Idaho Corporation’s Effort to attract $50M New Foreign Investment
December 4, 2009 – 7:33 am
An Idaho company has won the federal approval to serve as a regional center for foreign investment, joins the list of more than 70 regional centers across the country to bring money from qualified foreign investors into the local economy under the Employment-Based Fifth Preference Visa category (EB-5). EB-5 offers green cards to foreigners who invest either $500,000 or $1 million in the United States and such investment would create at least 10 permanent jobs within two years. The company hopes to attract $50 million from qualified foreign investors to set up a fund to support dozens of projects in 44 counties of Idaho. This really becomes a key and is bringing $50 million of leverage capital into the state of Idaho, said Miles Mahoney, a chief executive officer.
For complete information, please click: EB-5 center OK’d: Company hopes to attract $50M in Foreign Funds
Sphere: Related Content