Details | Industrial Development Bond Project Program


Funder

 

California State Treasurer

Implementer

 

California Industrial Development Financing Advisory Commission

Description

 

Private, tax-exempt industrial bonds are an important tool to help communities grow their Economies and provide good-paying jobs. The bonds offer interest-rate savings with the goal of creating new jobs. CIDFAC approves the issuance of IDBs in the State of California as a partner with local governments. The program allows businesses to borrow funds at competitive rates. Eligible capital expenditures include the acquisition of land, building construction, building renovation and the purchase of machinery and equipment. The local issuing authority submits the IDB application to CIDFAC. CIDFAC staff reviews the application to determine overall public benefits and the financial security of the project. Federal and state revenues do not guarantee IDB bond financings. The bonds issued are purchased by the private sector and the repayment is not an obligation of the state or federal government. CIDFAC holds its monthly commission meetings in Sacramento.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Bond

Category

 

Financing

Territory

 

California

Applicant type

 

For Profit

Project

 

New Addition to an Existing Building  |  Production Process Improvement  |  Real Estate and Asset Purchases  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Industrial  |  Public

Sub-sector

 

City  |  County  |  Special Districts

Sustainability

 

Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

40

Interest rate comment

 

Incentive