Welcome to the Web site for the California Infrastructure and Economic Development Bank (I-Bank). The purpose of this site is to help you obtain an overview of our programs, and to guide you through the process of obtaining any assistance we can provide.
We are proud to serve the Governor and the State of California as the State's only general purpose financing authority. The mission of the I-Bank is to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. The I-Bank has extremely broad statutory powers to issue revenue bonds, make loans and provide credit enhancements for a wide variety of infrastructure and economic development projects and other government purposes. As we approach $34 billion in various financings, we continue to be motivated by the financing challenges faced by infrastructure projects throughout our State.
In addition to reviewing information available here, feel free to contact us by email or telephone with questions particular to your project. Thanks for stopping by and visiting us on the Web!
- 1/16/2014 4:09:00 PM'BIG THREE' CREDIT AGENCIES UPGRADE I-BANK CREDIT RATING: Executive Director of the California Infrastructure and Economic Development Bank (I-Bank) Teveia Barnes today announced that the ‘Big Three’ credit rating agencies – Standard and Poor’s (S&P), Fitch and Moody’s – have all awarded top ratings to the I-Bank’s approximately $97 million series 2014A infrastructure state revolving fund (ISRF) bonds, which are expected to be sold next week. The I-Bank’s ISRF Program provides loans to finance a wide range of infrastructure and economic expansion projects to local governments and other eligible borrowers. ...Read More
The I-Bank has revised its Criteria, Priorities and Guidelines for loans made under its Infrastructure State Revolving Fund Program (“ISRF Program”). The revised version of the ISRF Program Criteria, Priorities and Guidelines (“ISRF Criteria”) can be obtained by clicking here. And the interest rate setting methodology can be accessed here.
Governor Brown has signed legislation to expand the I-Bank and increase small business lending in California. AB 1247 (Medina) transfers the California Small Business Loan Guarantee Program (SBLG) to the I-Bank. Expanding the I-Bank to include small business lending by leveraging I-Bank's resources and financing expertise.
The next I-Bank Board meeting is scheduled for Tuesday, March 25, 2014 at 2:00 PM. Board meetings are typically held in the Conference Center located at 980 9th Street, 2nd Floor, Rooms A, B & C, Sacramento, CA. I-Bank Board Meetings will also be simultaneously audio webcast at http://www.calepa.ca.gov/broadcast/. If you have any questions or wish to be added to the I-Bank's Board Agenda electronic mailing list, please email us at email@example.com.