CERB Grant Approved for City of Airway Heights
Economic Revitalization Board (CERB) announced a $50,000 grant to the City of Airway Heights for a feasibility study to develop a master plan for the Airway Heights Industrial Center. The project will produce a “highest and best use” analysis, an economic feasibility assessment, identification of priority development sites, a “planned action ordinance” to facilitate development of those sites and a targeted infrastructure funding and development strategy for the area. CERB funds were matched by $16,667 in local resources.
As Washington’s strategic economic development resource, CERB is focused on creating private sector jobs in partnership with local governments by financing infrastructure improvements and studies that evaluate high-priority economic development projects.
Since 1982, CERB has committed nearly $163 million to local jurisdictions across the state, an investment generating more than 35,000 jobs, and private capital investments of a $5.6 billion ($34 to $1) return on CERB investment.