The CEDA Advantage
The California Enterprise Development Authority (CEDA) is a Joint Powers Authority (JPA) created in 2006 to address gaps in economic development financing. CEDA facilitates the issuance of private activity bonds for the purpose of economic and community development. Some advantages of working with CEDA are:
- Experienced finance team
- Financing with a mission—a JPA that supports statewide economic development
- The borrower retains a single point of contact throughout the lending process
- No administrative burden or costs for local cities and counties
- Expands opportunities to make a broader range of projects feasible, providing access for underserved and rural communities