L.A. to create cleantech incubator

The Community Redevelopment Agency is proposing a greentech manufacturing and innovation hub with a 20-acre complex in the city's downtown.

The city famed for its movie industry wants to be ready to attract greentech companies as utilities rush to meet a state mandate requiring power companies to get 20 percent of its electricity from renewable sources by 2010. The Los Angeles Department of Water and Power, for one, will invest about $5 billion in alternative energy to achieve the goal.