LIFT - New Public Infrastructure Financing Tool
   

Insitu's ScanEagle military surveillance drone, now in full production, carries an price tag of $70,000.  Another use includes spotting fish at sea for the fishing industry.

What is CERB? CERB is the state’s only economic development infrastructure program. It supports business and industrial job growth in partnership primarily with rural communities. CERB provides local governments low-interest loans and sometimes grants to help finance public facility projects needed for private sector expansion and job creation. Who is eligible? Counties Cities Towns Port districts Federally recognized Indian tribes Special purpose districts (e.g., public utility districts) Municipal corporations and quasi-municipal corporations with economic development purposes (e.g., public development authorities)

                   What public facilities Who are eligible?

• Bridges
• Roads
• Domestic and industrial water
• Sanitary sewer
• Storm sewer
• Railroad spurs
• Telecommunications
• Electricity
• Natural gas
• General purpose industrial buildings
• Port facilities

Note: pre-development and feasibility studies are eligible in specific areas of the state.

How can we help you?

Prior to submitting a project proposal, please contact staff to discuss the project and evaluate your eligibility. Applicants find a one-on-one relationship with staff early in the project’s development is key to strengthening the proposed project.

How the process works?

The application deadline is at least 45 days prior to a CERB meeting (this includes a site visit by staff).

CERB meetings are scheduled six times a year to consider project applications. Please see our schedule of meeting dates and application deadlines.

LINKS: 

CERB Programs:

• Traditional/Rural Programs
• Job Development Fund Program
• Local Infrastructure Financing Tool Competitive Program (LIFT)

CERB News
CERB 2006 Legislative Report