Frequently Asked Questions
- What is the California Industrial Development Financing Advisory Commission (CIDFAC)?
What Are IDBs?
- IDBs provide manufacturing and processing companies low-cost, low-interest financing for capital expenditures. This financing is obtained through the issuance of tax-exempt bonds. Investors in tax-exempt bonds do not have to pay state or federal taxes on their interest earnings. So they are willing to accept lower interest rates in return, benefiting manufacturers and processors who pay that interest.
- What Are IDB Eligibility Requirements?
- What Can IDBs Finance?
- How Does a Manufacturing Company Apply for IDB Financing?
- Absent Local Government Participation, Can a Manufacturer Still Issue an IDB?
- Does CIDFAC Offer Specialized Programs?
- What Are Key Approvals In the CIDFAC Issuance Process?
- Aside from Low-Cost Financing, What Other Benefits to IDBs Provide Manufacturers and Processors?
- Why Are IDBs important to Local Governments and How Can IDBs Benefit Communities?