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 (Commerce) provides administrative support for CERB.
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. Grants are available for eligible planning and constructing projects.
Community Economic Revitalization Board Planning Program Grants. CERB provides grant funding for studies to evaluate economic development projects. Eligible uses include site-specific plans, studies, and analyses that address environmental impacts, capital facilities, land use, permitting, feasibility, marketing, project engineering, design, and site planning. The maximum award limit for planning grants is $50,000.
CERB may award planning program grants to projects for costs of achieving shovel-ready status. After December 31, 2026, the maximum award limit on planning grants is increased to $200,000.
Subject to amounts appropriated, Commerce must develop and implement a shovel-ready certification program for certifying sites seeking shovel-ready status designation. When developing the program, Commerce must consult with CERB, economic development professionals, industry leaders, and local governments. Commerce may consult with other interested parties at its discretion. Commerce must establish an application process, criteria for certification, and may adopt rules to implement this section.