Sealy’s City Council approved a measure that would allow Zenergy Well Solutions, which is located at 1089 Pyka Rd., to seek federal funding for the company, that opened up in March 2015 in Sealy.
ZWS CEO Bradley New addressed council about company plans for receiving funding through federal grants.
“It’s called an EB-5. It’s basically a funding vehicle we will be using. We are seeking what I would call the City of Sealy’s endorsement and approval,” New said.
According to the EB-5 program, entrepreneurs and their spouses and unmarried children under 21 are eligible to apply for a green card if they make the necessary investment in a commercial enterprise in the United States; and plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.