The
Community Economic Revitalization Board (CERB) is statutorily authorized (
RCW 43.160 ) to finance public infrastructure improvements that encourage new business development and expansion in areas seeking economic growth.
In the 2010 Supplemental Capital Budget (
ESHB 2836 ), Section 1018, the Washington Legislature entrusted CERB with the administration of a new Export Assistance Program. CERB received $3 million to provide “…grants and loans to local governments and public institutions of higher education for technical assistance and infrastructure to support growth of export of Washington state products and services.”
On June 22, 2010, Governor Gregoire announced a new state export initiative designed to open additional export opportunities for Washington businesses and create jobs. The Governor identified the CERB Export Assistance funds as one component of the statewide strategy to achieve the following goals over the next five years: