The Industrial Development Bond Program provides manufacturers seeking an alternative source of funds to finance capital expenditures and land acquisition in Orange. The Industrial Development Authority of the City of Orange (“IDA”) acts as the issuer for the tax-exempt industrial bonds.
General requirements:
- Applicant must be a manufacturing company requesting $1 to $10 million.
- Applicant must secure a letter of credit in the amount of bond issue from a bank.
Through the State of California and the Industrial Development Authority of the City of Orange, qualifying applicants can secure tax-exempt bond issues at competitive interest rates.
For more information regarding the application process, please contact Aaron Schulze, Economic Development Manager.
