According to reports conducted for the Los Angeles Cleantech Incubator, the campus’ anchor tenant, this project is expected to incubate up to 40 clean tech companies and create 600 direct jobs with average annual wages of $45,000 in its first five years. The facility will also house LADWP’s Energy Efficiency Technology and Customer Engagement Centers, as well as a prototype manufacturing workshop, classrooms, a conference room, and a wet lab, all housed under one roof and priced affordably for early stage businesses.U.S. Bank’s investment was made possible using NMTCs allocated by Clearinghouse CDFI, Consortium America, Los Angeles Development Fund, and Urban Research Park, along with USBCDE, LLC, U.S. Bank’s own Community Development Entity, and leveraging available funds from LADWP and a donation from Mort La Kretz, for whom the campus is named.
U.S. Bank Provides $14 Million In Financing For Development Of La Kretz Innovation Campus
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