California Infrastructure and Economic Development Bank (IBank)

The California Infrastructure and Economic Development Bank (IBank) is a state agency that helps finance public infrastructure projects and supports economic development across California. It provides loans and other financial assistance to local governments, nonprofits, and businesses for projects such as transportation, housing, and renewable energy. By facilitating funding, IBank aims to improve the state's infrastructure, create jobs, and stimulate economic growth, ultimately benefiting California residents and communities. Its activities are designed to enhance the quality of life and promote sustainable development throughout the state.