IDA LogoThe Industrial Development Authority - City of Los Angeles, Community Development Department

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ABOUT the IDA

The Industrial Development Authority (IDA) is a conduit-issuer of bonds, formed in 1982 by the Los Angeles City Council. The IDA enables bonds to be issued with a tax-exempt status, but does not pledge City funds to repay the bond issues.

These bonds are offered as an incentive to companies involved in manufacturing and processing activities - to relocate to Los Angeles or remain and expand in the City - thereby creating and retaining jobs, promoting economic revitalization, and providing much needed public and community services.

Since its inception, the IDA has directly issued or facilitated over $2.3 billion in bond issues. The IDA works closely with a team of qualified financial professionals whose goal is to process bonds in a timely, accurate and cost-effective manner.

1200 West 7th Street, 6th Floor, Los Angeles, CA 90017
213-744-7111 | 213-744-9395 (TTY) | 213-744-9382 (Fax)

 

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