Community Economic Revitalization Board.
The Community Economic Revitalization Board (CERB) provides financial assistance to local governments and federally recognized tribes for public infrastructure that encourages new business development and economic growth. The Department of Commerce provides administrative support for CERB.
The CERB is authorized to make direct loans and grants to political subdivisions of the state and to federally recognized Indian tribes to finance public facilities. Loans and grants are available for eligible broadband infrastructure projects.
CERB Broadband Grant and Loan Program.
The CERB offers first-come, first-served low-interest loan and grant packages to eligible applicants to finance the cost to build infrastructure to provide high-speed, open-access broadband service to rural underserved communities for the purpose of community and economic development. The program was first authorized in the 2018 Supplemental Capital Budget and has been reauthorized biennially. No more than 50 percent of the funds may be awarded as grants in any biennium.
Local governments and federally recognized tribes located in rural counties or a rural community, as defined by CERB, may apply for this program. Rural counties are those with a population density of fewer than 100 persons per square mile or a county smaller than 225 square miles, as determined by the Office of Financial Management. Rural communities are cities in urban counties that have a population of less than 20,000 and federally recognized tribes.
Eligible broadband infrastructure construction projects include tower construction and fiber installation and expansion. When evaluating and prioritizing projects, CERB must consider:
The CERB Broadband grant and loan program is codified. Applicants in both rural and urban counties and communities may apply for the program.