EIFD’s Expanded to Cover Maintenance

On Wednesday, September 19, 2018, Governor Brown signed Senate Bill 1145, a sponsored bill with CALED. This bill aimed to protect local economic development investments by allowing Enhanced Infrastructure Financing Districts (EIFDs) finance ongoing maintenance costs for public projects in their districts. In 2014, Senate Bill 628 (Beall) was enacted to have local agencies create EIFDs to [...]

2018-09-24T13:12:14+00:00September 24th, 2018|CALED News, Econ Dev News|

A Win for Small Manufacturers

On Friday, September 21, 2018, Governor Brown signed Assembly Bill 1547. Authored by Assemblymember Sharon Quirk-Silva, AB 1547 eliminates the California Industrial Development Financing Advisory Commission (CIDFAC) and, as a result, removes a barrier for small-to-medium sized manufacturers trying to access low-cost financing. Throughout CIDFAC’s existence, manufacturers and economic developers have expressed that CIDFAC subjected manufacturers [...]

2018-09-24T13:02:36+00:00September 24th, 2018|CALED News, Econ Dev News|