🔴 West Coast Division Update 🔴
The annual meeting of California’s consular corps and international representatives in Sacramento provided a refreshed perspective and countless reminders of the Golden State’s economic, social, political, and environmental resilience as the world’s 5th largest economy. Bavaria remains one of Germany’s 🇩🇪—and the EU’s 🇪🇺 —leading megaregions, so Bavarian US Offices for Economic Development and I were happy to add a Bavarian accent 🏔️🚗🔬🧪🦌💐🥨 to our wonderful diplomats, Consuls General Oliver Schramm & Andrea Sasse, and GABA’s Dr. Kai Westerwelle. Meeting Governor Gavin Newsom was a highlight! As we shook hands and posed for a photo, he exclaimed: “There’s so much we can learn from Bavaria—especially on manufacturing front!” 🏭👩🏼🏭 Ensuring that heavy industry is smart, resilient and future-proofed is indeed a common goal for both of our regions. The U.S. remains the leading source of foreign direct investment in Germany (2022: 190B+), with California as the top contributor and Bavaria as the #1 region for U.S. investment in Germany! I also had a chance to meet #StateSenator Josh Becker—a leading advocate for #cleanenergy, #climateaction, and #carbonremoval / #CDR—and made sure to inform him that the direct air capture (DAC) startup Carbon Atlantis (from Bavaria/Germany) was the only EU 🇪🇺 entity to garner investment from Frontier, a $1B carbon removal advanced market commitment founded by Stripe, Alphabet Inc., and Shopify! Many thanks to Dee Dee Myers, Senior Advisor at the California Governor's Office of Business and Economic Development (GO-Biz), Jennifer Barrera, President & CEO of CalChamber, and our perennial hostess, Susanne Stirling, VP International Affairs at CalChamber! I look forward to year five next May! Bayerisches Staatsministerium für Wirtschaft, Landesentwicklung und Energie, Bayerische Staatskanzlei, Bavarian State Ministry of Science and the Arts , Bayern International, Invest in Bavaria - The Business Promotion Agency of the State of Bavaria
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