Situated in Orange County, CA, Genesis Commercial Capital has unveiled a whole new project to expend finances to the rapidly growing Clean-Tech industry. This niche area is providing a steady stream of income and job growth nationally in a time when job losses and company downsizing have been the main point of newspaper and TV reporting. Clean Technology is the overall use of services and equipment that can make better use of the environment and have the power to create renewable, cleaner and more productive uses of energy throughout the world. This incorporates more high efficiency lighting, electric vehicles, wind, and solar uses. Genesis got its start in Clean-Tech by partnering with different companies to help them sell and put in place high efficiency lighting in the Southern California region. With rebates being offered from SCE and other organizations Genesis Commercial Capital has been able to fund energy savings equipment and lighting to customers who want to make a move into this arena at the same time conserving money and improving upon our environment.
Orange County, CA, was a pioneer in the United States in the growth and development of this sector and it is currently growing over 8 times faster than the other parts of the economy. In OC alone close to 25,000 men and women are working in the industry and it is growing nationwide at a breakneck pace. Initially fueled by the environmentally progressive private equity firms and venture capitalists, the clean-tech industry is now on its way to becoming a more mainstream and self-functional industry. There is now an emphasis on academics to get backgrounds in engineering, chemistry, biology, marketing, and business finance specific to this area. Genesis Commercial Capital has acknowledged over a long period of investing in the industry that it is a reliable portfolio performer and that as of now it is still somewhat on the ground floor. There are a myriad of new opportunities for businesses seeking to expand and venture into natural gas, LED Lighting, and wind/solar and the current administration is promoting industry growth as well. The solar industry alone is expected to achieve heights of over $110 billion by the year 2020. In the year 2000 solar accounted globally for an estimated $2.5 billion. Simply put the market is getting substantial traction and Genesis desires to be a position player within this niche as it starts to explode in the next several years.
Genesis Commercial Capital’s new Green Team will center additional initiatives and funding towards alternative energy and efficient lighting and will expand into various other areas to develop growth. Genesis Commercial Capital will look to partner with vendors and sellers of equipment used in this industry to supply competitive programs to end-users whom have not been able to acquire any traditional funding for this space. By expanding into this industry with a more and more focused effort Genesis Commercial Capital plans to become a leader in the development and growth of the companies at the forefront of new discoveries and advancements. Just as the dot.com boom took place in the 90’s Genesis Commercial Capital believes that Clean-Tech may be the next up and coming industry with a high growth trajectory.
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