Detroit Representative works on bills to focus on redevelopment
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 [...]
Developers seek use of EB-5 program to revitalize are near University
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 [...]
Foreign investors to be used in Egg Harbor Township
In an effort to jump start the economy in Atlantic City, the foreign investor program will be used to develop new projects as a part of a larger regional center in the area. Officials in the Township have met with attorneys to discuss plans for a new regional center with the U.S. Citizenship and Immigration [...]
Family moves business from Mexico to U.S.
A family that was successfully running two business in Mexico decided to relocate themselves to the United States because of the dangerous conditions in their country. One family member stated that if you run a profitable business, you are in a particular dangerous position because you become a target to the cartels. Since the cartels [...]
NYC uses EB-5 program to fund projects
Real estate and other business development projects in New York City are looking to the EB-5 visa program for help in funding. The EB-5 visa program is quickly becoming a popular way to gain capital for business projects. The program gives foreign nationals an opportunity to gain residency in the U.S. in exchange for an [...]
Wealthy Mexican immigrants moving to Austin to escape dangerous environment
A Mexican man from Monterrey has recently moved his family to Austin in order to escape the dangerous environment in Mexico. He is part of the wealthy entrepreneurs that are moving to the country using the EB-5 visa program in order to start a new life. New arrivals are buying and opening businesses in Austin [...]
Grand Bear Resort to receive $6 million from EB-5 program
Grand Bear Investors, the managing corporation for Grizzly Jack’s Grand Bear Resort in Utica, has recently reached an agreement that they will receive $6 million in funding through the EB-5 program. The program is run by the Northern Illinois Foreign Investment and creates jobs in America by offering residency to foreign investors. The managing partners [...]
Proposed changes offered to enhance EB-5 processing
The U.S. Citizenship and Immigration Services has recently proposed many changes to enhance the Immigrant Investor Program, or EB-5 program. The EB-5 immigration program allows 10, 000 visas to investors that invest money into a commercial enterprise that creates at least 10 jobs. A foreign investor can either do this process independently or through a [...]
Federal authorities approve foreign investors for rural areas
Federal authorities have approved the use of foreign investors for projects in rural areas. The EB-5 immigration program is used to jump start economic development in areas in exchange for U.S. residency. In August 2010, the Plattsburgh-North Country Chamber of Commerce applied for this program and it was announced this week that it has been [...]
Dallas foreign investor program to fund new development
The Dallas foreign investor program, part of the City of Dallas Regional Center, is going to help partially fund a new development in North Oak Cliff. This new project is going to create 250 new jobs to the area with the construction of the Zang Triangle, a $30 million multifamily development. Officials in Dallas have [...]
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