Transforming Southern California into a Clean-Tech Hub

Given the potential of clean-tech clusters in Southern California, the interest from policymakers and its potential benefits to the region, it is very important to explore ways to foster the growth of a clean-tech hub in the region. [...] 15 Companies like Hewlett-Packard and Intel were some of the earliest tenants of the Park and set the tone for the culture of innovation and entrepreneurship that would define the region for decades to come.25 The ecosystem also drew in like-minded innovators and entrepreneurs from across the world. [...] Specifically, the diversity of talent has contributed to the region's innovation and has helped to create a culture of collaboration, which has led to the development of some of the world's most innovative technologies. [...] The initial budget of $22 billion was cut to $18.7 billion, and some of the original plans were scaled back and the date for finishing the city has been pushed back to 2030.29 Slow development: The development of Masdar City was slower than expected, and some of the projects faced delays and setbacks. [...] The state will have to pay competitive prices relative to the rest of the United States for domestic access to these commodities, and proximity to source is not likely to substantially reduce the cost of the finished product.