Industrial Development Bonds are a low cost and flexible financing mechanism for manufacturing firms to purchase land, buildings or new equipment. Interest rates are reduced by exempting the interest paid to bondholders from state and federal income taxes. Terms of twenty to thirty years are available as is flexible amortization. Financing is available for sums between $1 million and $10 million. Los Angeles County is a certified Industrial Development Authority and is the largest issuer of IDB financing in the State. In addition, a number of banking institutions provide the option of IDB financing in the Antelope Valley.

For more information please contact:

Luis Garibay - lgaribay@colra.org
CITY OF LANCASTER
661/723-6110

David Walter - dwalter@cityofpalmdale.org
CITY OF PALMDALE
661/267-5125

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