The Economic Development Corporation of Oxnard (EDCO) is
offering tax-exempt Industrial Development Bonds (IDBs) to
manufacturing businesses. IDBs are tax-exempt securities issued by a government entity that provides money for the acquisition,
construction, rehabilitation and equipping of manufacturing and
processing facilities for private companies. IDBs allow private sector companies to borrow at the low interest rates normally
reserved for state and local government entities. Unlike other
government incentive programs, IDBs are relatively simple to apply
and qualify for. The annualized cost for most borrowers is
20% - 30% below conventional financing alternatives.
For more information [click
here] and view the brochure.
For permit forms [Click
Here]
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