AB 2713,
as amended, Quirk-Silva. Governor’s Office of Business and Economic Development:begin delete trade office:end delete South Korea.
Existing law
end delete
begin insertThe Economic Revitalization Actend insert establishes the Governor’s Office of Business and Economic Development,begin delete which is administered by a director appointed by the Governor. The office serves the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. The office exercises powers related to economic development, including, among others, making recommendations to the Governor and the Legislature regarding policies, programs, and actions to advance statewide economic goals.end deletebegin insert
also known as “GO-Biz,” to, among other duties, serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth.end insert
This bill would require thebegin delete office, no later than January 1, 2016, to establish under its jurisdiction an overseas trade office in Seoul, South Korea, as specified.end deletebegin insert office to establish a public-private partnership to help guide state activities related to the export of California products to South Korea and the attraction of employment-producing direct foreign investment by South Korean investors.end insert
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 12096.35 is added to the Government
2Code, to read:
begin deleteNo later than January 1, 2016, upon appropriation begin insertThe end insertoffice shall establish
4of sufficient funds for this purpose, the end delete
5begin delete under its jurisdiction an overseas trade office in Seoul, South begin insert a public-private partnership to help
6Korea. The trade office shall have those powers and duties
7prescribed by the director, to promote and facilitate the state’s
8international trade activities.end delete
9guide state activities related to the
export of California products
10to South Korea and the attraction of employment-producing direct
11foreign investment by South Korean investors.end insert
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