Monday, February 8, 2010

SoCal Second Place In 2009 Clean Technology Investments

A report released today by Ernst & Young finds that Southern California was number two in the nation in terms of clean technology investments for the year. According to the analysis of 2009 venture capital, based on data from Dow Jones VentureSource, Southern California had annual investments of $329.5M in 2009 in the clean technology area, and Q4 investments of $30.5M. That compares with $1.2 billion invested in the San Francisco Bay Area in 2009, and $295.6M in Q4. Nationwide, U.S. venture capital investments dropped to $2.6 billion in 2009, a decline of 50% in terms of dollars from 2008.

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