Alameda County Industrial Development Bond Program

Alameda County's Industrial Development Bond (IDB) program issues bonds on behalf of manufacturing businesses that are or will be located in the unincorporated area, or any of the 14 cities in the County, through the Industrial Development Authority of Alameda County (IDA), which is composed of members of the Board of Supervisors.

The President of the IDA is the President of the Board of Supervisors, Vice President of the IDAC is the Vice President of the Board of Supervisors, and the Secretary of the IDAC is the Clerk of the Board.

IDA subordinated officer positions are the County Administrator, the Assistant County Administrator and the Director of Economic Development of the County , whose roles and responsibilities are to execute various documents not associated with the issuance of the bonds (i.e. indentures, loan agreements, and related documents) and the day-to-day operations of the IDA, represent the IDA on intergovernmental matters, execute documents, certificates or technical amendments and perform ministerial tasks as directed by the IDA, County Counsel or Bond Counsel.

Bruce Kern, who is Director of Economic Development of the County and serves as Executive Director of the East Bay EDA, is the IDA's subordinated officer responsible for signing IDB applications and associated documents that are submitted to the State, technical amendments, acknowledgement of bond redemptions and doing other ministerial tasks on behalf of the IDA Board.

The IDB program coordinator/staff is Keith Sutton, who is also an employee of Alameda County and serves as Business Development Director for the East Bay EDA.  He provides staff support to the IDB program.  

IDB Bond Council is William Lofton, Partner, Lofton & Jennings and Walter Vennemeyer, Managing Director, Progressive Capital, is the IDB program's Financial Advisor, and brings together the rest of the team required to issue the bonds.  Neither of these positions are paid positions of the IDA or Alameda County - their services are paid for as closing costs when bonds they help put together are sold.  As Financial Advisor, Walter Vennemeyer represents the borrower and helps obtain the Letter of Credit Bank for publicly sold bonds or the bond purchaser in the case of private placements (equipment only projects).  He is also responsible for bringing together all of the rest of the bond team - the trustee, rating agency, placement agency, and assisting with the IDB application to the State and coordinating the bond closing.    

The Authority issued its first IDB in 1983 and since then has issued the the following:

# of Bonds Sold	Total $ Tax-Exempt IDB Bonds	Total $ Taxable IDB Bonds	Total New Jobs Projected	Total Current/Retained Jobs	Total Impact Including Secondary Jobs
56	$216,422,000.00	$14,508,000.00	5,053	4,346	16,505

Alameda County Project List:

Date Issued	Company	Website URL	City	IDB $ Amount
6/1/1983	Dryers Ice Cream	www.dreyers.com	Oakland	$3,800,000
1/1/1985	Barkoff Container	www.barkoffcontainer.com	Hayward	$3,800,000
1/1/1985	Nolan Family Trust		Hayward	$1,100,000
1/1/1985	Oliver Rubber Co.	www.oliverrubber.com	Oakland	$3,800,000
10/1/1985	Vanier Graphics		Livermore	$4,500,000
1/1/1988	Sunclipse	www.sunclipse.org	Union City	$2,500,000
2/1/1988	Longview Fibre	www.longviewfibre.com	Oakland	$2,500,000
4/1/1988	Kobe Precision Inc.	www.kpi.com	Hayward	$5,000,000
6/1/1988	American Brass & Iron (AB&I)	www.abifoundry.com	Oakland	$1,600,000
6/1/1988	Dryers Ice Cream	www.dreyers.com	Union City	$9,500,000
6/1/1988	Dryers Ice Cream	www.dreyers.com	Oakland	$3,800,000
7/1/1988	Wang NMR	www.wangnmr.com	Livermore	$1,100,000
9/1/1988	Schnitzer Steel	www.schnitzersteel.com	Oakland	$3,000,000
11/1/1988	Domino's Pizza	www.Dominos.com	Hayward	$1,750,000
12/1/1988	Lucasey Mfg. Corp.	www.lucasey.com	Oakland	$1,700,000
6/1/1989	Intermountain Trading Co.	www.mealpack.com	Berkeley	$550,000
5/1/1990	Hoover Universal	www.hooversolutions.com	Livermore	$9,000,000
11/10/1993	THARCO, Inc.	www.tharco.com	San Lorenzo	$3,000,000
6/1/1994	Johnson Controls	www.johnsoncontrols.com	Livermore	$9,000,000
8/9/1994	Scientific Technology Inc.	www.sti.com	Fremont	$5,000,000
10/19/1995	RSP Manufacturing	company purchased	Hayward	$5,000,000
11/15/1995	National Fabtronix, Inc.	www.natfab.com	Hayward	$2,600,000
11/30/1995	Heat & Control, Inc.	www.heatandcontrol.com	Hayward	$7,200,000
10/31/1996	Beeline Group	www.beelinegroup.com	Newark	$5,700,000
5/8/1997	Plynetics	www.plynetics.com	Alameda	$8,000,000
5/13/1997	DiCon Fiberoptics	www.diconfiberoptics.com	Berkeley	$4,825,000
7/31/1997	Polymeric	www.polymericsystems.com	San Leandro	$3,250,000
11/6/1997	P&C Pacific Bakeries	company purchased	Oakland	$1,800,000
3/19/1998	BayCorr Packaging	www.heritage-paper.net	Livermore	$7,000,000
3/26/1998	Spectrum Label	www.spectrumlabel.com	Hayward	$4,000,000
4/10/1998	HTB Inc.	company purchased	Fremont	$7,200,000
7/9/1998	TriStar Plating	company purchased	Hayward	$2,500,000
4/29/1999	West Coast Packing & Crating	www.chickpackaging.com	Fremont	$6,000,000
5/5/1999	Malmberg Engineering, Inc.	www.malmbergeng.com	Livermore	$3,000,000
8/23/1999	Design Workshops Inc.	www.design-workshops.com	Oakland	$2,500,000
6/29/2000	United Manufacturing Assembly	www.umai.com	Fremont	$3,000,000
7/11/2000	Plastikon Industries, Inc.	www.plastikon.com	Hayward	$6,500,000
11/1/2000	Niles Machine & Tool Works	www.nmtw.com	Livermore	$5,000,000
9/28/2001	KLN Precision Machining Corp.	www.klncorp.com	Fremont	$5,900,000
10/1/2001	Wood Tech, Inc.	www.woodtechonline.com	Oakland	$2,425,000
10/1/2001	Pacific Paper Tube, Inc.	www.pacificpapertube.com	Oakland	$2,700,000
10/9/2002	Segale Bros. Wood Products, Inc.	www.segalebros.com	Hayward	$3,100,000
12/17/2002	Arlen Ness Enterprises	www.arlenness.com	Dublin	$5,400,000
12/9/2003	PJ's Lumber	www.pjsrebar.com	Fremont	$2,500,000
4/7/2004	BEMA Electronic Manufacturing, Inc.	www.bemaelectronics.com	Fremont	$4,500,000
11/8/2004	Autumn Press	www.autumnpress.com	Berkeley	$2,332,000
6/8/2005	Convergent Laser Technologies	www.convergentlaser.com	Alameda	$5,360,000
9/2/2005	Essai, Inc.	www.essai.com	Fremont	$6,000,000
12/15/2005	Ettore Products	www.ettore.com	Alameda	$6,500,000
8/17/2006	Malmberg Engineering, Inc.	www.malmbergeng.com	Livermore	$2,300,000
12/7/2006	Packaging Innovators Corporation	www.callpic.com	Livermore	$5,200,000
3/9/2007	White Brothers	www.whitebrothersmill.com	Oakland	$2,625,000
4/26/2007	Caravan Trading	www.caravandrd.com	Union City	$3,300,000
6/21/2007	PS Print LLC	www.psprint.com	Oakland	$3,650,000
11/7/2007	Unique Elevator Interiors, Inc.	www.uniqueelevator.com	Alameda	$2,675,000
4/1/2008	Oakland Pallet Company, Inc.	www.oaklandpallet.com	Oakland	$3,388,000