 |
monokristalline Solarzelle (Photo credit: Wikipedia) |
Yesterday in City Council, my colleagues approved my item asking the City Manager to report on how the City of Long Beach can implement a Clean Tech Zone that will attract industries large and small to locate in Long Beach -- industries that are focusing on clean technology such as solar, green products, wind, etc.
This idea came from researching what other cities are doing.The City of Los Angeles has
established the Clean Tech Corridor as a national center for cleantech research and development and
industrial manufacturing. The CleanTech Corridor supports the development of a
business cluster dedicated to cleantech manufacturing processes and
technologies for the 21st century. The
Cleantech Corridor is a 4 mile long district on the eastern edge of Downtown
LA, stretching from the Los Angeles State Historic Park in the north, to the
CleanTech Manufacturing Center in the South, and including both the east and
west banks of the Los Angeles River.
The City of
San Diego launched a new Cleantech (Clean Technology) Initiative in an effort
to promote the expansion, attraction and retention of businesses that develop
products and technologies that provide environmentally sustainable solutions.
The
Sacramento Clean Tech Zone offers the following incentives to businesses:
-
companies may receive redevelopment and
job training funds offered by regional
partners. In addition, all companies may
be eligible for Small Business Administration
(SBA) loans, Industrial
Development Bonds (IDB) and venture capital funds
Other
benefits include:
o Enterprise
·
Sales
tax credits on qualified property
·
Wage
tax credits for five years for hiring eligible employees
·
100
percent Net Operating Loss Carryovers available up to 15 years
·
Rapid
Depreciation of Equipment
·
Financing
Assistance, Hiring Assistance through Sacramento
Works!
o Foreign Trade
(FTZ)
·
Duty-free
treatment for items that are processed in FTZs and then exported
·
Duty
payment is deferred on items until they are brought out of the FTZ for sale in
the U.S. market
o Recycling (RMDZ)
·
Below-market-rate
revolving loan program for RMDZ-eligible activities
·
Free
product marketing
o Green Technology
Small Business Loan Programs
·
Industry-targeted
SBA 7(a) loans available through Grow Sacramento Fund
·
Zone-allocated
SBA 504 loans available through Greater Sacramento Community Development
Corporation
·
Community
Development Block Grant funds to be available at very favorable terms for
eligible businesses
o Specialized
Business Financing Programs
·
City-issued
industrial development bonds
I have already met with the President of the Green Business Council in Long Beach -- Kent Peterson, who was very enthusiastic about the possibilities of Long Beach moving this forward.