Who Is CERB? Investing in Washington’s Economic Future
Summary
A presentation titled Who Is CERB? Investing in Washington's Economic Future from the Community Economic Revitalization Board (CERB), dated January 12, 2021. It describes CERB as designed to finance public infrastructure to support private business development and to finance public broadband to provide high-speed, open-access service for rural underserved communities. The presentation reports Core CERB 1982-2020 figures of $203 Million CERB Investment and 0% Default in 38 years, and Rural Broadband 2018-2020 figures of $11.7 million CERB Investment and 13 Projects. Its 2021 legislative priorities include codification of the Rural Broadband Program in RCW 43.160.
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- Issuer
- Congressional materials
- Document type
- 2021 01 12 A28156 D224178 Community And Economic Revitalization Board Cerb Rural Broad
- Date
- 2021-01-12
- Case
- 2021 01 12 A28156 D224178 Community And Economic Revitalization Board Cerb Rural Broad
Cite this document
“Who Is CERB? Investing in Washington’s Economic Future.”
Original at app.leg.wa.gov, dated 2021-01-12. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-01-12-2021-01-12-a28156-d224178-community-and-economic-revitalization-board-cerb-rural-broad/
, SHA-256 caa70a1fea60fcc2add8946df8b6c4df988affd24484814cbb3450053596b14f.Full text
Community Economic Revitalization Board
Who Is CERB?
Investing in
Washington’s Economic Future
Community Economic Revitalization Board
CERB is designed to:
Finance public
Finance public
broadband Assist local
infrastructure
infrastructure to governments with
construction to
provide high-speed, economic
support private
open-access service development and
business
for rural underserved broadband planning
development
communities.
Eligible Applicants: All Local Governments & Federally Recognized Tribes
Eligible Systems: All below and above ground infrastructure
Community Economic Revitalization Board
How CERB works
Technical Applications CERB
Assistance (TA)
• Staff provides • Applications • The Board
technical are due 8 meets to
assistance to weeks prior to review
communities a meeting. applications
for project • Staff works every two
development. with the client months.
to vet the • The applicant
application presents the
and project. proposal to
the Board.
• The applicant
will know at
the meeting if
their project is
approved.
CERB Tracks ALL Projects for 5 years AFTER Completion
Community Economic Revitalization Board
1982 : CERB’s first appropriation
was $20m.
In 2020, that would equal $55m.
Community Economic Revitalization Board
Core CERB 1982-2020
$203 Million
CERB Investment
0% Default in 38 years
$5.8 Billion $427 million
Leveraged Private Investment Match Funding
36,600 FTEs* $5,572 455
Created/Retained Cost Per Job Projects
*Created and retained jobs are full-time permanent high-wage jobs, not construction jobs.
Community Economic Revitalization Board
Core CERB 1982-2020
Community Economic Revitalization Board
Core CERB 1982-2020
Community Impacts
Homeless & Housing –
Investing in a stable future
Access Mental Healthcare –
Direct Benefits Investing in jobs with benefits
Job Creation/ Retention Education –
Investment in parents &
future workforce
CERB Leverage Private Investment
Investment
Diversity, Equity, Inclusion (DEI) –
Business work with local
WorkSource offices & community
Increased Local Tax Revenue colleges for recruitment.
Community Economic Revitalization Board
Rural Broadband 2018-2020
$11.7 million
CERB Investment
13, 972*
$8.5 million Connections
Match Funding $844 Cost per
Connection
13 Projects 5 Towers
292 Miles of 64 ISPs
43 Communities Fiber
*13,012 are household connections that facilitate virtual education, ecommerce, telework, and telemedicine
Community Economic Revitalization Board
Rural Broadband 2018-2020
Community Economic Revitalization Board
Rural Broadband 2018-2020
CERB
Investment
Drive Job Creation &
Increased Connectivity Serve ongoing and
Retention and Expand Online Educational
Direct Benefits for the growing needs of
Markets for Local Opportunities
Unserved/Underserved Community Systems
Businesses
- Brings Local Business - K12 Remote Learning
Diversity, Equity, To Global Markets
Connects Local Law - Homeschooling
Inclusion – - Enables Individuals to
Enforcement, -Online Higher Ed
Community Impacts Increases access to Start & Grow
Government, and
affordable services, Businesses - Increases Access to
Healthcare
devices, & training. -Telework Economic
Opportunities Opportunities
Community Economic Revitalization Board
Community Economic Revitalization Board
Washington Connectivity = CERB + PWB
#1
Community Economic Revitalization Board
CERB Project Pipeline
Project Development Planning Projects*
$87 million $145.6 million
Committed Private Partner $44.2m Core CERB $123m
Prospective Development $12.6m Rural Broadband $22.6m
Rural Broadband $29.3m
Pipeline TOTAL $232,679,058
Planning $725,000
*Rural Broadband & Core CERB: Estimates are based on construction averages for
planning projects funded between 2013-2020.
Community Economic Revitalization Board
CERB Project Pipeline Estimated Outcomes
$179.8m $51.9m
Core CERB* Rural Broadband**
• 120 Projects • 57 Projects
• $519.6m Match • 61,492
• $5.2b Private connections
Investment • 285 ISPs
• 32,413 FTEs
*Based on historical outcomes (1982-2020)
** Based on current estimates (2018-2020)
Community Economic Revitalization Board
2019 – Port of Garfield received a $550,000 loan/grant
for the Pomeroy Broadband Project. This project consist
engineering & construction of dark fiber infrastructure on
aerial poles with last mile components in the City of
Pomeroy.
Estimates: 684 connections at 1G
Cost per connection: $804
LD 9 – Port of Garfield, Garfield County
Community Economic Revitalization Board
CERB’s 2021 Legislative Priorities
- Codification of the Rural Broadband Program in RCW 43.160
- Secure capital funding for all 4 of CERB’s Administered Programs
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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- Original
- app.leg.wa.gov