Community Economic Revitalization Board
- Issuer
- Congressional materials
- Document type
- 2020 01 23 A26306 D210125 Community Economic Revitalization Board Program Update Ppt
- Date
- 2020-01-23
- Case
- 2020 01 23 A26306 D210125 Community Economic Revitalization Board Program Update Ppt
Summary
A slide presentation giving a program update on the Community Economic Revitalization Board (CERB), a state board created in 1982 in Chapter 43.160, Revised Code of Washington. The slides describe CERB's mission of financing public facilities and site planning projects to attract private business and create jobs, its funding account, eligible jurisdictions, eligible activities and projects it may not finance. A table of funding from January 2007 – January 2020 reports 163 projects with $46,871,315 in CERB funding and $463,902,894 in estimated private investment, split between rural and urban projects. Example projects from 2016, 2017 and 2018 total $960,000 in grants and $1,960,000 in loans, with a stated cost per job of $17,380. The presentation closes with contact slides for the board's Executive Director & Tribal Liaison.
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Full text
Community Economic Revitalization Board
CERB’s Mission
The Community Economic Revitalization Board (CERB) was created as a state board in
1982 in Chapter 43.160, Revised Code of Washington.
CERB provides financing for public facilities and site specific planning projects
designed to attract and retain private business, create permanent private jobs, and
promote economic development.
Community Economic Revitalization Board
Who Is CERB?
Investing in
Washington’s Economic Future
Community Economic Revitalization Board
CERB’s Funding Source & Staffing
Account 887 – Public Facility Construction Loan Revolving Account (PFCLRA)
2.3 FTEs
Community Economic Revitalization Board
CERB is designed to:
Finance public
Assist local
infrastructure
governments with
construction to support
economic development
private business
planning
development
Community Economic Revitalization Board
Core CERB’s Funding Programs
Planning Program
• Grants
Committed Private Partner
Prospective Development
• Loans/Limited Grants
Community Economic Revitalization Board
Cities & Towns
Counties
Federally Recognized Indian Tribes
Eligible Jurisdictions
Municipal & Quasi Municipal Corps
Port Districts
Special Purpose Districts (e.g. PDAs, PUDs)
Community Economic Revitalization Board
Economic Environmental Capital
Planning Grants Feasibility Impacts Facilities
Eligible Activities
Land Use Permitting Marketing
Project
Engineering & Site Site Planning
Design
Broadband
Community Economic Revitalization Board
Eligible Public Facility Projects
Activities Systems: Improvement of:
• Acquisition • Building or Structures
• Construction • Broadband/Telecommunications
• Reconstruction • Bridges
• Rehabilitation • Domestic & Industrial Water
• Repair • Earth Stabilization
• Replacement • Electricity
• Natural Gas
• Port Facilities
• Railroad
• Roads
• Sanitary Sewer
• Storm Water
• Transportation
Community Economic Revitalization Board
NOT CERB may NOT finance projects which:
Eligible Result in retail development
Facilitate gambling
Displace jobs from one part of the state to another
Are outside the applicant’s jurisdiction
CERB does not contract with private business, only the local government applying for funds.
Community Economic Revitalization Board
How CERB works
Tech Assistance (TA)
Community has an idea – Staff
Applications
wants to hear about all their ideas.
Applications are due 8 weeks prior
CERB
to a meeting.
Staff will help:
The Board meets to review
- Determine if it fits CERB applications every two months.
Staff works with the client to vet the
- Determine which Program application and project. The applicant presents the proposal
- Determine project Readiness to the Board.
- Come for a face-to-face meeting The applicant will know at the
Staff drafts a project analysis and meeting if their project is approved.
- Get them ready to apply staff recommendation
Community Economic Revitalization Board
Projects Trends
60
$14.1M
50
40
$19.8M
$8.9M
30
20 $7.6M
$5.9M
10
0
2011-13 2013-15 2015-17 2017-19 2019-20
Planning Construction
Community Economic Revitalization Board
Rural vs Urban Funding
Projects January 2007 – January 2020
CERB Match EST Private Invest EST FTEs
122 Rural $34,136,192 $57,098,087 $344,052,894 3,593
41 Urban* $12,735,123 $30,910,993 $119,850,000 1,133
163 Projects $46,871,315 $88,009,080 $463,902,894 4,726
*Of the 41 Urban project, 23 were in Rural Communities (population of 19,999 or less, or with a Federal Recognized
Tribe).
*23 Rural Community $8,959,873 $27,197,781 $17,450,000 434
56% percent of CERB's projects were in a Rural County, a Rural Community in a Urban County, or with a Federally
Recognized Tribe.
Community Economic Revitalization Board
Community Economic Revitalization Board
*61 projects are based on previously funded planning studies. Estimates on 2017-19 averages.
Community Economic Revitalization Board
Job creation, wages, and
private investment
Tracked for 5 years after a
project is complete.
Community Economic Revitalization Board
2019
Planning Grant
2019 $50,000
Committed Private Martin Bar Industrial
Partner Conceptual Site Study
2019 $3,000,000
Prospective Centennial and Rose
Development $628,250 Way Infrastructure and
Guild I and II Industrial Building
2017 Connection Project
Planning Grant Columbia Precast
$50,000 Est Jobs Created: Products
Dark Fiber Feasibility 70
& Market Analysis Est Private Invest:
2015 $1,500,000
Planning Grant
$50,000
Est Jobs Created &
Guild Road Retained:
Industrial Park
Master Plan 100
Community Economic Revitalization Board
Community Economic Revitalization Board
2016 – Expansion at John’s Prairie Industrial Park
The conversion of an existing 11,600 square foot shed into a steel fabrication assembly building that
includes space for the manufacturing and testing of industrial electrical control panels. Site and
building improvements include adding exterior walls, overhead shipping and personnel doors, floor
leveling, extension of underground power, water, and storm water, and the addition of a restroom and
interior walls.
2017 – Lynch Creek Property Expansion Project
The construction of three loading docks, removal of concrete footings, wall-in an additional building,
conversion of building floor, asphalt repair to make site safe for vehicles and forklifts, racking and
computer automation combined with smart conveyer automation, and the installation of a 8,000
square foot cooler.
2018 – Belco Forest Products Building Expansion
The construction of a 30,000 Square foot warehouse building including stormwater improvements,
major electrical improvements and a fire sprinkler system.
Community Economic Revitalization Board
Year Project Grant Loan Private Est Jobs
Investment Created &
Retained
2016 Expansion at Johns $160,000 $160,000 $1,269,500 50
Prairie Park
2017 Lynch Creek Property $300,000 $300,000 $1,100,000 50
Expansion Project
2018 Belco Forest Products $500,000 $1,500,000 $750,000 68
Building Expansion
$960,000 $1,960,000 $3,119,500 168
Cost per job: $17,380
Community Economic Revitalization Board
Community Economic Revitalization Board
Project Tracking
Tracked for 5 years after a
project is complete.
Community Economic Revitalization Board
THANK YOU!
Janea Delk
Executive Director & Tribal Liaison
360.725.3151
janea.delk@commerce.wa.gov
www.commerce.wa.gov/CERB
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- 2020-01-23_a26306_d210125_community-economic-revitalization-board-program-update-ppt.pdf
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- Original
- app.leg.wa.gov