Skip to main content
Donate

California Infrastructure & Economic Development Bank (I-Bank)

By Jillian Olivas
June 6, 2013
Support Provided By
Infrastructure.jpg

The mission of the I-Bank is to finance public infrastructure and private development that promote a healthy climate for jobs and contribute to a strong economy. The I-Bank has extremely broad statutory powers to issue revenue bonds,make loans and provide credit enhancements for a wide variety of infrastructure and economic development projects.

We recommend utilizing I-Bank programs to enhance the NELA area's ability to attract private capital, and implement revitalization projects more successfully. Specifically, the City along with private sector partners should explore the following programs: 1) Industrial Development Bonds for acquisition, construction, or rehabilitation of manufacturing companies; 2) Small Business Loan Guarantee Program to address capital access barriers faced by small businesses; and 3) Infrastructure State Revolving Fund Program to finance public infrastructure projects.

Support Provided By
Read More
A blonde woman wearing a light grey skirt suit stands with her back to the camera as she holds a sheet of paper and addresses a panel at the front of a courtroom

California Passed a Law To Stop 'Pay to Play' in Local Politics. After Two Years, Legislators Want to Gut It

California legislators who backed a 2022 law limiting businesses' and contractors' attempts to sway local elected officials with campaign contributions are now trying to water it down — with the support of developers and labor unions.
By Yue Stella Yu, CalMatters
An oil pump painted white with red accents stands mid-pump on a dirt road under a blue, cloudy sky with a green, grassy slope in the background.

California’s First Carbon Capture Project: Vital Climate Tool or License to Pollute?

California’s first attempt to capture and sequester carbon involves California Resources Corp. collecting emissions at its Elk Hills Oil and Gas Field, and then inject the gases more than a mile deep into a depleted oil reservoir. The goal is to keep carbon underground and out of the atmosphere, where it traps heat and contributes to climate change. But some argue polluting industries need to cease altogether.
By Alejandro Lazo, CalMatters
Gray industrial towers and stacks rise up from behind the pitched roofs of warehouse buildings against a gray-blue sky, with a row of yellow-gold barrels with black lids lined up in the foreground to the right of a portable toilet.

California Isn't on Track To Meet Its Climate Change Mandates. It's Not Even Close.

According to the annual California Green Innovation Index released by Next 10 last week, California is off track from meeting its climate goals for the year 2030, as well as reaching carbon neutrality by 2045.
By Alejandro Lazo, CalMatters