SCVEDC visits Hong Kong to promote international investment in SCV

Customers prepare to mail items at the newly-opened Newhall Post Office on Monday, March 27, 2017. Katharine Lotze/The Signal
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As part of its ongoing effort to promote international investment into the Santa Clarita Valley (SCV), and to facilitate export opportunities for SCV companies, SCVEDC President & CEO Holly Schroeder recently traveled to Hong Kong.  This was SCVEDC’s first return to Hong Kong since 2014 when it joined then-Supervisor Michael D. Antonovich for a Chinese trade mission.

Increased global connectedness means not only increased trade in goods and services, but also increased foreign direct investment (FDI), which can take many forms, such as the direct purchase of an existing firm, investment into a joint venture, direct investment into a new venture or construction and outfitting of a facility. This visit is a part of SCVEDC’s efforts to attract FDI, including company expansions, into the SCV.

During the trip, SCVEDC made presentations to the American Chamber of Commerce – Hong Kong, the US Department of Commerce Commercial Services Division of the American Consulate, the Hong Kong Trade Development Council, and a private Chinese investment company. SCVEDC presented the Santa Clarita Valley as the growth opportunity and business-friendly region of Los Angeles County.

Additionally, SCVEDC participated in the Select LA conference hosted by the World Trade Center-Los Angeles last month, which was instrumental in organizing meetings in Hong Kong. SCVEDC and the Hong Kong Trade Development Council intend to hold a workshop for Santa Clarita Valley companies who want to expand export opportunities in Asia. For more information visit our website, www.SCVEDC.org

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