From left are Rep. Steven Horsford, Rep. Sydney Kamlager-Dove, Rep. Gwen Moore, Rep. Nikema Williams, Matt Petersen and Jim Casselberry, LACI board chair. (Jevone Moore/L.A. Sentinel)

Congresswoman Sydney Kamlager-Dove (CA-37), Congressional Black Caucus Chairman Steven Horsford (NV-04), and Congressional Hispanic Caucus Chair Nanette Barragán (CA-44) united to tout the benefits of the green economy and the Inflation Reduction Act.

During a press conference at Los Angeles Cleantech Incubator (LACI) on April 1, the congressional leaders stood with LACI CEO Matt Petersen to share how key Inflation Reduction Act provisions help advance clean energy and transportation electrification solutions in urban communities, provide opportunities for cleantech entrepreneurs to scale their innovations, and create green jobs for Americans.

Representatives of three agencies that partnered with LACI were in attendance as well – Lacey Reddix of Olokun Minerals, Kameale Terry of ChargerHelp and John Jones III of the East Side Riders Bike Club. Also, Kayla Mullins and Marco Jegknes shared their experience of completing LACI’s internship program.

LACI offers a range of programs. The agency works with startups to accelerate the commercialization of clean technologies; transforms markets through catalytic partnerships with policymakers, innovators, and private sector leaders in transportation, energy, and sustainable cities; and enhances communities through workforce development, pilots, and other programs.

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Founded as an economic development initiative by the City of Los Angeles and Los Angeles Department of Water & Power (LADWP), LACI has been recognized as one of the most innovative business incubators in the world by UBI Global.

The audience cheers the clean energy innovation presentation shared by LACI. (Jevone Moore/L.A. Sentinel)

LACI has helped 375 portfolio companies raise over $1 billion in funding, generated $323 million in revenue, and created 2,565 jobs throughout the Los Angeles region, with a long-term economic impact of more than $733 million.

Since its establishment in 1971, the Congressional Black Caucus (CBC) has been committed to ensuring that African Americans and other marginalized communities in the United States have the opportunity to achieve the American Dream.

The Congressional Hispanic Caucus (CHC), founded in December 1976, is dedicated to voicing and advancing, through the legislative process, issues affecting Hispanics in the United States, Puerto Rico and U.S. Territories.

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Young people, including LACI Cleantech startup founders Lacey Reddix and Kameale Terry, pause for a selfie at the conclusion of the press conference. (Jevone Moore/L.A. Sentinel)