WeWork, a company that provides shared workspaces, will donate space in Century City for the headquarters of the Clean Energy Smart Manufacturing Innovation Institute, Los Angeles Mayor Eric Garcetti announced Wednesday.
The institute is a $140 million partnership between the city of Los Angeles, the U.S. Department of Energy, UCLA and private partners,
“Los Angeles is where we turn today’s ideas into tomorrow’s technology,” Garcetti said in a prepared statement. “WeWork is helping to accelerate this incredible era of innovation — and this announcement reflects the power of public-private partnerships to grow our economy and create jobs. This is a smart investment in our future, and I look forward to seeing the breakthroughs that emerge from the new CESMII headquarters.”
WeWork is donating its Century City location to serve as the institute’s headquarters, which was previously housed at UCLA. The city was selected in 2016 to lead the institute due to it commitment to expanding clean energy, harnessing technology and growing its manufacturing workforce, Garcetti’s office said.
The institute’s goal is to use smart manufacturing technology to increase U.S. competitiveness by improving manufacturing processes through increased productivity and energy efficiency.
“Our partnership with the city of Los Angeles and UCLA have been key in having CESMII located here in Los Angeles,” said Jim Wetzel, CESMII’s interim CEO. “We are honored to continue the spirit of partnership with WeWork. Their commitment to support our national institute and the thousands of manufacturers we help transform is truly differential.”