Latest News
California Enterprise Development Authority Supports the Vineyard Academy
During the COVID lockdown, many first-responder parents in the delta city of Brentwood were in a bind. Their children could not go to school, but they could not stay at home with them as they were essential workers. These parents came together to find a solution in [...]
California Enterprise Development Authority Supports Upstart School, the Vineyard Academy
They say necessity is the mother of invention, and the Vineyard Academy embodies that phrase. During the COVID lockdown, many first-responder parents in the delta city of Brentwood were in a bind. Their children could not go to school, but they could not stay at home with them as [...]
$517 Million Behavioral Health Campus to Transform Access in Unincorporated Riverside County
Mead Valley Wellness Village, a $517,030,000 financing in unincorporated Riverside County, broke ground on June 12 and will provide critical healthcare services to the surrounding community. The California Enterprise Development Authority (CEDA) is pleased to have issued these bonds for the benefit of Riverside County. The proceeds of the [...]
California Enterprise Development Authority team happy to be part of Holocaust Museum Los Angeles’s Expansion
On November 15th, Gurbax Sahota and Michelle Stephens, traveled to Los Angeles for the expansion groundbreaking for Holocaust Museum Los Angeles (HMLA). HMLA was founded in 1961, and operates a museum dedicated to the survivors of the Holocaust on property leased from the City of Los Angeles. It is [...]
CEDA Issues $37 million for Holocaust Museum LA Expansion
CEDA Issues $37 million for Holocaust Museum LA Expansion The California Enterprise Development Authority (CEDA) worked with Farmers & Merchants Bank of Long Beach, the National Jewish Federation Bond Program, and Kutak Rock to issue $37,000,000 for the Holocaust Museum LA expansion, which will break ground on November [...]
CEDA Issues First IDB of 2023
CEDA partners with Wells Fargo Bank to Issue a $10 million Industrial Development Bond for Small Manufacturer, JBR Rogers Coffee In June of 2023, CEDA closed a $10 million Industrial Development Bond (IDB) with Wells Fargo Bank for the benefit of JBR Rogers Coffee. This financing will allow the [...]
Financing a $100 Million Project? Look to CEDA for Help
The health and wellbeing of a community are important for their quality of life and economic prosperity. When residents are healthy, they can work, run their small businesses, and contribute to the social fabric of their community. Having partners and organizations that provide health services, such as the AIDS Healthcare [...]
Crespi Carmelite High School and CEDA close $8 Million Tax-Exempt Financing to Fund School Improvements
The California Enterprise Development Authority (CEDA) offers tax-exempt financing to 501(c)(3) non-profit organizations looking to realize savings in debt service payments—savings that can be put back into the organization’s operations. In July 2019, Crespi Carmelite High School and CEDA completed an $8 million tax-exempt financing to help the school in [...]
$32.5 Million Tax-Exempt Financing with CEDA Helps Expand Samueli Academy’s Mission to Educate Underserved Youth in Orange County
Samueli Academy is a 501(3)(3) non-profit charter high school located in Santa Ana that currently serves students in grades 9 through 12. The Academy’s mission is to provide a transformational learning environment to local, underserved and foster teens that offers consistency, stability, and support. The Academy was established as an [...]
Wilshire Boulevard Temple Closes $50 Million Tax-Exempt Financing with CEDA to Complete Master Building Plan
WILSHIRE BOULEVARD TEMPLE Founded in 1862 and renamed in 1929, Wilshire Boulevard Temple is one of the oldest and highly-respected reform Jewish congregations in the country. The Temple has two locations to serve communities in the Los Angeles area: the historic Erika J. Glazer Family Campus in Wilshire Center/Koreatown and [...]
CEDA Closes $7.1 Million Tax-Exempt Financing with Sequoia Affordable Housing Foundation for Assisted Living Facility in Vista
CEDA Closes $7.1 Million Tax-Exempt Financing with Sequoia Affordable Housing Foundation for Assisted Living Facility in Vista Sequoia Affordable Housing Foundation (SAHF) was organized in 2018 as a California non-profit corporation with a mission to provide affordable, high-quality assisted living facilities for low-income seniors and other qualified individuals. SAHF sought [...]
St. Helena Montessori School and CEDA Close $4.9 Million Tax-Exempt Financing
St. Helena Montessori School has been a part of the Napa Valley area since 1981. Incorporated in 1989 as a 501(c)(3) non-profit public benefit corporation, the school offers an alternative educational program that encompasses Montessori learning on a working farm, connecting students to the agricultural roots of the local area. [...]
CEDA’s IDB Program Supports California Manufacturers & the Passing of AB 1547 Removes Barriers to this Low-Cost Financing Tool
Manufacturing Day 2018 Since 2012, the first Friday of October has been designated as Manufacturing Day℠ or MFG DAY to celebrate manufacturing successes. This year it is October 5, 2018. The National Association of Manufacturers (NAM) produces MFG DAY annually with support from the Hollings Manufacturing Extension Partnership (MEP) and [...]
CEDA Closes Tax-Exempt Financing with Verge Center for the Arts in Sacramento for approximately $1.7 million
Verge Center for the Arts was founded in 2008 in Sacramento, CA as a commercial art gallery with two exhibition spaces and 20 artist studios. With the intent to further its reach in showing exhibitions and providing low to no cost artist workspace and educational programming, Verge moved to a [...]
The San Francisco Conservatory of Music Closes $100 Million Deal Through CEDA to Finance a 12-Story Performing Arts Center & Residential Tower
The San Francisco Conservatory of Music (SFCM) has provided internationally-acclaimed music education in San Francisco for the past 100 years. In 2006, SFCM moved to its 50 Oak Street campus in downtown San Francisco and has become an important asset to the cultural district, serving over 400 students (both undergraduate [...]