California Infrastructure and Economic Development Bank

{{Short description|State owned bank}}

{{Use mdy dates|date=March 2023}}

{{Infobox company

| name = California Infrastructure and Economic Development Bank

| logo = IBank-logo.png

| type = Public bank

| industry = Banking
financial services

| founded = {{Start date and age|1994}} in Sacramento, California{{cite act |type=Bill |index=AB 1495 |date=1994 |article= |article-type= |legislature=California Legislature |title=California Economic Development and Infrastructure Act}}

| location_city = Sacramento, California

| location_country = United States

| area_served = California

| key_people = Scott Wu (executive director

| products =

| income_year = 2021

| net_income = {{profit}} {{USD|519.14 million}}{{cite report |author=California Infrastructure and Economic Development Bank |date=2021 |title=Comprehensive Annual Financial Report |url=https://cdn.ibank.ca.gov/wp-content/uploads/2022/08/IBank-2021-Final-CAFR.pdf |access-date=March 24, 2013}}

| assets =

| assets_year =

| equity =

| owner = Government of California

| num_employees =

| homepage =

}}

The California Infrastructure and Economic Development Bank (IBank) is a state-owned, state-run financial institution based in Sacramento, California. The bank operates under the Bergeson-Peace Infrastructure and Economic Development Bank Act of 1994 and is governed by a five-member board of directors.{{cite report |url=https://www.nlc.org/wp-content/uploads/2016/12/NLC_2016_Infrastructure_Report.pdf |title=Paying for local infrastructure in a new era of federalism a State-by-State analysis |author=National League of Cities |date=December 2016 |page=16 |access-date=March 24, 2023}} Part of the banks purpose is to aid the development and financing of infrastructure projects, ranging from roads to the improvement of port facilities, by issuing bonds and providing financing to public agencies.{{Cite journal |last=Ni |first=Anna Ya |date=December 1, 2012 |title=The Risk-Averting Game of Transport Public-Private Partnership: Lessons from the Adventure of California's State Route 91 Express Lanes |url=http://www.tandfonline.com/doi/full/10.2753/PMR1530-9576360205 |journal=Public Performance & Management Review |volume=36 |issue=2 |pages=253–274 |doi=10.2753/PMR1530-9576360205 |s2cid=155731017 |issn=1530-9576|url-access=subscription }}{{Citation |last=Fisher |first=Anthony H. |title=California's Workers' Compensation Insurance Crisis and the Financing of the California Insurance Guarantee Association |date=August 29, 2015 |url=https://onlinelibrary.wiley.com/doi/10.1002/9781119198093.ch83 |work=The Handbook of Municipal Bonds |pages=1211–1214 |editor-last=Feldstein |editor-first=Sylvan G. |access-date=2023-03-25 |place=Hoboken, NJ, USA |publisher=John Wiley & Sons, Inc. |language=en |doi=10.1002/9781119198093.ch83 |isbn=978-1-119-19809-3 |editor2-last=Fabozzi |editor2-first=Frank J.|url-access=subscription }}{{cite thesis |type=Master of Public Policy and Administration |last=Murray |first=Meegen Michelle |date=2012 |title=Cargo on the move: options for infrastructure and air quality improvements at the San Pedro Bay ports |publisher=California State University, Sacramento}}{{Cite journal |last=Price |first=Willard |date=2002 |title=Innovation in Public Finance: Implications for the Nation's Infrastructure |url=http://journals.sagepub.com/doi/10.1177/1087724X02007001006 |journal=Public Works Management & Policy |language=en |volume=7 |issue=1 |pages=63–78 |doi=10.1177/1087724X02007001006 |s2cid=153849663 |issn=1087-724X|url-access=subscription }} Extending from this the bank created the California Lending for Energy and Environmental Needs Center (CLEEN) to help address greenhouse gas emissions within the state.{{Cite book |last=Keenan |first=Jesse M. |url=https://www.worldcat.org/oclc/1061869750 |title=Climate adaptation finance and investment in California |date=2019 |isbn=978-0-429-39875-9 |location=London |oclc=1061869750}}{{Cite web |title=FAQs {{!}} California Infrastructure and Economic Development Bank (IBank) |url=https://ibank.ca.gov/about/faqs/ |access-date=2023-03-25 |language=en}}