The California Association for Local Economic Development (CALED) established the California Enterprise Development Authority, a Joint Powers Authority (JPA), to address gaps in Economic Development financing. The California Enterprise Development Authority issues industrial development bonds (IDB's) for small to medium sized California manufacturers and 501 (c) 3 bonds to non-profit organizations. Both IDB's and 501 (c) 3 bonds are a powerful incentive providing low cost financing for acquisition, contstruction and expansion.
- Maximize the availability of capital to California small and medium sized businesses and non-profit for expansion and job creation through an innovative gap financing program.
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