Dear CERF Partners,
The Interagency CERF Team is excited to share the final Catalyst Framework with you all! The Catalyst Program reserves up to $14 million for each CERF region (totaling $182M statewide) to bridge the gap between planning regional economic development strategies and implementing projects designed to achieve outcomes that align with those strategies.
Catalyst funds will support the Collaboratives to invest in pre-development activities, enabling CERF Regions to develop projects and maximize investment opportunities while reserving Implementation funds for ready-to-go projects.
Thank you all to those who provided comments or participated in webinars to shape the Catalyst Program. We appreciate all the feedback and are excited to continue this collaboration in this new phase of CERF.
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Program Background
The CERF Program is a $600 million funding opportunity created by the State to help build an equitable and sustainable economy across California’s diverse regions and foster long-term economic resilience in the overall transition to a carbon-neutral economy.