City Council aims to bring clean-tech to town
Clean-technology companies that open in the former Sacramento Army Depot could save a little more green -- as in money.
The Sacramento City Council on Tuesday unanimously approved an effort to market the area's existing enterprise zone to clean-energy companies and to help develop the Sacramento region as a green-technology hub.
About 80 "clean-tech" companies -- such as Altergy Systems and Jadoo Power Systems Inc. -- operate in the four-county region. City officials and economic leaders are hoping to attract others and become the center for the fast-growing industry.
"Our region is well positioned to become the clean energy capital ...," Michael Faust, senior vice president of public policy and advocacy for the Sacramento Metro Chamber, told the council on Tuesday. "This will be the significant industry of the future."
The area in south Sacramento already has an enterprise zone designation, allowing qualified companies to enjoy tax credits for equipment purchases, sales-tax rebates and the hiring of some workers.
The chamber aims to bring -- or create -- 20,000 direct and indirect clean-energy jobs to the region by 2015.
"Not only do we believe this number is achievable, the Metro Chamber believes it can and will be the bedrock of the next tidal wave of economic development in our region," Faust said.
Analysts say the clean-energy industry is expected to increase from $16 billion in sales this year to more than $100 billion by 2015.
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