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Below is a article that recently ran in the Austin Business Journal regarding Austin's recognition as a city of environmentally safe business practices.
Austin is leading the way in cleantech, or venture capital-funded technology startups in green energy, according to a ranking by SustainLane Government.
With new information emerging on global climate changes and energy price instability, cleantech has become a hot investment topic. According to SustainLane, a sustainability resource helping state and local government to network on key topics, a handful of cities will become centers of cleantech incubation. Because of that, those same cities are likely to become primary drivers of economic growth in the century ahead.
As the home to seven startups developing everything from Internet-controlled irrigation to wind and geothermal energy technologies, Austin ranks No. 1 on SustainLane's list.
The city also features the Clean Energy Incubator and leads the field with combined venture capital, a research-and-development partnership through the University of Texas and active incubator collaboration with city-owned Austin Energy for testing new technologies.
Austin Mayor Will Wynn says he is pleased that the city is being honored as the capital of cleantech development. The Clean Energy Incubator and Austin Energy have long been leaders in clean energy, he says. The test bed partnership is the first of its kind and will extend Austins leadership in developing and using clean technologies. This will become a powerful economic engine for the city of Austin.
Rounding out the top five cities on the list in order are San Jose, Calif.; Berkeley, Calif.; Pasadena, Calif.; and Boston, Mass. Runners up include San Francisco, New York, Seattle, San Diego and Houston.
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