The department of business, economic development, and tourism may establish and operate offices in out-of-state locations, including foreign nations, to effectuate the following purposes:

(1) Develop programs to reach targeted companies or industries in the respective area and surrounding regions;
(2) Monitor out-of-state government policies and regulations that have an impact on business, markets, sales, tourism, and related activities;
(3) Host government and business officials at conferences, meetings and social occasions, or other events on matters pertaining to business opportunities and attraction of investments for the State;
(4) Develop and conduct advertising efforts, promotional events, media coverage, and educational programs regarding commerce in the State; and
(5) Conduct related operations as needed, such as hiring or contracting for consultants.