The California Infrastructure and Economic Development Bank (IBank) along with the Governor's Office of Business and Economic Development (GO-Biz) recently celebrated IBank's 1,000th small business loan of $450,000 to entrepreneur Kat Nouri.

Developers are looking to bring the first Waldorf Astoria hotel to California, and aims to do so by raising $150 million in financing through the EB-5 visa program, The Real Deal reports.

The California Association for Local Economic Development happily announced their 36th Annual Conference, entitled "Fresh: Ideas, Perspectives, Directions" and will give CALED members and non-members the opportunity to gather together and discuss the latest trends in economic development.

PR Newswire reports that California's HERO Property Assessed Clean Energy Program announced that 10,000 jobs have been created in California as a direct result of projects funded under the initiative.

According to California Ag Today, state Attorney General Kamala Harris has reported that a new state water bond initiative will go to the ballot to create a constitutional amendment that seeks to funder water storage projects for domestic and irrigation uses.

Local stakeholders pitched their plan to representatives of the USDA Rural Development to extend the Sunesys broadband project. According to Digital Communities, the estimated cost of the project would be between $20 million and $30 million, half of which the USDA could provide a long-term loan.

Moody's Investor Service recently affirmed the Aa2 rating on Rancho California Water District's $316 million in outstanding revenue bonds, reflecting the agency's expectation that the district's financial position will remain sound.

The state is set to receive over $70M in federal funding for disaster recovery and resiliency programs in Tuolumne County, to be used to restore forest and watershed health, support local economic development, and increase resiliency according to the Sierra Sun Times.

According to the San Francisco Chronicle, California officials recently approved a voter-backed initiative to close a corporate tax loophole and generate billions of dollars for energy efficiency projects at state schools and community colleges.

Join CALED in celebrating the support of economic development in California for 36 years. This year, we will host the conference in the City of South San Francisco, CA. CALED has a room block at the Embassy Suites in South San Francisco.

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