Sponsored Project Update – May 2017

The Nevada State EB-5 Regional Center (NVEB-5) sponsored unique mixed use project has seen significant progress the last two months. Updates include:
First Building:|

1. Roofing complete
2. Exterior windows and doors installed
3. Pre-siding exterior vapor wrapping in progress
4. Interior rough construction in progress

Second Building*:

1. Foundation complete
2. Steel beam framework in progress
*Large secondary building will house the office and retail tenant spaces.

Building 1

Building 1

Building 1

Building 1

Building 2

Building 2

Building 2

Building 2

About the Project

The three-story project is a mixed-use facility in Carson City, Nevada, just minutes from iconic Reno, Nevada, and the world-renowned and majestic Lake Tahoe.

Located in the heart of the historical downtown area, the project is currently under-construction, and will be graced by handsome and historically-inspired architectural features. This includes items such as a rich exterior, combining complex dimensional building elevations, with luxurious design details that complement and embrace the style of Nevada’s capital city. Replete with rich woods, brilliant metals, brick and stone, the distinctive ambiance of the complex will shine brilliantly against the stunning backdrop of the Sierra Nevada. The resulting three structure development will include retail/commercial, professional office space, and high-end apartments with garages.

If you are an immigrant investor interested in more information about this exceptional project, please contact NVEB-5. NVEB-5 will provide you with information about participation in the EB-5 Immigrant Investor Program and help direct you to the project owner for more details about the NVEB-5 sponsored project.
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Contact Us

Phone: 775-600-4090

Toll Free: 855-498-6360

E-Mail: admin@nveb5.org

The 10th Annual IIUSA EB-5 Advocacy Conference

The 10th Annual IIUSA EB-5 Advocacy Conference was held April 26-28, 2017 in Washington D.C.. Attendees heard from industry experts, government officials, and other global thought leaders on the many legislative and regulatory issues facing the EB-5 Program. In attendance was Lynn Beteag, Managing Director of the Nevada State EB-5 Regional Center (NVEB-5) in Carson City. Beteag used the opportunity to not only stay abreast of proposed legislation reform, compliance topics and best practices, but also took time to meet with Nevada Congressman Mark Amodei’s Legislative Assistant, Kyle Thomas.Amodei Office

On her meeting with Thomas, Beteag stated, “We had a productive discussion on the future of the EB-5 Program. I am a proponent of the Program and feel it is an excellent and much needed economic development tool for Northern Nevada. Mr. Thomas was gracious to let me express my advocacy for developing long-term authorization of EB-5.”

The EB-5 program was created by Congress in 1990 to aid the U.S. economy by attracting investments from qualified foreign investors. In 1992, Congress enhanced the economic impact of the EB-5 program by permitting the designation of Regional Centers and allow EB-5 capital pooling from multiple foreign investors for investment in USCIS-approved economic development projects within a defined geographic region.*

Touted as a modern economic development tool that utilizes globalization to aid in alternative financing, EB-5 has helped facilitate US investments of over $18.5 billion since 2008. In 2013, Nevada was ranked 6th in states receiving the most EB-5 economic impact by IIUSA with a staggering $121 million in EB-5 capital investment and 2,028 jobs supported.**
The EB-5 Program continues to be a topic of much debate and received an interim extension last week through September 30, 2017. Since 1992, the EB-5 Program has been reauthorized 10 times. Currently, negotiations are in progress on a long-term reauthorization and reform package.

*Source: https://iiusa.org/eb5/
**Source: http://iiusa.org/eb5-economicimpactmap/

Why Reno – The Resurgence of Northern Nevada’s Economy

nnevada

The resurgence of Northern Nevada’s economy and new found growth spurt, has begged the question, “Where can one find relevant information on Reno, Sparks and the Lake Tahoe area?” In efforts to answer and fill an informational void, the Economic Development Authority of Western Nevada (EDAWN), Nevada Association of Employers (NAE), Northern Nevada Human Resources Association (NNHRA), and Reno Sparks Association of Realtors (RSAR) have banded together and created a new website. The site, WhyReno.org, was launched in early March 2017.

Companies and individuals alike whom are new to the area or considering relocating will find great information regarding the incredible quality of life experiences and exceptional job opportunities available. There is simply much more to the Northern Nevada area than downtown Reno and area ski resorts. In fact, the new and improved job market is thriving and housing opportunities are not only affordable but commuters enjoy short travel time and light traffic compared to California cities.

WhyReno.org is designed to be a toolkit and informational resource center where users can customize links and print content. The site incorporates media and marketing material from local contributors as well as the Reno-Sparks Convention and Visitors Authority (RSCVA), University of Nevada Reno, governmental agencies and many other area experts. Additionally, the site will house informational videos on the economy and images highlighting area beauty.

While the information is not entirely unique, the site will act as a one-stop location to access a large variety of information from a plethora of economic development, governmental and area websites. The best media from these multiple sources will be housed together for convenience purposes in efforts to assist companies, realtors and business leaders to spread the word about the many benefits Northern Nevada has to offer.

If you are looking to start or relocate your business in beautiful Northern Nevada, please contact the Nevada State EB-5 Regional Center (NVEB-5). NVEB-5 may be able to assist your business venture with additional capital through EB-5 Program participation.

Learn more about how companies or project developers seeking additional capital can grow their business or launch a new venture that creates US based jobs at: NVEB5.org.

Call: 1.885.498.6360
or
Email: Admin@NVEB5.org

 

Sponsored Project Update – March 2017

The Nevada State EB-5 Regional Center (NVEB-5) has sponsored a unique mixed use project which is currently under construction and novel to the area. Project completion is slated for late Fall of 2017 and great progress has been made despite unusually harsh winter weather conditions. Rough framing of the first building is nearing completion with roofing expected to be completed by the end of March. Foundation and steel beam framework has begun on the large secondary building which will house the office and retail tenant spaces.

Brief Project Overview:

2 IMG_0275 (2) c IMG_0273 IMG_0274

The three story Project is a mixed-use facility in Carson City, Nevada, just minutes from iconic Reno, Nevada, and the world-renowned and majestic Lake Tahoe.

Located in the heart of the historical downtown area, the project is currently under-construction, and will be graced by handsome and historically-inspired architectural features. This includes items such as a rich exterior, combining complex dimensional building elevations, with luxurious design details that complement and embrace the style of Nevada’s capital city. Replete with rich woods, brilliant metals, brick and stone, the distinctive ambiance of the complex will shine brilliantly against the stunning backdrop of the Sierra Nevada. The resulting three structure development will include retail/commercial, professional office space, and high-end apartments with garages.

As the efforts of the Carson City Public Works Department, to redevelop the downtown corridor with pedestrian friendly walkways and venues, have recently been completed, the Project will enjoy center stage from that city-driven focus on economic stimulation. This unique complex will be a destination that amplifies this new focus and encourages local commerce and tourism.

If you are an immigrant investor interested in more information about this exceptional project, please contact NVEB-5. NVEB-5 will provide you with information about participation in the EB-5 Immigrant Investor Program and help direct you to the project owner for more details about the NVEB-5 sponsored project.

Contact Us

Phone: 775-600-4090

Toll Free: 855-498-6360

E-Mail: admin@nveb5.org