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EB5 Regional Centers Provide Local Economic Boost - Since the recession financial institutions have stopped lending money as freely for development projects. Developers have looked for alternative sources of financing and EB-5 regional centers have become a new resource for funding - EB5select.com
EB5 Regional Centers Provide Local Economic Boost

 

NewswireToday - /newswire/ - Davenport, FL, United States, 2011/08/02 - Since the recession financial institutions have stopped lending money as freely for development projects. Developers have looked for alternative sources of financing and EB-5 regional centers have become a new resource for funding - EB5select.com.

   
 
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Prospective immigrants look to regional centers as a straightforward method of acquiring a visa to the United States for them and their families. EB5 Green Cards have grown in popularity in the recent years and the number of regional centers has doubled over the past ten years to over 100 regional centers within the continental United States.

The EB5 Visa (eb5select.com) was established in 1991 to help encourage foreign investments. The Immigration and Nationality Act allocates 10,000 EB5 visas per year. William Hicks from EB5 Select explains,"The EB5 Visa program has grown in popularity due to the lack luster economy in the States. Businesses are seeking other form of investments. The Regional Center program has grown into a positive option for both foreign nationals in search of a visa and projects that could use a monetary injection". However Mr. Hicks warns that,"Investors must perform their due diligence on the regional centers because they are not only protecting their investment but their visa."

President Barack @ signed a bill in September 2009 continuing the EB5 Visa program. The bill sunsets in September of 2012 and it is anticipated the bill will be signed again with added provisions to improve the EB5 visa program.

Regional Centers typically are located in areas of low unemployment. Investors are required to commit $500,000 into a regional center project and create ten jobs.

EB-5 Regional Center investments are a popular option to receive a Visa to the United States.

 
 
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EB5 Regional Centers Provide Local Economic Boost

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Publisher Contact: Melissa Conn - EB5select.com 
863-353-4853 melissa[.]eb5select.com
 
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