US Economy Looking Good for EB5 Visa Investors

[Source: WhichEB5]

If you are presently thinking about making a permanent move to the USA through the EB5 visa, but have some concerns about your timing, in connection with the performance of the US economy, a recent report from Wells Fargo will be of interest to you.

The report, backed up by a lot of impressive evidence, indicates strong future prospects for the USA and considers five particularly important areas, profitability, innovation, resources, stability and people to draw a very positive conclusion.

The US is the leading country in research and development in eight out of ten technology areas including:-

• Agriculture and food production
• Aerospace, rail and non-auto transportation
• Military aerospace, defense and security
• Composite, nanotech and other advanced materials
• Energy generation and efficiency
• Healthcare, medical, life science and biotech.
• Information and communications|
• Instruments and non ICT electronics

Read article in full: US Economy Looking Good for EB5 Visa Investors 

CONTACT US EMPIRE STATE EB5 REGIONAL CENTER TODAY!

1160F Pittsford Victor Rd.

Pittsford, New York 14534

Tel: (866) 763-6515
EMAIL HERE or WEBSITE HERE

China's economy slows for second straight quarter, testing reforms

[Source: NBCNews]

China's economic growth in the second quarter of the year may not have slowed as much as some had feared, but a large degree of uncertainty about the outlook for the world's second biggest economy remains, strategists say.

Data on Monday showed the Chinese economy grew 7.5 percent year on year in the June quarter, in line with expectations, but down from 7.7 percent in first three months of the year to mark the second straight quarter of slowing growth.

"Who knows if 7.5 percent [growth] is sustainable? It really is a question of watching the data and where it stabilizes is what's important for the market," Simon Warner, head of macro markets at AMP Capital, told CNBC Asia's "Cash Flow."

"We have a real situation in China where nobody really knows where Chinese growth is going to settle down in the coming quarters," he added.

The China gross domestic product (GDP) data bought some relief to markets, which had braced for a weaker-than-forecast number after recent data sparked fears of a sharp slowdown in growth.

Asian stock markets were a touch firmer after the GDP release, while the China-data sensitive Australian dollar hit a session high of about $0.9109

Entire Article here: China's economy slows

More than a Green Card for Sale, the EB-5 Program is Good for America!

(Author: K. Lara Baharlo, Esq., Of Counsel, Wolfsdorf Immigration Law Group, Original article HERE) 

In 1990 Congress created the employment-based fifth preference visa category (EB-5) category for foreigners seeking to invest in a business that will benefit the US economy and create or preserve at least 10 full-time jobs for qualified US workers. The amount required to invest is $1 million or $500,000 if the investment is made in a high unemployment or rural area.

Some portray the typical EB-5 investor as an ultra-rich Chinese businessman in the market for a prestigious US green card. One restrictionist group describes EB-5 as a “tacky, troubled program that doesn’t do much for economic development.” Others say the EB-5 program “let[s] the guys in with the money and leave[s] the best and brightest waiting in line.” Meanwhile, participants in the program have their own criticisms, alleging that US Citizenship and Immigration Services (USCIS) is hostile toward EB-5 because it is viewed as a “green card for sale” program that denigrates the US immigration system, and is essentially bad for America.

A fundamental tenet of the EB-5 program is job creation, which is often minimized by program critics. There are economic citizenship programs available in some countries through which an individual can buy a passport for a price. However, the EB-5 program requires much more in that the investment required to put one on the path to permanent residency must, amongst other things, create jobs and be at risk. As such, the “green card for sale” concept is flawed and oversimplifies the EB-5 process.

According to statistics published by IIUSA, the industry trade association for the EB-5 Regional Center Program, almost 100,000 jobs have been created for US workers through the EB-5 program, with nearly $5 billion in capital infused into job creating enterprises in the United States since 2005. These figures should be viewed against an increasingly common backdrop of outsourcing and offshore back-office operations. Should we not welcome a program that creates US jobs and infuses a lagging economy with much needed capital? Already, the US must compete with investor programs that are more attractive due to better administration and less stringent requirements. Although some of these programs are more expensive, they can offer passive investment opportunities and shorter processing times with a higher degree of certainty that the investor will achieve his or her goal of residency.

Yes, the EB-5 program has endured fraud and abuse, but scams and deception are not unique to EB-5. Yes, some Regional Centers have failed to deliver on their promises, and investors and projects have suffered. However, the need for weeding out bad actors must be balanced by the need to provide a predictable and stable program for those with legitimate interests so that the United States can continue reaping the significant benefits of attracting foreign investors, particularly during this time of economic struggle and uncertainty.

America is no longer the overwhelmingly dominant global superpower, and cultural arrogance is not a platform from which to operate a congressionally mandated program. However, the United States is still considered the “land of opportunity” throughout the world and can provide excellent educational and quality of life options for high net worth individuals and their families. Although painful to admit, the US cannot afford to deter the billions in capital and hundreds of thousands of jobs that result from EB-5 investment.

Now is the time for the United States to encourage entrepreneurs, capital inflow and job creation. The EB-5 program is smart business, and the United States should be a world leader in attracting immigrant entrepreneurs who are ready and willing to take on the challenge of making it as investors and job creators in America.
 (Ms. Baharlo can be contacted at lbaharlo@wolfsdorf.com; Original article HERE)

Reigniting the Catskill Tourist Industry: EPR Properties and Empire Resorts

Below, Empire Resorts releases great news last week regarding the Concord Casino and Resort development in Sullivan County. The Rock Hill Town Center is less than 4 miles from the future Concord Casino and Resort. The Rock Hill Town Center (Empire State EB-5/Rock Hill Regional Center) is an EB-5 funded development project that will be split up into two phases. Phase I will include the construction of a 90-room hotel, 60,000 sqft. of retail space and residential lots. The economic growth in the Upstate New York is on the rise, so be on the lookout for more updates and news regarding Rock Hill Town Center and community drivers.

[Press Release: Empire Resorts, Inc. – Wed, Jan 16, 2013; SOURCE: Yahoo Finance] 

MONTICELLO, N.Y.--(BUSINESS WIRE)-- 

 

EPR Properties (“EPR”) (EPR), together with Empire Resorts, Inc. and its wholly owned subsidiary, Monticello Raceway Management, Inc. (together “Empire”) (NYNY) last night received approval from the Town of Thompson Town Board on the Comprehensive Development Plan (“CDP”), SEQRA findings and the Planned Resort Development Text Amendments (“Amendments”) for the 1,583-acre site of the former Concord Resort (“EPT Concord Resort”). Approval of the CDP and SEQRA findings and the adoption of the Amendments means the joint developments can now move forward with the submission of individual site plan applications, thus initiating the commencement of the build-out of the proposed EPT Concord Resort. 

Continue reading the full article here: EPR Properties and Empire Resorts Receive Approval for Destination Resort Master Plan

Rock Hill Town Center: Concord Resort and Casino - A new approach. A new opportunity.

The site sits directly off of Interstate 86 Exit 106 and is less than4 miles from Rock Hill Town Center.  This project is a joint venture of Empire Resorts, Inc., which is controlled by the Genting Group of Malaysia, and Entertainment Property Trust, which is a $2.9 billion real estate investment trust. Genting Group is one of the largest conglomerates in Asia with holdings in excess of $40 billion.  It is also one of the top gaming and casino operators in Asia (Resorts World) and was the original financial backer of Foxwoods Casino in Connecticut.  Together, Empire Resorts and Entertainment Property Trust have already invested in excess of $300,000,000 in Sullivan County, where the Rock Hill Town Center is located.  The Concord Casino and Resort project will create in excess of 2000 immediate construction jobs and over 1500 permanent jobs.

Keep up to date on fresh news and changing developments here -

http://newcatskillsdestination.com/vision.html

 

 

  To learn about the exciting investment opportunity for Rock Hill Town Center:

Tel: (866) 763-6515 

or

  EMAIL HERE