VAN NUYS, Calif., May 10, 2022 — Eco Innovation Group, Inc. (ECOX) an innovative company developing green energy solutions, announces that ECOX Spruce Construction, Eco Innovation Group’s California-based green construction subsidiary, has been issued an official General Contractor’s License by the State of California (License no. 1091210).
According to the California Department of Consumer Affairs Contractors State License Board (CSLB) page, businesses and individuals who construct or alter any building, highway, road, parking facility, railroad, excavation, or other structure in California must be licensed to perform work. The license was issued on Friday, May 6, 2022.
As previously communicated, ECOX Spruce Construction plans to focus primarily on Green Infrastructure projects.”Obtaining a GC License is the initial step for our ECOX Spruce Construction subsidiary formed early this year, and it will allow us to expand operations in the rapidly growing Green Infrastructure space,” stated Julia Otey-Raudes, CEO of Eco Innovation Group. “Our focus on ecologically sustainable infrastructure is core to the ECOX business.
Large chains such as Starbucks, for example, are actively building out locations in California to be resource positive, using solar infrastructure, additional efficiencies, and reclaimed wood construction. A growing number of major organizations are moving in the same direction.”The Company expects the trend toward ecologically sustainable construction to accelerate as fossil fuel prices soar and the ESG movement continues to put pressure from a financial direction on companies to transition to more sustainable infrastructure models.
The RE100 (www.there100.org) is a group of more than 360 companies worth more than $2.75 trillion in revenues that have pledged to fully transition to renewable energy. Starbucks is one of many participants in the group that has already achieved this milestone, along with Microsoft, Clif Bar & Company, and SAP.
Otey-Raudes continued, “We believe the trend toward green construction is only in its very early innings and has the potential to become one of the most powerful growth opportunities over coming years for the application of new capital and resources. Now that we have our GC License in California, we can aggressively attack this market opportunity with the objective of becoming one of its true leaders in the decade ahead.”
ECOX Spruce Construction, Inc., was founded as a California corporation in January 2022. It is ECOX’s second green construction subsidiary, following the 2021 establishment of the Company’s Canadian construction company, Spruce Engineering and Construction of Alberta.
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