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CERB Planning Project Analysis <br />2023-2025 <br />I. PROJECT SUMMARY <br />Staff Contact: Janea Stark 360.252.0812 <br />CERB Meeting: September 21, 2023 <br />Applicant: <br />Kittitas County <br />County: <br />Kittitas <br />Rural County: <br />yes ® no ❑ (as defined by OFM) <br />Rural Community: <br />yes ❑ no ®(as defined by CERB) <br />Distressed County: <br />yes ❑ no ® (as defined by ESD) <br />Project Title: Bowers Field Business Park Feasibility Study <br />Project Description: ; A study to evaluate the feasibility of development of approximately 850 acres <br />of land surrounding the Kittitas County Airport (Bowers Field). <br />11. FINANCING REQUEST <br />A. Applicant Request <br />CERB 5-Year <br />Average <br />Leveraged Funds <br />Funding Request: Grant: <br />$75,000 <br />$29,448 <br />Amount <br />Match <br />$47,200 <br />Source <br />Status <br />Kittitas County <br />Secured <br />TOTAL Match $47,200 <br />Total Match as <br />of Project Cost <br />Project Total $122 200 <br />(112u16 to b1zU21 - nl Planning Projects: Estimated Match; <br />B. Staff Funding Recommendation <br />Recommended Offer: I Grant: 1 $75,000 <br />III. OTHER CONSIDERATIONS <br />I A. Local Dynamics i <br />Current Unemployment Rate Three Year Avg. Unemployment Distressed County? <br />Rate 3 year avg. county i <br />unemployment 2096 greater <br />County i State County State than state avg. 3 year rate <br />3.7% 3.8% 6.7% 5.7% No <br />