During a keynote speech at a San Fernando Valley business conference this month, Los Angeles Mayor Eric Garcetti boasted about a job-creation program backed by City Hall.
"We have a green tech incubator that's the best in the country," Garcetti told the executives gathered at the Sheraton Universal Hotel, "which we help fund through the Department of Water and Power, and others who put money into it, spilling off and spinning off companies that are hiring people.