WENATCHEE - Chelan County commissioners have allocated nearly $1.2 million in grants to support economic development and affordable housing initiatives in the area. The funds, distributed through the Cascade Public Infrastructure Fund (CPIF) grant program, will benefit five local projects.
The CPIF program, now in its fourth year, finances public projects that stimulate business creation, job retention, and affordable housing opportunities within the county. Since its inception in 2021, the program has awarded a total of $3.7 million.
Commissioner Kevin Overbay emphasized the program's significance, stating, "The CPIF program has allowed us to infuse nearly $4 million into our local economy in the last four years. The impacts of those monies will spur growth in not only new businesses and jobs but also home ownership. CPIF dollars really have the capacity to impact our community in a broad and positive way."
The 2024 CPIF grants, totaling $1,182,000, were awarded to five projects:
The CPIF is funded by existing revenues from the sales-and-use tax for public facilities in rural counties. Applications were reviewed and scored by the CPIF Advisory Committee before final decisions were made by the Board of County Commissioners.
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