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
CEDA’s financing tools are another form of access to capital, often at a much lower cost, for small- and medium-sized businesses and organizations and further CEDA’s mission of supporting economic development in California.