Economic development: foreign trade: foreign and domestic investors.

Existing law establishes the California Foreign Investment Program and requires the Governor's Office of Business and Economic Development to serve as the lead state entity for overseeing the state's participation with the United States Citizenship and Immigration Services' EB-5 Investment Program. Existing law authorizes specified public and private corporations to establish, operate, and maintain a regional center subject to specified conditions and restrictions. Existing law requires the director to post on the office's Internet Web site a list with contact information for each regional center where information is readily available to the office. This bill would define "regional center" for those purposes. The bill would require the contact information to include a link to the Internet Web site for each regional center. Existing law also establishes the California Business Investment Services Program within the office, under the direct authority of the Director of the Governor's Office of Business and Economic Development, to serve employers, corporate executives, business owners, and site location consultants who are considering California for business investment and expansion. Existing law requires the director to establish and implement a process for convening teams on specified key business development situations. Existing law requires the director, in implementing the program, to work cooperatively with marketing institutions and trade organizations in attracting, retaining, and helping businesses grow and be successful in the state. This bill would include attracting foreign and domestic investors among those key business development situations. The bill would also require the director to work cooperatively with marketing institutions and trade organizations in attracting, retaining, and helping investments grow and be successful in the state.