| CALED
In Action
CALED proudly announces the establishment of the California Enterprise
Development Authority (CEDA) Joint Powers Authority (JPA). As the
recognized statewide leader in advocating expansion of economic development
financing opportunities, CALED has launched CEDA to act as a
statewide clearinghouse for ED financing resources - going beyond the
rules and regulations of financing programs to provide referrals and
assistance in structuring projects and in finding the most appropriate
avenues to get them financed. In addition, CEDA and CALED are committed
to directly addressing gaps in the ED financing arena through an innovative
gap financing program combining tax-exempt Industrial Development Bonds
with low-interest subordinate loans provided in partnership with the
Community Reinvestment Fund.
The California Enterprise Development Authority
- Addresses a critical need for a statewide ED finance clearinghouse
to coordinate links to a variety of public and private resources.
- Maximizes local job creation and business expansion benefits.Represents
the only statewide JPA dedicated to economic development finance.
- Provides access to subordinate financing which will further lower
the out-of-pocket cost of business expansion financing.
- Offers an experienced professional finance team to identify and
qualify projects, as well as guide projects through a complex application
and issuance process.
- Expands opportunities to make a broader range of projects feasible,
providing access for underserved and rural communities.
To learn more, please visit the CEDA web site at www.caled.org/edfinancing
or contact Paula Connors at pconnors@caled.org or (916) 448-8252, ext.
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