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Community Economic Revitalization Board (CERB)

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)

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  1. 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

  2. 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

  3. CERB Membership

  4. Community Economic Revitalization Board

  5. 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

  6. 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

  7. 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.

  8. 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)

  9. 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 • Lisa Wellman • LisaWellman@comcast.net • 206 236 0354 • CERB Program Manager ADO Liaison • Jacki Skaught Lynn Longan • jacki.skaught@commerce.wa.gov lynn.longan@commerce.wa.gov • 360 725 3161 360 481 3106

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