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Saturday, September 29, 2012

President Obama Signs Extension of EB-5 Program



(Source: The White House)  On September 28, 2012 President Obama signed S.3245, a bill which extends to September 30, 2015 the authorization of the EB-5 Regional Center Program, the E-Verify Program, the Special Immigrant Non-minister Religious Worker Program, and the Conrad State 30 J-1 Visa Waiver Program for the next three years.

See statement here - September 28, 2012, the President signed into law

Friday, September 28, 2012

China's extremely wealthy feeling the effects of slow economic times


(Source: BBC) The Chinese economy has slowed in recent months with growth falling to a three-year low of 7.6%, compared with the previous year. China has 251 people worth $1bn (£616m) or more, 20 fewer than last years mark. However, the number is still a huge increase compared with 2006, when there were only 15. It is the first time in over seven years that the number of billionaires in China has fallen this significantly. The BBC report gives the notion that times are changing and international immigrants are trying to provide a healthier lifestyle for them and their families by leaving their home countries. The only immigration investor program that the United States offers is the EB-5 program.

Read full article here - http://www.bbc.co.uk/news/business-19709386


For more information on the USCIS EB-5 Immigration Investor program,
 
2815 Monroe Avenue, Suite 2100
Rochester, New York 14618
Tel: (866) 763-6515
                                                         EMAIL HERE or WEBSITE HERE






Tuesday, September 25, 2012

Attending Town Board Meeting Orange County, New York regarding next Healthcare project



Empire State EB5 is heading down for 7:30 PM Town Board meeting tonight in Orange County, NY regarding a prospected healthcare facility that is looking to use EB-5 funding into its capital stack. The facility being presented would be one of a kind and new medical devices available at the complex would be state of the art. This facility would be great news for the healthcare industry, as well as create 100 's of new jobs and inject growth into the surrounding area's economy. Empire State EB5 looks forward to having a chance to expose our support in the prospected project and our involvement.


Contact Empire State EB5 to discuss how EB5 financing can be part of the capital stack in your next project development:

CONTACT US TODAY!

2815 Monroe Avenue, Suite 2100
Rochester, New York 14618
Tel: (866) 763-6515
 
 

Friday, September 21, 2012

Why are the Chinese leaving their home country?

(Source:  The China Speakers Bureau - China Herald, Thanks to EB5 News Blog for sharing)  

Watch this 20-minute panel discussion video produced by Mr. Fons Tuinstra of the China Speaker Bureau.  It is very good insights on the reasons that Chinese are leaving their home country. Why are they going to the US and other countries? New trends in emigrations from China to the US by panelists Mr. Isaac Mao, Ms. Meixian Li and Mr. Richard Brubaker, who expects the number of Chinese leaving will be in the years to come give or take 20 million.




Monday, September 17, 2012

Visiting with Ski Resort Project Developers in Upstate New York


Empire State EB5 is on the road today visiting with project developers for a ski resort in Upstate New York. Empire State EB5 will have afternoon discussions regarding the proposed project and after lunch will be accompanied by the land owners and developers to survey the prospected site. In the past few weeks we have seen major progress in the movement for this project, plus the economic impact on the community is a win, win for all involved.


Contact Empire State EB5 to discuss how EB5 financing can help your project development move forward. 

CONTACT US TODAY!

2815 Monroe Avenue, Suite 2100
Rochester, New York 14618
Tel: (866) 763-6515
 
 

Friday, September 14, 2012

US House passes three year extension of EB-5 regional center program


On September 13, 2012, the U.S. House of Representatives passed S. 3245 (412-3) – which includes a three year re-authorization of the EB-5 Regional Center Program through September 2015.  Having passed by the Senate on August 2, the bill is now on its way to President Obama for signature – likely later this week.  Judiciary Committee Chair Lamar Smith (R-TX), Immigration Subcommittee Ranking Member Zoe Lofgren (D-CA), Representative Rick Larsen (D-WA), and Representative Peter Welch (D-VT) all spoke in favor of the EB-5 Regional Center Program re-authorization.

Check progress here - http://www.govtrack.us/congress/bills/112/s3245


 



Wednesday, September 12, 2012

Project developers use EB-5 program for new constructions


New York Times published on September 6, 2012 a news article titled "Visas-for-Dollars Program a Boon to Hotel Developers" written by Janet Morrissey. In the past few years and current more hotel developers have successfully utilized EB-5 regional center program to raise funds for their projects throughout the United States. A main point in the article is that most foreigners who want to be involved with the EB-5 program are more concerned of receiving their permanent visa, than a high rate of return on their investment.

See full article at  NEW YORK TIMES




For more information on EB-5 financing for development projects,
2815 Monroe Avenue, Suite 2100
Rochester, New York 14618
Tel: (866) 763-6515
                                                         EMAIL HERE or WEBSITE HERE


Tuesday, September 4, 2012

Cuba Memorial Hospital Turns to Empire State EB-5 with Plans for an Assisted Living Facility to Provide Healthcare Services to a Growing and Aging Population in Upstate New York



 
“Job Creation” is not simply a new catch phrase created by the government to garner the adoration of the public during sluggish economic times or to gain the attention of the media to create news. While we are bombarded with different approaches to create new jobs and get individuals off unemployment and back to work, regional centers such as Empire State EB-5 are working with organizations in communities across the country to cultivate viable plans for job creation into sustainable realities. 

Empire State E-5 recently took some time to discuss with Jack Ormond, Chief Financial Officer at Cuba Memorial Hospital, proposed plans for an Assisted Living Facility in the Town of Cuba, New York. The Stonewood Crossing Assisted Living Facility will have 50 apartment units and seven of the units will have two bedrooms for double occupancy. The facility will have for a program of social and enrichment activities scheduled by staff, and trained nursing personnel will provide medication management for residents.
 
During our time with Jack, we spoke about his experience with the Regional Center Principals David Eckert and Keith Schubmehl, development plans for the facility, and how regional centers such as Empire State EB-5 are utilizing the government sanctioned EB-5 program to assist organizations with alternative financing opportunities (see Blog Part 1 here).

For the second part of our blog series, we discussed with Jack the direct economic effect of the proposed Assisted Living Facility in regards to job creation that will have immense impact on not only the Cuba community, but also the State of New York and US economy as a whole.

We’ve provided a summary of our interview with Jack in order to showcase the most compelling and key facts about the Assisted Living Facility in Cuba, New York. 

Why is the assisted living project vital to the community?
Ormond: It gives us a full spectrum campus that does not exist anywhere within this region within 50-75 miles of where the hospital is located. Our market study census figures state that there are 74,000 individuals over the age of 65 within 30 miles of Cuba Memorial Hospital. That’s quite a market for this type of service that simply cannot be found in the area.

How will the Assisted Living Facility at Cuba Memorial impact the community at large in terms of job creation?
Ormond: The Assisted Living Facility at Cuba Memorial will employ between 46 new individuals, including both full time and part time employees.

What is the projected economic impact of the Assisted Living Facility on the economy?
Ormond: The Assisted Living Facility will create a 4 million dollar annual expense that will be paid for. The facility will generate an additional economic benefit to our region, as the calculator for New York State is generally to be at 2.5 times the expenditures.  We have projected at an 8 to 10 million-dollar annual impact to the community that is hugely important.

Located in a targeted employment area, the Assisted Living Facility meets the criteria for EB-5 investors according to an economic impact study.

According to the Bureau of Labor Statistics, healthcare is one of the largest industries and accounted for 14.3 million jobs for wage and salary workers in 2008. The healthcare industry will generate 3.2 million jobs between 2008 and 2018 (more than any other industry), and with an aging US population, the need for Nursing and Assisted Living facilities could not be more apparent. Nursing and residential care facilities account for 22.8% of all employment within the healthcare sector, and this number is expected to rise exponentially as more individuals reach the age of retirement or are in need of Nursing and Assisted Living care.


For more information about EB-5 programs investment opportunities or capital lending structure,
 
CONTACT US TODAY
Tel: (866) 763-6515





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