The California Association for Local Economic Development (CALED) established the California Enterprise Development Authority (CEDA), a Joint Powers Authority (JPA), to address gaps in Economic Development financing. Specifically, CEDA’s goal is to issue industrial development bonds (IDBs) for small- to medium-sized California manufacturers. IDBs are a powerful incentive for business expansion and location. CEDA also issues 501(c )3 Non-Profit bonds and has recently seen success in refinancing existing debt for non-profit businesses such as private schools, community centers, and health clinics. Additionally, CEDA can form assessment districts and issue bonds to finance energy and conservation upgrades for property owners within member jurisdictions through the Figtree Financing PACE program.
The California Enterprise Development Authority (CEDA) is committed to helping bring financing options and information to businesses and economic developers to help manufacturers, non profits, and California communities looking for financing resources.
There is no doubt that CEDA’s success is rooted in the commitment of the 258 pioneering communities that comprise CEDA and in the support of CALED’s statewide economic development network. Check out our success stories to see some of our unique projects.
This site will answer many of your questions, but we do encourage you to contact us if you need more information at any time.