Centralia Coal Transition Board
Economic & Community Development Board
Supports Operations Of the Business Equity Center
Centralia, Wash. (April 1, 2024) The Centralia Coal Transition Board approved a grant award in the amount of $650,000 to acquire additional space to enhance the operations of the Business Equity Center located in Centralia, Washington and, to support ongoing development of various programs for existing and new small business owners. The Business Equity Center provides a comprehensive support network for current and future business owners and is a core program of the Lewis Economic Development Council.
The Business Equity Center was formed in 2021 under the leadership of the Economic Alliance of Lewis County to provide new entrepreneurs and small business owners with the tools and knowledge to plan, start, manage and grow their businesses. The Business Equity Center offers a wide range of support, including advising new startups, providing business growth guidance and connecting businesses with other local sources. The funding of this grant will enhance how the Business Equity Center can serve Lewis County.
The Economic & Community Development Board was formed as part of the 2011 Agreement between TransAlta and the state of Washington to transition the Centralia plant away from coal-fired operations with one unit retiring in December 2020 and the second unit in December 2025.
Overview of the Centralia Coal Transition Funding Boards:
Weatherization Board ($10M): established to fund energy efficiency and weatherization for the residents, employees, business, non-profit organizations and local governments within Lewis County and South Thurston County; up to $1 million shall be allocated to fund residential energy efficiency and weatherization measures for low-income and moderate-income residents of Lewis County and South Thurston County;
Economic & Community Development Board ($20M): established to fund education, retraining, economic development, and community enhancement; at least $5M shall be allocated to fund education, retraining and economic development specifically targeting the needs of workers displaced from the Centralia facility;
Energy Technology Board ($25M): established to fund energy technologies with the potential to create environmental benefits to the state of Washington.