New Jersey Infrastructure Bank
The New Jersey Infrastructure Bank is an independent state financing authority providing low-interest loans to qualified New Jersey municipalities, counties, regional authorities, and water purveyors through three programs covering water, transportation, and resilience infrastructure projects.
- Company typePrivate
- Founded1987
- HeadquartersLawrenceville, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What New Jersey Infrastructure Bank does
The New Jersey Infrastructure Bank (NJIB, or "I-Bank") is an independent state financing authority established in 1986–1987 that provides low-interest rate loans to qualified New Jersey municipalities, counties, regional authorities, and water purveyors for infrastructure projects. Headquartered in Lawrenceville, NJ with 11–50 employees, the I-Bank operates three specialized financing programs: the New Jersey Water Bank (NJWB, in partnership with NJDEP), the New Jersey Transportation Infrastructure Bank (NJTIB, with NJDOT), and the New Jersey Resilience Infrastructure Bank (NJRIB, with NJOEM). As of June 30, 2025 the organization serves 441 water systems and has executed 2,165 loans since inception totaling $11.49 billion in cumulative investment, with the current SFY2025 pipeline comprising 926 projects requesting $10.9 billion. The customer base spans municipal governments, county governments, water utilities, and regional authorities across New Jersey.
The I-Bank's technology platform comprises web-based loan origination and management systems tailored to each program. The H2Loans portal supports environmental infrastructure applications, NJ-Moves handles transportation project submissions, and the publicly accessible WISE Calculator allows applicants to generate financing cost estimates. Sub-programs include the Clean Water State Revolving Fund (CWSRF), Drinking Water State Revolving Fund (DWSRF), Statewide Assistance Infrastructure Loan (SAIL) program for disaster-relief bridge financing, and NJ-CHAMP (Community Hazard Assistance Mitigation Program) at a fixed 1% APR launched in 2023. Federal capital is sourced through EPA's WIFIA and SWIFIA programs alongside traditional municipal revenue bond issuances.
As a state financing authority operating on a cost-of-capital basis rather than a profit-maximization model, the I-Bank earns interest spread and administrative revenue on its loan portfolio while passing through below-market rates to public entities. Pricing is usage-based with distinct tiers: short-term water loans at 0.456% APR (reduced to 0.306% with interest rate credit), Transportation Bank loans at 1.715% APR (1.365% with credit), and NJ-CHAMP at a fixed 1% APR. Capital is raised through revenue bond issuances — most recently $25.66 million of Green Bonds (Series 2026A-R1) in April 2026 and a Spring Bond Pool authorization of up to $125 million in January 2026. Go-to-market is direct lending to government entities, augmented by federal partnerships with EPA, FEMA, and USDA Rural Development. Cumulatively, the I-Bank reports $2.58 billion in ratepayer and taxpayer savings through its financing programs and 169,200 direct one-year construction jobs created.
New Jersey Infrastructure Bank firmographics
Firmographics- Name
- New Jersey Infrastructure Bank
- Legal name
- New Jersey Infrastructure Bank
- Website
- https://njib.gov
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The New Jersey Infrastructure Bank is an independent state financing authority providing low-interest loans to qualified New Jersey municipalities, counties, regional authorities, and water purveyors through three programs covering water, transportation, and resilience infrastructure projects.
- Ownership category
- akta.pro rank
New Jersey Infrastructure Bank industry classification
Industry- Product category
- Municipal Infrastructure Financing
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111)
- akta.pro primary industry
- Infrastructure & Project Finance Development Banks (FSABAKAD)
- akta.pro secondary industries
- National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC), Policy Banks (Government-Directed Lending Banks) (FSABAKAM)
Keywords
Where New Jersey Infrastructure Bank is headquartered
LocationHeadquarters
- HQ city
- Lawrenceville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
New Jersey Infrastructure Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others
Revenue model
- Low-Cost Infrastructure Loans: The I-Bank provides low-interest rate loans to municipalities and water systems for water quality infrastructure, transportation, and resilience projects. As a state financing authority, it operates on a cost-of-capital basis to minimize borrowing costs for public entities, saving ratepayers over $2.58 billion through its financing programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Short-Term Loan: 0.456% APR (06/01/2026 - 06/30/2026) |
| Usage-based | Pay-as-you-go | Transportation Bank: 1.715% APR standard, 1.365% APR with interest rate credit |
| Usage-based | Pay-as-you-go | NJ-CHAMP Resilience Loan: Fixed-Rate of 1% APR |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels8 records
New Jersey Infrastructure Bank product offering
Product offeringCore offering
New Jersey Infrastructure Bank (NJIB) is an independent state financing authority that provides low-cost, long-term loans to New Jersey local government units, water purveyors, and other eligible borrowers for water quality, drinking water, transportation, and resilience infrastructure projects. It operates three principal programs — the NJ Water Bank, NJ Transportation Bank, and NJ Resilience Bank — in partnership with NJDEP, NJDOT, and NJOEM, leveraging federal State Revolving Funds and municipal bond capital to deliver below-market financing.
Product overview
New Jersey Infrastructure Bank operates as an independent State Financing Authority offering a multi-program financing platform. The core offerings consist of three sub-banks: the New Jersey Water Bank (NJWB) for water quality infrastructure, the New Jersey Transportation Infrastructure Bank (NJTIB) for transportation projects, and the New Jersey Resilience Infrastructure Bank (NJRIB) for hazard mitigation. Each program provides low-interest rate loans to qualified New Jersey municipalities, counties, and authorities. Supporting web platforms include H2Loans (for water projects), NJ-Moves (for transportation), and the WISE Calculator for cost estimation. The Water Bank includes Clean Water and Drinking Water SRF sub-programs, while the Resilience Bank features the NJ-CHAMP program at 1% APR fixed rate.
Differentiator
Problem solved
Functional benefit
Products and services
- NJ Water Bank
- NJ Transportation Bank Long-term, low-cost financing for transportation infrastructure projects undertaken by New Jersey counties, municipalities, and authorities, administered in partnership with the New Jersey Department of Transportation (NJDOT).
- NJ Resilience Bank Financing program for climate resilience, hazard mitigation, and adaptation infrastructure projects administered in partnership with the New Jersey Office of Emergency Management (NJOEM). Includes the NJ-CHAMP (Community Hazard Adaptation and Mitigation Program) component.
- Short-Term Loan Program Short-term bridge financing for New Jersey borrowers to fund project planning, design, and pre-construction activities in advance of long-term construction loans through NJIB's program banks.
Quantifiable outcome
- Saved New Jersey ratepayers and taxpayers over $2.58 billion through the Financing Program
- +3 more outcomes
Companies that use New Jersey Infrastructure Bank
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles1 record
New Jersey Infrastructure Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
New Jersey Infrastructure Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- New Jersey Department of Environmental Protection (NJDEP)coreCo-administers the New Jersey Water Bank program with the I-Bank. The Water Bank provides low-cost financing for water quality infrastructure projects including clean water and drinking water systems. Jointly certify projects and manage the State Revolving Fund programs.
- New Jersey Department of Transportation (NJDOT)coreCo-administers the New Jersey Transportation Infrastructure Bank, providing low-cost financing for local transportation infrastructure projects. Partnership enables significant cost reductions for municipal transportation projects.
- New Jersey Office of Emergency Management (NJOEM)coreCo-administers the New Jersey Resilience Infrastructure Bank and NJ CHAMP loan program for hazard mitigation and resilience projects. Jointly developed the SAIL Disaster loan program post-Superstorm Sandy which has evolved into the NJ CHAMP resilience program.
- U.S. Environmental Protection Agency (EPA)coreFederal partner for water infrastructure financing. The Water Bank programs operate as part of the federal Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF) programs administered in coordination with EPA.
- USDA Rural DevelopmentminorFederal partner providing resources and coordination for rural infrastructure projects in New Jersey.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
New Jersey Infrastructure Bank competitors and assessment
Company assessmentBroad incumbents
- Texas Water Development Board: Texas's state agency administering SRF programs plus state-funded loan programs (e.g., D-Fund, EDAP) for water and wastewater infrastructure. Comparable as a state financing intermediary, though with broader program scope including agricultural and rural water assistance.
- California Infrastructure and Economic Development Bank (IBank): California's state-level infrastructure financing authority providing low-cost loans and bonds for infrastructure, economic development, and environmental projects. Directly comparable as a sister state infrastructure bank serving municipal and public agency borrowers with bond-issuance-driven lending.
Emerging players
- Connecticut Green Bank: State-level green financing authority providing loans and incentives for clean energy and environmental infrastructure. Comparable as a state financing authority with green/climate-aligned mandate, though more focused on clean energy than water/transportation infrastructure.
- EPA Water Infrastructure Finance and Innovation Act (WIFIA) Program: Federal program providing long-term, low-cost supplemental loans for water infrastructure. NJIB is itself a WIFIA borrower/lender partner, but the federal program represents the upstream capital source that parallels and complements NJIB's own lending activity.
Direct peers
- New York State Environmental Facilities Corporation: Operates the NY Clean Water State Revolving Fund and provides low-cost financing for water quality and drinking water infrastructure projects. NJIB's Water Bank program with NJDEP is structurally analogous to EFC's CWSRF/DWSRF administration in NY.
- Massachusetts Clean Water Trust: State revolving fund financing authority providing low-cost loans for water infrastructure in Massachusetts, with a similar cost-of-capital bond-issuance model. Directly comparable as a New England state SRF financing peer to NJIB's Water Bank.
- Pennsylvania Infrastructure Investment Authority (PENNVEST): Pennsylvania's state financing authority for drinking water, wastewater, and stormwater infrastructure, providing low-cost loans via federal SRF capitalization. A near-exact functional peer to NJIB's Water Bank programs, serving the neighboring Mid-Atlantic market.
- Ohio Water Development Authority: Provides below-market-rate loans for drinking water, wastewater, and stormwater infrastructure projects to Ohio communities. Operates a comparable bond-backed lending model serving municipal and county borrowers, paralleling NJIB's Water Bank structure.
- Illinois Environmental Protection Agency (Water Pollution Control Loan Program): Administers Illinois's State Revolving Fund for wastewater and drinking water infrastructure, providing low-cost loans to municipalities. Comparable SRF-based lending model for water infrastructure borrowers, though operated within the state EPA rather than a separate financing authority.
Others
- Build America Mutual Assurance Company: Mutual bond insurer providing credit enhancement for municipal bond issuers, including state infrastructure financing authorities. Comparable as a participant in the municipal bond ecosystem that NJIB relies on for its AAA-equivalent rating and capital markets access.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
New Jersey Infrastructure Bank social profiles
Digital presenceNew Jersey Infrastructure Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
New Jersey Infrastructure Bank leadership team
Management profileNumber of profiles
Profiles2 records
New Jersey Infrastructure Bank subsidiaries and ownership
Company hierarchySubsidiaries3 records
New Jersey Infrastructure Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New Jersey Infrastructure Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New Jersey Infrastructure Bank
What does New Jersey Infrastructure Bank do?
New Jersey Infrastructure Bank (NJIB) is an independent state financing authority that provides low-cost, long-term loans to New Jersey local government units, water purveyors, and other eligible borrowers for water quality, drinking water, transportation, and resilience infrastructure projects. It operates three principal programs — the NJ Water Bank, NJ Transportation Bank, and NJ Resilience Bank — in partnership with NJDEP, NJDOT, and NJOEM, leveraging federal State Revolving Funds and municipal bond capital to deliver below-market financing.
Is New Jersey Infrastructure Bank a public or private company?
New Jersey Infrastructure Bank is a private company. It is classified as state government owned and is currently operating.
When was New Jersey Infrastructure Bank founded?
New Jersey Infrastructure Bank was founded in 1987. It employs 11 to 50 people.
Where is New Jersey Infrastructure Bank based?
New Jersey Infrastructure Bank is headquartered in Lawrenceville, United States, in the North America region.
How does New Jersey Infrastructure Bank make money?
One revenue line is on record: low-Cost Infrastructure Loans.
Who are New Jersey Infrastructure Bank's main competitors?
Broad incumbents on record are Texas Water Development Board and California Infrastructure and Economic Development Bank (IBank). Emerging players are Connecticut Green Bank and EPA Water Infrastructure Finance and Innovation Act (WIFIA) Program. Direct peers are New York State Environmental Facilities Corporation, Massachusetts Clean Water Trust, Pennsylvania Infrastructure Investment Authority (PENNVEST), Ohio Water Development Authority and Illinois Environmental Protection Agency (Water Pollution Control Loan Program). Build America Mutual Assurance Company is listed as an others.
Does New Jersey Infrastructure Bank have an API?
No public API is recorded for New Jersey Infrastructure Bank.
What industry is New Jersey Infrastructure Bank in?
New Jersey Infrastructure Bank's product category is Municipal Infrastructure Financing. Its primary akta.pro industry code is FSABAKAD, Infrastructure & Project Finance Development Banks, with a secondary code of BPADACAC, National Development Banks & State Development Finance Institutions (DFIs). Its NAICS code is 522 and its SIC code is 6111.