(SACRAMENTO) â€“ Assembly Majority Leader V. Manuel PÃ©rez applauds the agreement signed Wednesday by Governor Edmund G. Brown and Mexicoâ€™s Ministry of the Economy to expand trade between Mexico and California.Â
â€œMexico is Californiaâ€™s largest trading partner, and I have long advocated for a more coherent economic strategy, particularly for the California-Mexico border region,â€ said PÃ©rez.Â â€œThis trade pact will advance economic cooperation, and it represents a tremendous opportunity for the Coachella-Imperial-Mexicali economic corridor.â€
Among the many areas of cooperation in the agreement is the ability for Mexican companies to access Californiaâ€™s Innovation Hubs, a program strongly supported by PÃ©rez and which was codified through his bill AB 250 (Chapter 530, Statutes of 2013).Â
California’s Innovation Hubs (iHUBs) are innovation clusters of research parks, technology incubators, and universities working together with economic development organizations, venture capitalists, and business groups in different areas of the state.
The Coachella Valley iHub, based in Palm Springs and emphasizing clean technology development, is a thriving example of the program.
â€œThis trade agreement emphasizes many of our already strong and emerging sectors, such as manufacturing, alternative energy, health, agriculture and tourism,â€ continued the Majority Leader. â€œTogether with the iHub program and the stateâ€™s economic incentive pilot program recently secured for the Coachella Valley, the pact will help to bring new investment and job creation to our region.â€
Majority Leader PÃ©rez led the legislative delegation participating in the Governorâ€™s trade and investment mission to Mexico this week.