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CA AB826
Bill
Status
11/30/2016
Primary Sponsor
Edwin Chau
Click for details
AI Summary
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Defines "regional center" as an entity designated by United States Citizenship and Immigration Services to pool EB-5 capital from foreign investors in economic development projects within a defined geographic region.
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Requires regional centers with offices in California to provide the Governor's Office of Business and Economic Development with contact information, geographic region, and industry sector details, and to annually report on clients served, investment locations, and jobs created.
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Mandates the office post regional center contact information on its Internet website, including a direct link to each regional center's website, updated at least annually.
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Adds attracting foreign and domestic investors to the key business development situations the director must address through team convening processes under the California Business Investment Services Program.
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Requires the director to work cooperatively with marketing institutions and trade organizations in attracting, retaining, and helping both businesses and investments grow and succeed in California.
Legislative Description
Economic development: foreign trade: foreign and domestic investors.
Last Action
From Senate committee without further action.
11/30/2016