council works to attract foreign investment to ca, bay area
The Bay Area Council joined a statewide delegation of leading business and economic development executives that traveled to Washington, D.C. this week (June 19-21) to meet with top foreign investors about opportunities in California and the Bay Area. The Governor’s Office of Business and Economic Development (GO-Biz) led the delegation’s participation in the 2016 SelectUSA Investment Summit, which President Obama established in 2011 to attract and retain foreign investment in the United States in order to create jobs, spur economic growth, and promote American competitiveness. Foreign direct investment (FDI) in California plays an important role in catalyzing job growth, igniting innovation, increasing productivity and generating additional exports for the state’s economy. Foreign investment supports over 4.6 percent of private industry employment – over 631,500 jobs in California. Representing the California-China Office of Trade and Investment, Council Senior Vice President of Global Initiatives Bing Wei engaged with foreign and U.S. trade, business and economic development leaders on expanding investment opportunities and is already following up with clean tech companies from Canada, Australia and China. To engage with in the Council’s global trade and investment work, please contact Senior Vice President Bing Wei.