The California Labor Agency, Governor’s Office of Planning and Research, and Governor’s Office of Business and Economic Development recently launched the Community Economic Resilience Fund (CERF) program, a $600 million initiative supporting innovative plans and strategies to diversify local economies and develop sustainable industries.
$50 million of that funding is currently being considered to support economic development pilot projects that meet CERF objectives. The State team recently shared and solicited public input on the framework for these pilots. CALED provided key input in these areas:
- Ensure regional and geographic equity in funding allocation
- Clarify grant scoring emphasis
- Clarify variety of local plans and emphasis on “shovel-ready” projects
- Remove premature requirement for HRTC letter for enhanced point scoring
- Anticipate potential of economic recession
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