Since getting its certification as an EB-5 Regional Center, the World Trade Center for Investment LLC has been working to get the word out about how the new center can help projects create jobs and attract investment, World Trade Center Savannah vice president Brynn Grant told her board Tuesday.
Also known as the Immigrant Investor Program, EB-5 was created by Congress in 1990 to stimulate the U.S. economy and create jobs through an influx of funds from foreign investors.
It’s basically a federally approved way for well-heeled foreign investors to bankroll projects in the United States that will create jobs and stimulate the economy.
In return, the investor gets temporary visas for his or her family with a potential fast track — four to five years — to permanent U.S. residency.
“Since we received our designation in January, we’ve made presentations to various interested groups,” Grant said. “In late May, we hosted a luncheon on EB-5 for bankers, developers and brokers.
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