The state of Maine may start its own visa program to help bring more direct foreign investment here, according to Maine Department of Economic and Community Development Commissioner George Gervais.
The state is looking at establishing a state-run EB-5 regional center, Gervais said.
EB-5 visas provide foreign nationals with a way of obtaining green cards by investing money in the United States. To obtain the visa, an individual must invest $1 million, or half a million dollars in a high-unemployment or rural region.
The state is interested in establishing such a regional center "in the absence of activity within existing EB-5 regional centers in Maine," Gervais said in a message to the Sun Journal.
He added, "We are currently exploring options and are not prepared to comment further at this time."
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