CERB) today approved $3,937,996 in low-interest loans and $1,136,999 in grants for economic development and improving public infrastructure.
The funded projects are located in Franklin, Jefferson, Okanogan and Skamania counties and will drive business growth and job creation.
- Franklin County – Loan of $2,237,996 and grant of $736,999 to the Port of Pasco for the “Tri-Cities Airport Business Center Road/Circulation Project”. This project involves the construction of 2,000 feet of new two-lane road, including a curb, gutter and sidewalk, a municipal water and sewer line and 2,000 feet of traffic lane. This project is expected to create 412 jobs at a wage above the county median wage. Solgen Power, LLC, a committed private partner, is investing $5 million in the renewable solar power operations expansion project. CERB funds are matched by $736,999 in local resources.
- Skamania County – Loan of $1.7 million and grant of $300,000 to the Skamania County Port for the “Cascades Business Park Building #1” project. This project will construct infrastructure and a 50,000 square foot building, and is expected to create 91 jobs at wages above the county median wage. CERB funds are matched by $5 million in federal resources and $716,962 in local resources.
- Jefferson County – Grant of $50,000 to the Port Townsend Harbor for the “Western Shipyard Expansion Project”. This project consists of a preliminary site plan and layout of the proposed expansion, conceptual engineering design, environmental impact analysis and permitting. CERB funds are supplemented by $50,000 from local resources.
- Okanogan County – Grant of $50,000 to the Confederate Tribes of the Colville Reservation for “Colville Tribes Ammunition Manufacturing Feasibility Study”. This project consists of a strategic plan to establish a munitions manufacturing plant within or near the Colville Indian Reservation. CERB funds are matched by $16,667 in local resources.
“CERB’s mission to create jobs and build sustainable economies across the state is vital to Washington. This mission helps local governments and tribes fund their vision for the future. In the spirit of economic recovery, these investments and CERB’s mission are more important than ever. said CERB President Randy Hayden.
The release of CERB funds for these projects is dependent on each applicant fulfilling specific pre-contractual requirements, such as finalizing other sources of funding and obtaining necessary permits.
Since 1982, CERB has committed nearly $203 million to local jurisdictions across the state, investment generating more than 36,000 jobs and private capital investment of $5.8 billion – a 29-to-1 return $ on CERB investments. Read CERB’s 2020 Legislative Report and CERB’s 2020 Rural Broadband Legislative Report to learn more.
As Washington’s strategic economic development resource, CERB focuses on private sector job creation in partnership with local governments by funding infrastructure improvements. These improvements encourage the development and expansion of new businesses. In addition to funding construction projects, CERB provides limited funding for studies that assess high priority economic development projects.
Learn more about CERB at www.commerce.wa.gov/cerb.