City of Oakland seeks to use foreign investor program to fund new business

Posted on February 7th, 2012 No Comments

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 [...]

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EB-5 program considered for use in Saco

Posted on January 17th, 2012 No Comments

The city of Saco is now determining whether or not the EB-5 immigration program will be used to fund projects in the area in order to boost the economy and job market in the area. The EB-5 immigration program was created in 1990 by Congress in order to help jump start depressed areas of the [...]

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Hesperia may receive EB-5 center

Posted on January 10th, 2012 No Comments

Chances that Hesperia will receive an EB-5 center, in order to help them create local jobs by allowing foreign investors to give funds to American business in exchange for residency, are looking good. It has been said that the American Franchise Regional Center has received the federal go ahead to build an center there this [...]

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Northern New York using EB-5 in future programs

Posted on January 4th, 2012 No Comments

The EB-5 program is scheduled to be used in multiple projects in Northern New York as officials begin to set them up. The program was created by Congress in order to create jobs for Americans and it is available to use in areas with high unemployment rates. Last spring, Northern New York was approved to [...]

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EB-5 applicants quadrupled over past two years

Posted on December 28th, 2011 No Comments

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 [...]

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EB-5 program being used to build new marina in Florida

Posted on December 20th, 2011 No Comments

A new marina will be built in Port Charlotte and the EB-5 visa program will be used in order to help fund the project. This new marina will help to jump start the economy in this depressed area by creating nearly 500 jobs. The unemployment rate in the area is 27.8 percent. The federal EB-5 [...]

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EB-5 immigration suggested as way to fund hotel

Posted on December 6th, 2011 No Comments

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 [...]

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Gov. of Vermont attends seminars in Florida over benefits of EB-5 program

Posted on November 15th, 2011 No Comments

The governor of Vermont is in Miami, Florida at this time in order to attend seminars hosted by the state in order to discuss the benefits of the EB-5 program. The EB-5 program is a federal immigration program that allows non-U.S. citizens a chance to receive a green card if they invest at least $500,000 [...]

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Detroit Representative works on bills to focus on redevelopment

Posted on September 12th, 2011 No Comments

A Representative for Detroit has written a proposal to President Obama in order to explain ideas on how to promote redevelopment in the area. The man has proposed that federal taxes that are paid by people and business in the area be used toward projects that will help redevelop the City of Detroit. One idea [...]

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Developers seek use of EB-5 program to revitalize are near University

Posted on August 22nd, 2011 No Comments

A group of Cincinnati developers are seeking help from Chinese investors to boost the economy in a neighborhood near the University of Cincinnati. Sources have said that the developers recently traveled to China to promote the idea and they are seeking to use the EB-5 program in order to do this. The EB-5 program allows [...]

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