Cleantech companies develop, manufacture, assemble and distribute environmentally friendly products in a sustainable way. These products can range from solar panels to hybrid cars to reusable packaging.
Los Angeles Is Ready for Cleantech
As the largest manufacturing center and freight transport hub in the United States, Los Angeles is well-positioned to lead the nation in cleantech. Our region also boasts prominent research institutions — UCLA, USC and the California Institute of Technology — as well as strong legislative support and growing public demand for clean energy sources and sustainable products.
Developing the Cleantech Manufacturing Center
We are currently developing the Cleantech Manufacturing Center (CTMC), in downtown Los Angeles. The CTMC will be built on a 20-acre site owned by the CRA/LA — the first step toward positioning a corridor of cleantech firms near the Los Angeles River in Downtown Los Angeles.
The CTMC site is located in the CRA/LA Central Industrial Redevelopment Project Area — a California State Enterprise Zone and a Federal Empowerment Zone. This means that firms will have access to an attractive package of city, state and federal incentives, in addition to an enthusiastic “green” consumer base and mandated corporate and government environmental purchasing.
Incentives include DWP energy programs and rebates, employment and tax credits, workforce recruitment and training, and assistance with permit expediting. In addition, CTMC occupants may qualify for favorable ground-lease terms, New Market Tax Credits, infrastructure grants, facilities and capital equipment financing, and low-interest CRA/LA loans.
During the next few years, we will be collaborating with community and educational organizations to plan cleantech job training for Los Angeles residents.