Waiting, as Tom Petty says, is the hardest part, and for those waiting for the Baker Hotel's return, the wait sometimes feels excruciating.
But, a recent trip to China taken by Baker project principals Chad Patton and Laird Fairchild, along with representatives from EB-5 project partner Pathways, to attend an EB-5 investor conference proved to move the project one step closer to completion.
“We felt like it was successful,” Patton said of the trip to the 2016 Invest in America Summit.
While there, they were able to pitch the project to immigration attorneys acting as agents for potential EB-5 investors, a large percentage of whom come from China, Patton said.
Under the U.S. Citizenship and Immigration Services EB-5 program, international investors are offered conditional U.S. residency – and the opportunity to apply for permanent residency – if they are willing to capitalize approved projects that boost local economies and provide jobs.
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