IBank California

IBank California is a public financing authority located in Sacramento, California. The organization has 12 employees and generates over $10,000 in annual revenue. Established by the California Legislature in 1994, IBank operates under the Bergeson-Peace Infrastructure and Economic Development Bank Act within the California Government Code. IBank's mission is to finance public infrastructure and private development projects that support job creation, economic growth, and improved quality of life in California communities. They achieve this through a variety of programs, including the Infrastructure State Revolving Fund (ISRF) Program, Bond Financing Program, and the Small Business Finance Center. IBank also created the California Lending for Energy and Environmental Needs Center (CLEEN Center) to assist in meeting the state's greenhouse gas reduction goals. IBank's broad statutory authority allows them to issue tax-exempt and taxable revenue bonds, provide loans to state and local governments for infrastructure and economic expansion projects, and offer loan guarantees to small businesses. The organization's headquarters is located within the Governor's Office of Business and Economic Development (Go-Biz) and governed by a five-member Board of Directors, with an Executive Director overseeing day-to-day operations. Further information can be found on their website at ibank.ca.gov.