AB 1733 Summary

• Creates the position of Director of California Biotechnology Retention and Recruitment within the Office of the Governor, appointed by and reporting directly to the Governor
• Director shall serve as an informational resource to help biotechnology, life science, and medical companies comply with state and local regulatory requirements
• Director shall assist biotechnology, life science, and medical companies located outside California that are interested in relocating to the state
• Position must be created using existing resources with no additional appropriation required
• Addresses concerns that California biotechnology companies are relocating facilities to other states due to lack of state incentives and assistance