First District Update_Feb 2020

OFFICE OF FOREIGN TRADE

OFT Meetings and Events:

• Met with Dr. Peter Scheer, who is interested in working with the County on its low to moderate housing needs. He would like to import in volume Energy Panel Structures (EPS) for the purpose of developing houses in needed areas of Riverside County. He showed interested in Foreign Trade Zones and its benefits • Met with Dwight Crombie, CEO of Altek Media. He offered his services in assisting OFT with media, advertising and marketing. • Attended Life Sciences Global Market Expansion-Great Britain (Post-Brexit) Seminar in Irvine focusing on the medical industry. This SBA event offered information on global market expansion into Great Britain and how to improve commercialization efforts of medical devices post Brexit • Attended Corona and Indio Opportunity Zone Expos. Experts spoke on Opportunity Zone Program that was established in late 2017 as a tool for community development. Program provides tax incentives for the 49 designated census tracts in RivCo and is a great tool for new investments.