The first U.S. hospital built from the ground up through a foreign-investment program was celebrated Monday by investors from nine countries.
Sparking interest in the new Green Valley Hospital was not a hard sell in Beijing, from where the majority of the investment came, said Kyle Walker, principal with Green Card Fund, which worked to secure financing for the project in China.
“We said, ‘The average age in the community is 71 but there isn’t a hospital within an hour’s drive,’” he said. “The response was, ‘Oh?’”
The Immigrant Investor Program, also known as EB-5, was created by Congress in 1990 to stimulate the U.S. economy. If job-creating requirements are met, investors can receive an expedited green card.
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