Details | Empowerment Zone Bonds


Funder

 

California State Treasurer

Implementer

 

California Industrial Development Financing Advisory Commission

Description

 

Private, tax-exempt Industrial Development Bonds (IDBs) issued in a federally designated Empowerment Zone have no limit on the dollar amount and are meant to assist Californias most distressed communities by helping manufacturers, retailers and other services finance projects that will provide jobs. There are four California communities with designated Empower Zones: the cities of Los Angeles, Santa Ana and Fresno, and portions of unincorporated Riverside County. EZ bond financing must receive California Industrial Development Financing Advisory Commission (CIDFAC) approval. For each project, the issuer must submit on behalf of the borrower a completed application form and supplemental material in a manner prescribed by CIDFAC.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Bond

Category

 

Financing

Territory

 

California

Applicant type

 

For Profit  |  Public Agency

Project

 

New Addition to an Existing Building  |  Production Process Improvement  |  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

 

Electric Vehicle Charging Infrastructure  |  Electric Vehicles  |  Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Additional website

 

Small business

 

False

Disadvantaged communities

 

True

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive