The California Association for local Economic Developent (CALED) established the California Enterprise Development Authority, a Joint Powers Authority (JPA), to address gaps in Economic Development financing. Specifically, CEDA's goal is to issues industrial development bonds (IDB's) for small to medium sized California manufactures. IDB's are a powerful incentive for business expansion and location.
- Maximize the availability of capital to California small and medium sized business for expansion and job creation through an innovation gap financing program.
- CEDA acts as a statewide clearinghouse for ED financing resources - going beyond the rules and regulations of financing programs to provide referrals and assistance in structuring projects and in finding the most appropriate avenues to get them financed.
The California Enterprise Development Authority (CEDA) is committed to helping bring financing options and information to businesses and economic developers to help manufacturer, non profits, and California communities looking for financing resources.
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