More than 11,000 local jobs, millions of dollars in tax revenue from new clean-tech companies, 600 megawatts of renewable energy within a decade: The Los Angeles Business Council is promising all this and more if the city would institute a solar financing program. In a new report Thursday, which the Business Council commissioned from the UCLA Luskin Center for Innovation, a financing plan funded by the Department of Water and Power was touted as a way to help Los Angeles get 3% of its energy from the sun, create new jobs and attract companies to the area.
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