Small business loan guarantees in FY 23-24
Bonds and loans issued in FY 23-24
Total finance activity
Jobs created or retained
What is IBank?
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 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 Program, Expanding Venture Capital Access Program, the Climate Catalyst Revolving Loan fund, Small Business Finance Center and the Bond Financing Program.
Our Mission
To provide financial assistance and support infrastructure and economic development in California.
IBank By the Numbers
IBank financings and related activities account for more than $55 billion of infrastructure and economic development activity that promotes a healthy climate for jobs, contributes to a strong economy, and improves the quality of life for Californians.
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IBank team members regularly present at conferences, trainings, webinars, and other events throughout California. Fill out our form to request a speaker for your event.
IBank finances projects and supports small businesses throughout California
City of San Diego
The city of San Diego will use the funds for an organic waste processing facility that will assist the city in complying with state requirements to divert organic material from landfills. The Miramar Greenery organic waste processing facility will construct a new…
The Colburn School
The Colburn School, a California nonprofit, public benefit corporation located in downtown Los Angeles, offers performing arts and music education to students of all ages and abilities and provides them the opportunity to continue their education through…
Bakker Construction, Inc
Bakker Construction is jointed owned by husband and wife, Shawn and Amanda Bakker. Shawn is a fourth generation contractor and has lived in Monterey County for the past eight years. Shawn and Amanda are the visionaries of Tatum’s…
Latest News
Shrina Kurani Appointed Deputy Director of Venture Capital at IBank
SACRAMENTO (March 24, 2025) — The California Infrastructure and Economic Development Bank (IBank) is pleased to announce the appointment of Shrina Kurani as Deputy Director of Venture Capital. In this role,…
Andy Nakahata Appointed Chief Deputy Executive Director of IBank
IBank announced Andy Nakahata as its Chief Deputy Executive Director/Chief Operating Officer. Nakahata was appointed following more than three decades working with state…
IBank Board Approves $4.4 Million Loan to Alta Irrigation District for Water Conservation Project
IBank board of directors approved $4.4 million in loan financing for the Alta Irrigation District for a project that will help prevent groundwater overdraft, provide flood protection, and help in water conservation efforts by capturing excess surface water…
IBank Board Approves $26 Million Loan to Help City of Santa Cruz Finance Critical Wastewater Improvement Projects
IBank board of directors approved $26 million in loan financing for the city of Santa Cruz for two wastewater system improvement projects that will replace and upgrade decades-old equipment — preventing costly repairs, protecting pipelines from corrosion…
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Latest News
Shrina Kurani Appointed Deputy Director of Venture Capital at IBank
SACRAMENTO (March 24, 2025) — The California Infrastructure and Economic Development Bank (IBank) is pleased to announce the appointment of Shrina Kurani as Deputy Director of Venture Capital. In this role,…
Andy Nakahata Appointed Chief Deputy Executive Director of IBank
IBank announced Andy Nakahata as its Chief Deputy Executive Director/Chief Operating Officer. Nakahata was appointed following more than three decades working with state…
IBank Board Approves $4.4 Million Loan to Alta Irrigation District for Water Conservation Project
IBank board of directors approved $4.4 million in loan financing for the Alta Irrigation District for a project that will help prevent groundwater overdraft, provide flood protection, and help in water conservation efforts by capturing excess surface water…
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Leadership

Gavin Newsom
