EB-5 101: How Foreign Investors Can Boost Employment : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

EB-5 101: How Foreign Investors Can Boost Employment

July 25, 2011

Chicago, IL (RPRN) 07/25/11 — With the continued economic instability, elected officials in all major cities, including Chicago, are left scrambling for vital funds to pay teacher salaries, repair infrastructure, and keep the city clean and safe. But as they rearrange funds at the expense of vital programs, Executive Director of Chicagoland Foreign Investment Group, Taher Kameli, says that the answer to our economic woes really lay overseas. Kameli weighs in on the government program EB-5 and how it can help bring select cities across America back to life.

The EB-5 program was created in 1990 to entice foreign investors into opening businesses in America to boost the economy in exchange for a green card, allowing for conditional residency for individuals investing between $500,000 and $1 million in a new commercial enterprise. Said enterprise must directly employ 10 US citizens or authorized immigrants full-time and the investor must engage in the business in some form, either directly through day-to-day managerial tasks or indirectly through policy formation. The minimum investment amount varies based on the geographical area, also termed “Regional Center,” and whether or not said area is a “Targeted Employment Area” (TEA) as designated by the state, meaning that said area has an unemployment rate at least 150% of the national average. A Regional Center is a specific geographic area within the US that has been approved by the United States Citizenship and Immigration Services (USCIS) and seeks to promote economic growth through things like new job creation and increased export sales. There are 150 Regional Centers throughout the United States, and 10,000 investor immigrant visas per year that are available to qualified investors seeking permanent residence.

“The EB-5 program presents us with tremendous opportunity to build infrastructure and promote job growth within Chicago, but many aren’t taking advantage of it because they’re simply not familiar with the program,” says Kameli. “When used to its full extent, the EB-5 program can be used to build schools, hospitals, and assisted living centers among others, creating jobs and helping citizens throughout the Chicago regional center.”

About Chicagoland Foreign Investment Group

Chicagoland Foreign Investment Group is part of The United States Citizenship & Immigration Services’ Regional Center program, commonly referred to as the “EB-5 Pilot Program.” EB-5 is an immigrant investor initiative that provides foreign nationals the opportunity to become lawful residents of the United States through strategic investment in US-based economic development projects in various Regional Centers. In March of 2009, Chicagoland Foreign Investment Group became the first and only Regional Center in Illinois, having recently extended into five counties in Northwest Indiana as well. Chicagoland Foreign Investment Group is located at 111 East Wacker Drive, Suite 555, in Chicago, IL. They can be reached at (312) 427-0910.

Media Contact Name: Lindsay Rafayko
Media E-mail:
Media Phone: (312) 854-8819
Click here to see all news from this author/company

Filed Under: BUSINESS NEWS, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

Zikto taking award-winning Arki to Startup Nations Summit

Seoul, Korea 11/22/14 · Zikto taking award-winning Arki to Startup Nations Summit The...

The End of Transparency? Don't be a fraud target

Carrollton, TX 11/18/14 · - Over the years, progressive and productive societies...

Ultraseal international in finals of Midlands Business Awards 2015

Coventry, UK 11/14/14 · Ultraseal International, which exports to the automotive supply...

Arki: Hot New Wearable Tech Setting a Cracking Pace on Kickstarter

San Francisco, CA 11/14/14 · Update for November 21: 412 Backers $90,034 pledged...

UpWest Labs Unveils Details of Its Eighth Batch of Startups, Ranging From Genetics to 3D Design

Palo Alto, California 11/11/14 · Accelerator continues to support innovative entrepreneurs with its...

Modern Casting Impregnation helps automakers to avoid warranty claims on engines

Novi, MI 11/11/14 · Automakers can save money and avoid costly warranty...

The Evolution of Walking: Wearable Tech steps up to a new level

San Francisco, CA 11/11/14 · Arki: Finally Wearable Meets Fashion – Wearable technology is one of 2014’s...

GeneSegues Awarded $1 Million Phase II NIH/NCI Research Contract for Nanoencapsulated RNAi Cancer Therapeutic

MINNEAPOLIS, MN 11/10/14 · Highly Competitive NIH Program Validates Potential of GS-10...

More Than 400 .Onion Addresses Targeted as Part of Global Enforcement Action on Tor Network

WASHINGTON 11/07/14 · More Than 400 .Onion Addresses, Including Dozens of...

Learn about Wine in Your Pjs - A New Kind of Wine Class

SAUSALITO, CA. 11/04/14 · The Wine Key announced today it's first virtual...

XCEL Professional Services Has Made a Huge Change to Move Our Company Forward

Calgary, AB 11/04/14 · Introducing Rob Hay: The New President of XCEL...

Furries and Despair – two-man show at Canessa Gallery, November 7 Wild is beautiful

San Francisco, CA 11/03/14 · The show  "Furries and Despair" at Canessa Gallery...

Ristech Completes Acquisition of Kirtas Technologies Inc.

Victor, NY. 11/03/14 · With the acquisition of Kirtas Technology, Ristech increases...

Signed, sealed, delivered: Email best practices

San Francisco, CA 10/31/14 · Email is the original Web app. Born in...