Industrial Development Bond Project Program
Designed to assist manufacturing facilities to finance capital expenditures.
If you have any questions about the Industrial Development Bond Program, please contact CDLAC.
Small-Issue Industrial Development Bonds (IDBs) are tax-exempt, private-activity bonds that are issued to provide financing for construction or expansion of manufacturing facilities, or the purchase of new equipment. Today, most IDBs support the expansion of existing manufacturing to retain and create jobs in communities. IDBs do this by offering interest rate savings to small and midsize manufacturers compared to conventional loans.
The California Industrial Development Financing Advisory Commission (CIDFAC) currently administers the IDB tax-exempt bond program on behalf of the California Debt Limit Allocation Committee (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.