The German American Chamber of Commerce ("GACC") fosters the economic ties between Germany and the United States of America. Founded in 1947 it now also comprises of representation in Philadelphia and California. The GACC offers a wide range of services to the northeastern and western states. Benefiting from being close to Silicon Valley, the California branch mainly supports trendsetting industry sectors such as information technology, biotechnology, renewable energies, semi-conductors and nanotechnology.