The Economic Development Collaborative of Ventura County’s Small Business Development Center has established a presence in Shanghai, China to connect with Chinese businesses interested in conducting commerce in the U.S. EDC-VC’s Small Business Development Center (SBDC) advisors will provide guidance to Chinese business people to help them navigate U.S. regulations and laws. The goal of the Shanghai office is to increase foreign direct investment in the Ventura County region, creating new jobs and wealth for California.
The EDC-VC Shanghai office is provided through a collaborative effort with California Go-BIZ and the Bay Area Council Economic Institute of San Francisco, which already share a joint office in Shanghai; the EDC-VC’s SBDC will be able to utilize that office to meet with clients by appointment. The presence in Shanghai will also support businesses in Los Angeles, Ventura and Santa Barbara counties, for which Shanghai is a major trading partner.
Heading up the advisor team for EDC-VC’s Shanghai office is Jay Tsao, a skilled entrepreneur who has helped launch start-ups in technology, consumer packaged goods manufacturing, international trade and distribution, finance and real estate industries. Multilingual in Mandarin Chinese, Spanish and English, Tsao is an expert at e-commerce and has a background in supply chain logistics. He is currently the founder and CEO of Globemart Technologies, a global B2E ecommerce.
“There are many Chinese investors who want to trade in the United States, and Southern California is the number one market for Chinese trade. With Jay Tsao as lead advisor, EDCVC’s SBDC will engage and support Chinese businesses in ways that will help improve their success in doing business and investing in California, creating new trading partners and business opportunities for Ventura County area businesses,” said Ray Bowman, director of the SBDC.
An active advisor in the Los Angeles Silicon Beach movement, the second-largest tech hub in the United States, behind Silicon Valley, Tsao is also an advisory member of the Los Angeles Chamber of Commerce Bixel Exchange Technology Center and board member of several trade councils including the Global Initiatives Council and PRO GTL Global Trade & Logistics Consortia. Tsao received his B.A. in economics and political science from Loyola Marymount University, graduated as an executive in general management from UCLA, Anderson School of Management and earned his M.B.A. from Cornell University, Johnson School of Management, where he was a Fellow of the Entrepreneur & Innovation Institute (EII). He is currently a candidate to receive his Master’s of Liberal Arts in Finance from Harvard University.
The SBDC is funded by the SBA and provides professional business assistance at no cost to businesses. Participating businesses are required to follow a well-defined scope of work and report their economic successes. These SBA milestones are defined as job creation, increase in sales, capital investment, jobs retained and business started. To learn more about SBDC’s advisors and services, contact Alondra Gaytan at email@example.com, or call 805- 384-1800 or visit edc-vc.com.
EDC-VC is a private, nonprofit organization that serves as a business-to-government liaison to assist businesses in Ventura County by offering programs that enhance the economic vitality of the region. For more information about the Small Business Development Center, loan programs, manufacturing outreach and international trade program, or other services available to small businesses through EDC-VC, contact Kelly Noble at firstname.lastname@example.org or call 805-384- 1800 ext. 21 or visit edc-vc.com.