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CA AB826

Bill

Status

Failed

11/30/2016

Primary Sponsor

Edwin Chau

Click for details

Origin

State Assembly

2015-2016 Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Business, Professions and Economic Development5/28/2015
Rules5/14/2015
Appropriations4/21/2015
Jobs, Economic Development, and the Economy3/12/2015

Full Bill Text

No bill text available