An Oakland business man bought the Tribune Tower for $8 million and is now seeking to use the EB-5 visa program in order to help fund projects in the area and create job growth.

The EB-5 visa program, also known as the foreign investor program, was created by Congress in 1990 in order help the economy in depressed areas. In order to receive an Eb-5 visa, a foreign national must have the funds to invest $1 million into an American business.

If the area, such as Oakland, has a high unemployment rate, the investment may be only $500,000. The EB-5 program has been used across the nation and projects are found by and organized by Regional Centers that are also located throughout the nation. There are currently about 200 Regional Centers in the U.S.

If you have questions about the EB-5 program and would like to learn more in order to decide if this is the right idea for you and your family, visit the EB-5 immigration lawyers of White & Associates by calling 818-730-3540 today.

The federal investor program called the EB-5 immigration visa program has gained a lot of popularity recently and the number of applicants has now quadrupled in the past two years to 3,800 applicants. This program allows a foreign investor to put money into an American business that creates at least 10 jobs.

Projects that are used in the EB-5 program include shipyards, factories, and resorts. The program was created in the 1990s by Congress in order to help depressed areas across the country and create jobs for Americans.

The investment into American business must be at least $500,000( in areas of high unemployment) or $1 million in other areas.

If you or a loved one has been considering using the EB-5 program, you need experienced representation on your side to walk you through the process. Contact the EB-5 immigration lawyers of White & Associates by calling 818-730-3540 today.

The EB-5 immigration program has been suggested as a way to fund a new hotel in downtown Evansville.

The commission for redevelopment in Evansville has voted to continue with plans for the hotel to be constructed. It was voted 3-1 that the Kunkel Group continue with the plans. Prime Lodging also submitted plans to build the project, but the Kunkel Group was approved.

The funding for the 220 room hotel is still in question. Prime Lodging suggested that the EB-5 foreign investment program be used, but Kunkel group stated that they had more standard funding ideas.

If you or a loved one has been interested in becoming a foreign investor, you need representation on your side that can help walk  you through the process. Contact the EB-5 immigration lawyers of White & Associates today by calling 818-730-3540 and discussing your options.