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Article: $5.6 Million Funding for Bonny Doon.(Brief Article)
- Article from:
- Wines & Vines
- Article date:
- July 1, 2000
CopyrightCOPYRIGHT 2000 Wines & Vines. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The California Infrastructure and Economic Development Bank has issued $5.6 million in industrial Development Bonds to Bonny Doon Vineyards of Santa Cruz. Bond proceeds will be used to acquire property, purchase new production equipment, and facilitate various upgrades at the winery's existing facility.
"Through this financing, we look to assist in maintaining the competitive vitality of a member of California's wine industry and expand job opportunities in one of the state's leading industries," said Trade and Commerce Agency Secretary Lan Hatamiya. "The mission of the Infrastructure Bank is to promote the economic revitalization of California ...