A state board recently increased infrastructure project award limits to $3 million for core construction and $2 million for rural broadband projects.
The Washington State Community Economic Revitalization Board gives funds to local governments and federally recognized tribes for infrastructure and rural broadband projects. Typically the funds come in the form of low-interest loans, but occasionally are offered in a loan/grant funding package.
Previously, the caps were set at $2 million and $1 million, respectively.
The higher limits are effective through June 30, 2019. The next application deadlines are Jan. 14 and March 18, 2019. Application information can be found on the CERB website, or by contacting program director Janea Delk at email@example.com.
Awards are vetted through an application process and approved by CERB. Since 1982, CERB has committed nearly $176 million to local jurisdictions in Washington. Those projects have created 35,5000 jobs and generated $5.7 billion in private investment, which is a $33 to $1 return on investment.