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Community Economic Revitalization Board (CERB). Update on CERB and CERB Export Grant Program Presented to WEDA February 14, 2012 Presented by: Lisa Wellman, Vice Chair - CERB . Community Economic Revitalization Board. Mission:

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community economic revitalization board cerb

CommunityEconomic Revitalization Board (CERB)

Update on CERB

and

CERB Export Grant Program

Presented to WEDA February 14, 2012

Presented by:Lisa Wellman, Vice Chair - CERB

community economic revitalization board
Community Economic Revitalization Board

Mission:

“Foster economic development through stimulation of private investment and job opportunities for the general welfare of state inhabitants…” - RCW 43.160

Generate significant private investment

Create permanent family wage jobs with health benefits

Complete project financing

Create new state and local taxes as a result of business growth

Respond to immediate business needs (siting & expansion)

Encourage expansion in key business sectors

community economic revitalization board2
Community Economic Revitalization Board

Investments: 1982 - 2010

  • 287 projects financed
  • $149.5 million invested
  • $5.2 billion in private investment leveraged
  • More than 30,000 permanent jobs created and retained

l

cerb 2011 results financial
CERB 2011 – Results – Financial

From January 2011 to December 2011

  • 5 projects financed
  • $5,029,766 million in state resources invested
  • $4,688,345 million in other funds leveraged

The remaining balance for this biennium *

    • Rural $2.7 m
    • Urban $963,000
cerb export assistance program
CERB Export Assistance Program
  • Created in 2010 to support the growth of Washington exports by funding infrastructure and technical assistance projects.
  • Eligible recipients: public institutions of higher education and local governments.
  • $3 million granted to six projects providing technical assistance and training to Washington businesses new to expert or new to market.
slide8

CERB Grants for Training and Capacity Building

GRANTEE

DESCRIPTION

$ AMOUNT

$157,000

City of Bellevue

City of Bellevue

Search engine optimization and social media platforms

$100,000

Port of Clarkston

Port of Clarkston

Snake River Boat Builders export program

$398,295

Highline Community College

Highline Community College

Virtual resource center, web portal with export resource guide

University of Washington

University of Washington

$291,264

New-to-export, medical start-up companies

Washington State University

Washington State University

$1,281,969

Export Readiness Centers

Western Washington University

$664,726

Jump Start Washington Exports (JustWAEx)

slide9

CERB – Questions, Comments, Thoughts….

  • How can we work more effectively together?
  • What do you need form CERB?
  • How can you better connect your clients to these state programs for assistance?
  • Other
  • Vice Chair CERB Board
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