Washington Community Economic Revitalization Board invests $3,000,000 in Douglas County
OLYMPIA, WA – The Washington State Community Economic Revitalization Board (CERB) today approved $2,250,000 in low-interest loans and $750,000 in grants for economic development, and public infrastructure development targeting business growth and job creation in Douglas County.
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Douglas County – $2,250,000 loan and $750,000 grant to the East Wenatchee Water District for the “10th Street Domestic Water Booster Pump Station” project. This project consists of construction of a 1,600 square foot dual zone domestic water booster pump station for domestic water and fire protection. The District’s Committed Private Partner, Microsoft Corporation, is investing $50,000,000 in the private project which is expected to create an estimated 60 high-tech information and communications technology jobs within five years. CERB funds are matched by $12,500,000 in private resources.
“The Community Economic Revitalization Board is dedicated to helping communities across the state develop the infrastructure to attract, retain and grow businesses and jobs. This investment will have a positive economic impact at a time when it is needed the most,” said CERB Chair Randy Hayden.
“This project is one example of the innovative partnerships CERB is able to forge so we can strengthen economic opportunity in rural parts of our state,” said Washington State Commerce Director Lisa Brown. “We appreciate all the work of our community partners in Douglas County to bring this project forward. Infrastructure plays a key role in keeping our communities and our economy strong.”
The release of CERB funds to these projects is contingent upon each applicant completing specific pre-contract requirements, such as finalizing other funding sources and obtaining necessary permits.
Since 1982, CERB has committed nearly $203 million to local jurisdictions across the state, an investment generating more than 36,000 jobs, and private capital investment of a $5.8 billion – a $29-to-$1 return on CERB investments.
As Washington’s strategic economic development resource, CERB is focused on creating private sector jobs in partnership with local governments by financing infrastructure improvements. These improvements encourage new business development and expansion. In addition to funding construction projects, CERB provides limited funding for studies that evaluate high-priority economic development projects.
Learn more about CERB at www.commerce.wa.gov/cerb.
2020 CERB Legislative Report
2020 CERB Rural Broadband Legislative Report
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Media Contacts:
Janea Delk, CERB Executive Director & Tribal Liaison, (360) 252-0812
Jaime Smith, Commerce Communications, (360) 972-0331
Local Contacts:
East Wenatchee Water District: Vince Johnston, General Manager, (509) 884-3569, vjohnston@ewwd.org
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