The California Infrastructure and Economic Development Bank (IBank) is a state agency established in 1994 to provide financial assistance and support for infrastructure and economic development projects in California. With a mission to promote a healthy climate for jobs, contribute to a strong economy, and improve the quality of life in California communities, IBank offers a range of programs including the Infrastructure State Revolving Fund Loan Program, Expanding Venture Capital Access Program, Climate Catalyst Revolving Loan Fund, Small Business Finance Center, and Bond Financing Program. Through its financings and related activities, IBank has facilitated over $54 billion of infrastructure and economic development activity in the state.
IBank's programs have supported various projects and small businesses throughout California, including the construction of the North Area Recovery Station Commercial Waste Transfer Building in Sacramento County and the provision of performing arts and music education through The Colburn School in downtown Los Angeles. Additionally, IBank has provided financial assistance to Bakker Construction, a joint venture owned by Shawn and Amanda Bakker, who are visionaries in the construction industry in Monterey County.
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