Choose One Of The Newer Regional Centers When Investing In The Eb-5 Program
A sixth city in Washington has joined the venture to promote immigrant investment through the eb-5 program
. The city of Lakewood is now a regional center, which means investors only have to offer $500,000 instead of $1 million in order to get into the U.S. legally. Find out more about this program before deciding on where to set up your investment.
The area around Pacific Highway is now considered a regional center since employment rates are lower there than the average U.S. city. The main goal here is to not only increase the employment rate by creating ten jobs for citizens, but also to improve the immediate surroundings with new business. The more popular companies there are in the area, the better the economy will get. The eb-5 program exists for this reason.
American Life, Inc. is the Seattle company that will oversee the program. This organization has encouraged over 400 immigrant investors to put money into more than 40 projects in the U.S. According to this company, investors come from over 30 countries, with China, South Korea, Japans, and the UK being the main countries from which investors hail.
Projects include trying to improve the roads on Pacific Highway Southwest. Other areas nearby that stand to be improved include Tillicum, Springbrook, and Woodbrook. Improvements could include anything from grading the roadways and renovating older buildings to revamping floundering companies and building structures for new businesses. Such changes can not only bring new jobs to the area, but encourage both residents and visitors to spend money there, which increases the tax dollars the city will get.
While it can be helpful to live near your investment, the eb-5 visa process does not require you to. If you do not want to be part of daily operations, you can live clear across the country if desired. According to American Life, the majority of investors do not choose to live in the Northwest region. Of course, if you are interested in witnessing firsthand the difference your investment makes, you might choose to settle in the area, or at least visit often.
There are plenty of choices when it comes to taking part in the eb-5 program. You might choose to invest $1 million and create your own business plan, taking full responsibility for meeting all the eb-5 requirements and making a difference in the country.
You can also choose to invest $500,000 in one of the more than 50 regional centers in the country, and allow that center to take control of what happens to the money while you relax. If you take this route, choosing where you want your money to go is one of the most difficult parts of the process. If the beautiful, tree-filled Northwest catches your attention, the Lakewood regional center should be one to consider.
by: Lisa Goldberg
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