LOS ANGELES – Los Angeles County officials reached out Tuesday to “clean tech” companies with an offer of low-interest loans of $25,000 to $1.5 million.
The county’s SMART Funding program, run by the Community Development Commission, offers loans to small- and medium-sized businesses. CDC Executive Director Sean Rogan said the group was targeting “clean tech” businesses to grow green jobs countywide.
“Development and innovation in clean technology is important to our community’s future,” Rogan said. “SMART Funding will provide the tools these businesses need to succeed.”
Funds may be used to acquire office space, make capital improvements, bring on new employees and buy new machinery and equipment.
The SMART loan program also targets manufacturing businesses, medical and health professionals, and development projects near public transportation.
Business owners interested in more information can visit www.lacdc.org/economicdevelopment/smart-funding, email firstname.lastname@example.org or call (626) 586-1856.