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California Infrastructure and Economic Development Bank

 

 

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About Us

The California Infrastructure and Economic Development Bank (IBank) was created in 1994 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. IBank operates pursuant to the Bergeson-Peace Infrastructure and Economic Development Bank Act contained in the California Government Code Sections 63000 et seq. IBank is located within the Governor's Office of Business and Economic Development and is governed by a five-member Board of Directors.

IBank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, and leverage State and Federal funds. IBank's current programs include the Infrastructure State Revolving Fund (ISRF) Loan ProgramStatewide Energy Efficiency Program (SWEEP)501(c)(3) Revenue Bond ProgramIndustrial Development Revenue Bond ProgramExempt Facility Revenue Bond ProgramGovernmental Bond Program and the Small Business Loan Guarantee Program.

CLEEN Center at IBank 

IBank has established the California Lending for Energy and Environmental Needs (CLEEN) Center to encourage public and private investments. The CLEEN Center also will utilize IBank’s access to capital markets for clean energy and energy efficiency projects. The CLEEN Center at IBank will help drive energy related projects for State and local governments in California through the Statewide Energy Efficiency Program (SWEEP).

IBank is an integral part of protecting California’s (State) environment and vast natural resources by offering financing that helps achieve the State’s greenhouse gas reduction goals. At the same time, IBank will enhance the quality of life our State is known for by promoting and stimulating economic growth, creating clean energy jobs, protecting and caring for the environment and revitalizing communities.Read more…



Latest News & Announcements

  • The next IBank Board meeting will be held on Tuesday, April 28, 2015, at 2:00 p.m in the Department of Food and Agriculture Auditorium located at 1220 N Street Sacramento, CA 95814. Board Meetings are open to the public.

  • Locate IBank funded projects by category, borrower or geographic location throughout the State with our searchable project mapping tool. Click here!