Yahoo Finance Publishes Opinion Piece on EB-5 Program

From Yahoo Finance this week: Citizenship for Sale? by Daniel Gross, Yahoo Finance Every day investors around the world choose to put their hard-earned cash into the U.S. Billions of dollars flow in the form of foreign direct investment, as when a group of Brazilians bought Burger King, and foreigners purchase hundreds of billions of [...]

Ratner Accused of Using EB5 Funds to Save Money on Financing

The New York City Regional Center is handling this project. From the New York Daily News: State agency says Bruce Ratner used federal program to finance Atlantic Yards project, Nets arena A state official says funds Nets minority owner Bruce Ratner raises for the Atlantic Yards through a federal program that grants green cards to [...]

“Margaritaville Resort” Looks to EB5 Visa Program

From the Sun Sentinel: Florida Developers Look to Foreign Investors for Funds: by Doreen Hemlock Real-estate developer Lon Tabatchnik has ambitious plans for a $131 million, Margaritaville Resort on Hollywood beach that could create thousands of jobs. But with bank financing tight, he’s looking to a nontraditional source of funds: foreign investors who want to [...]

Commentary skeptical of HK Automotive’s plans for EB-5 visa project in Alabama

From Charles Child of Automotive News comes a very skeptical view of HK Automotive’s plans to produce a line of “green” hybrid cars through the EB-5 visa immigrant investor program.  As we reported last week in our post: Hybrid Startup Hopes to Build Cars in Alabama, EB-5 visa project for ACFI, there was concern from [...]

New South Korean EB-5 visa biotech project comes to Vermont

Agreement To Pave Way For New Biotech Jobs In Vermont Vermont Governor Jim Douglas recently finalised a plan with South Korean company AnC Bio to designate its new subsidiary, AnC Bio VT, LLC as an official Vermont EB-5 Regional Center Project. AnC Bio VT is now raising money for a planned new facility in Orleans [...]

NY State Legislator proposes EB-5 visa regional center for his district to develop a large scale ski resort

From the Adirondack Daily Enterprise comes a story about New York State legislator Tim Burpoe who has made one of his goals for 2010 to have his six county district designated as an EB-5 visa regional center.  Here is a quote from the article: “He also wants the county to move forward on getting an [...]

Noble Outreach $20 Million EB-5 visa project announced in New Orleans, Louisiana

News out of New Orleans has EB-5 Regional Center New Orleans’ Mayor’s Office developers Noble Outreach planning to fund a restaurant, hotel and conference center with $20 Million dollars in funding.  The story does not mention if there are any additional funding sources or if this will be completely funded by EB-5 visa foreign national [...]

New York City’s Mayor Bloomberg comments on Rep. Polis’s EB-5 visa entrepreneur proposal

By Stephanie Lam Epoch Times Staff Indian Entrepreneurs Win Idea Competition NEW YORK—A group of entrepreneurs from India became the winner of NYC Next Idea 2009-2010 competition that encourages foreign emerging entrepreneurs to submit business plans in New York City. Their product would use large battery storage sites across the city to efficiently store and [...]

EB-5 Investor Visa story by NPR: Recession Fuels Spike In Foreign Investor Visas

National Public Radio’s Jennifer Ludden has produced a very balanced and informative piece on the EB-5 Immigrant Investor visa program. In the audio broadcast published today, she speaks with an English investor about his investment in the Marriott Hotel project run by EB-5 principal Henry Liebman of the American Life Seattle Regional Center, as well [...]

Korean EB-5 investors sue South Dakota general partners for recovery of capital

From South Dakota comes a story with substantial implications for the entire EB-5 visa foreign investor program. Four Korean EB-5 foreign national investors are suing the general partners in the dairy farm that they invested in for the loss of their investment.  From the court documents, the four allege that the general partners did not [...]

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