Industrial Bond Financing for Manufacturers

The California Industrial Development Financing Advisory Commission helps manufacturers finance capital expenditures using industrial development bonds. The funds must be used to acquire or expand facilities or equipment for product assembly, fabrication, manufacturing, or processing. Usually the financing is for over $1 million, although smaller projects are possible. This financing generally is sponsored by your local city, county, or economic development agency, which works with the state to issue the bonds. In addition large industrial bond financing, they also administer:

• Equipment Only Purchase Program
• Small Business Program "one-stop-shop" for land acquisition, building construction or renovation, and purchase of equipment
• Energy Financing Program for manufacturers to purchase energy efficient equipment AND for manufacturers of renewable energy components or systems.

For further information, visit: http://www.treasurer.ca.gov/cidfac/idb.asp.