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State Treasurer Fiona Ma Awards First Grants from $50 million Program to Encourage Economic Development in Underserved Communities

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February 1, 2024

Press Release

SACRAMENTO – State Treasurer Fiona Ma today announced the first round of grants under the $50 million California Investment and Innovation Program (Cal IIP) has been awarded to 63 Community Development Financial Institutions throughout California. The program is  implemented by the California Pollution Control Financing Authority (CPCFA), chaired by Ma as state treasurer.

Read the full press release below.

State Treasurer Fiona Ma Awards First Grants from $50 million Program to Encourage Economic Development in Underserved Communities