Industrial Development Bond Projects Program
Industrial Development Bond Project Description
Small-Issue Industrial Development Bonds (IDBs) are tax-exempt private activity bonds that are issued through state and local governmental agencies to assist manufacturing facilities finance capital expenditures. Today, most IDBs support expansions of existing manufacturing. IDBs offer interest rate savings to small and midsize manufacturers in contrast to conventional loans. When used by manufacturers, IDBs serve to retain and create new jobs within their communities.
The California Industrial Development Financing Advisory Commission (CIDFAC) currently administers the IDB tax-exempt bond program on behalf of CDLAC. For more information, you may visit CIDFAC's site.
Please Note: On an annual basis, all CDLAC applicants are required to complete the Annual Applicant Public Benefits and Ongoing Compliance Self-Certification Form for each project within an existing bond regulatory period and/or CDLAC compliance period. Please contact CDLAC directly should you have any questions regarding this requirement.