Economic Forum–Local Investments Turn More International

The Economic Forum held February 12, 2015 provided area real estate agents and community members with information about the future of international participation in our local economy. See full story from News 2 and video clip below.

They say you can already see how it’s paying off at the Tahoe-Reno Industrial Center. Tony Lyerly of the Reno Tahoe International Council told us, “There’s a lot of companies there that are global, and we’re hoping we can attract more people to come in.” And he’s sure northern Nevada has the goods to attract global investment. As he out it, “Basically right now, is our tax structure. You know that is very business friendly.”

And that’s why an event was held at the Atlantis today (Thursday) for the first time in Reno…participants see a lot of economic possibilities (money) from across the seas from investors bringing their money here. More from other countries would give another jolt to our economy. As the group’s director Jeni Temen told us, “It is important, so we started Reno-Tahoe International Council about a year and a half ago.”

Jeni knows…she spent her life in Europe before making her way to the U.S. almost 30 years ago. She knows others, bringing in outside money, can make a huge difference here. She started this organization to do just that: “I’d like to see more international people and their money here all the time, of course.”

For the foreign investor, there’s already a huge draw to do that. It’s called the EB-5 program. It awards a visa to foreigners who invest at least $500,000 in the U.S. The program’s local administrator Lynn Beteag told us, “For the foreign investor, they can obtain their green card. But the real benefit to our region is creating jobs.”

Beteag says it’s already paying off. She says expect to see more Chinese nationals and their money in the U.S. “There’s 10,000 visas that are allotted each year by the government, and China takes up about 8,000 of them a year.”

 

Curated from Local Investment Turns More International – KTVN Channel 2 – Reno Tahoe News Weather, Video –

 

 

 

Reno Tahoe International Council – Economic Forum

Lynn Beteag, Administrator for the Nevada State EB-5 Regional Center, will be speaking at the upcoming Reno Tahoe International Council’s Economic Forum. The event will be held on February 12th, 2015 at the Atlantis Casino in Reno, Nevada. The forum will highlight area economic development, the impact of business on Northern Nevada and the local housing industry, and growing business through foreign capital investment.

Also, scheduled to present are:

Governor’s Office on Economic Development
Northern Nevada Development Authority
Nevada Housing Division
University of Nevada, Reno
Builders Association of Western Nevada
Nevada State EB-5 Regional Center
Global Cultural Navigators
The Reno Tahoe Airport Authority
Comstock Mining
City of Reno City of Sparks
Builders Association of Northern Nevada
Tesla

To read the full press release dated February 5th, 2015, click here.

Legislation to Permanently Authorize EB-5 Program on January 28, 2015 –

Understanding the economic benefit and opportunity that the EB-5 program has to our nation’s future, Nevada Congressman, Mark Amodei and Colorado Congressman, Jared Polis, have introduced legislation to make the program permanent and allow for job creation through foreign capital investment. Additionally, the bill titled American Entrepreneurship and Investment Act of 2015, would address Target Employment Areas, transparency and streamline processing times.

Read the complete article below.

For more information about the EB-5 Program and the benefits to both new and expanding companies/project developers thru foreign capital investment, contact The Nevada State EB-5 Regional Center.

With the regional center program set to expire in September 2015, the EB-5 industry has been given new life in the form of the American Entrepreneurship and Investment Act of 2015. The Act was introduced today by Congressmen Jared Polis (CO-02) and Mark Amodei (NV-02), and is a follow-up to last year’s bill of the same name. The bill would make the regional center program permanent and allow for continued job creation and a more reliable stream of foreign capital.

“Our nation has always been at its strongest when we attracted the best and brightest minds to help build and invest in our economy,” said Rep. Polis. “The EB-5 visa program is an important tool that brings innovation and investment to the United States, and this bipartisan bill will improve and make permanent the program so that foreign investment and talent will continue to flow into our businesses, and strengthen our economy.”

Read More 

 

Curated from Congressmen Jared Polis and Mark Amodei Introduce Bipartisan Legislation to Permanently Authorize EB-5 Program on January 28, 2015 – EB5Investors.com

 

In-Depth Look at an EB-5 Regional Center

What does EB-5 stand for?

The term EB-5 is a United States Citizenship and Immigration Services (USCIS) designation that stands for Employment-Based 5th Category. Under the U.S. immigration law, there are five different categories of immigrating through employment-based avenues, and since EB-5 deals with employment-creation, it’s been designated as the 5th category of Employment-Based methods of immigrating. EB-5 is also commonly referred to as Investor Green Card or Investment Green Card.

What is an EB-5 Regional Center?

An EB-5 Regional Center is defined as a government approved entity, public or private, which is involved with the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment. In practical terms, a regional center serves as an entity that companies/project developers affiliate with in order to raise EB-5 capital.

The designation “EB-5 Regional Center” is similar to the concept of licensing; the regional center designation allows projects, which meet specific job creation advantages, to legally access EB-5 capital (foreign capital investment).

The EB-5 Program’s capital is created by foreign investors who invest in an approved company/project developer’s project. The capital investment must create a minimum of 10 jobs for US workers. The investor is NOT personally responsible for creating these jobs, but rather the money invested will allow a company/project developer’s business to create jobs.

Investors are given the opportunity to analyze the business or project itself prior to investment.

The professionals at the Nevada State EB-5 Regional Center are here to provide guidance through the steps of the EB-5 process and are responsible for directing investors to regional projects that are in compliance with the state and federal regulations.

It’s a win-win-win!

  • The Foreign Capital Investors gain legal entry to the US
  • The Domestic businesses receive capital to start or grow their business
  • The local economy gains local jobs

 

For additional information about this outstanding program, please contact the Nevada State EB-5 Regional Center:

Admin@NBEB5.org

Toll free: 855.498.6360

Job, population growth to test Nevada’s infrastructure

With the economy in Nevada rebounding, there is revitalized interest in investing in business opportunities within the Silver State. The recent announcement by Tesla to locate its gigafactory east of Reno is just one example of how Nevada is cutting unemployment and growing its population. In fact, the Economic Development Authority of Western Nevada (EDAWN) is projecting an increase, in the region, of more than 50,000 jobs by 2019.

Last year, EDAWN assisted 34 companies in moving or expanding in Nevada. The statistics are intriguing and even more companies are looking at the advantages of domiciling in Nevada.

Please read the complete article below.

If you are a new or expanding business looking for investors, the Nevada State EB-5 Regional Center provides support services that focus on the growth of both existing businesses and new business ventures through foreign capital investments. For more information about the advantages of becoming an EB-5 approved project, please contact 885.498.6360.

Job growth to test region’s infrastructure says EDAWN
Nevada must get ahead of challenges posed by increased economic activity, population, according to Economic Development Authority of Western Nevada.
Check out this story on rgj.com: http://on.rgj.com/1Joe9ef

Nearly five years after Nevada posted the nation’s highest unemployment rate during the recession, the state finds itself facing the challenges that come with a rebound.

 

Curated from Job, population growth to test Nevada’s infrastructure

 

Foreign Capital Investment – Looking to invest in within the United States.

Investing in the United States provides investors and their family members with an array of personal and financial benefits in one of the most dynamic and desirable locations in the world. People come to the US for many reasons including: virtually unlimited outdoor recreation, exploration, quality of life living environment, good health, and personal growth. In addition to these benefits, the United States offers extensive financial opportunities throughout the country and in virtually any business category.

Many individuals and their families seek to take advantage of the benefits of US residency through the EB-5 Program. This program is designed to assist individuals in obtaining legal entry into the US through capital foreign investment utilizing a stringent United States Citizenship and Immigration Services (USCIS) regulated process.

So what is an EB-5 Program Regional Center?

The simple explanation!

An EB-5 Regional Center brings together:

  1. Foreign Capital Investors – individuals seeking legal entry into the United States thru a stringent program monitored by the United States Citizenship and Immigration Services (USCIS).
  2. Company /Project Developers –entities seeking capital to start or grow a domestic business or project.

Why?

The EB-5 Program works to bring these parties together in an effort to create local jobs.

Sound Interesting? To learn more about the advantages of participating in the EB-5 Program, contact The Nevada State EB-5 Regional Center.

Contact us:

Admin@NVEB5.org

Toll Free: 855.498.6360

Located in Northern Nevada’s beautiful Carson City., The Nevada State EB-5 Regional Center, is a group of knowledgeable professionals bringing together exceptional business ventures and foreign capital investors. Our experienced staff provide company/project developers and investors with easy to understand guidelines for the program and assists participants in navigating the process. 

 

 

IIUSA Closes Second Year Issuing Regional Center Business Journal – IIUSA | Blog

EB-5 is Working! For You! For America!

In 2008, there were less than 20 approved EB-5 Regional Centers in the United States. Today, there are hundreds. The EB-5 Program has grown and evolved since its inception. In efforts to keep EB-5 Regional Centers abreast of vital information on legislation developments, share success stories and promote upcoming events, the Invest In the USA (IIUSA) was created. Founded in 2005, IIUSA is the national membership-based 501(c)(6) not-for-profit industry trade association for the EB-5 Regional Center Program.

The IIUSA provides members and non-members alike with up-to-date information on the procedures, processes and outcomes of the entire EB-5 Program and just released its second Regional Center Business Journal. See article below.

To receive more information on the EB-5 Program, to become an EB-5 approved project or qualified foreign investor, please contact 855.498.6360.

As the industry continues to grow at a rapid pace, IIUSA is proud to serve as the primary resource for EB-5 related information. We’ve worked hard over the past two years to provide consistently high quality content for the Regional Center Business Journal, and hope it serves as a reminder of IIUSA’s commitment to our members and colleagues

 

Curated from IIUSA Closes Second Year Issuing Regional Center Business Journal – IIUSA | Blog

 

U.S. Department of State Publishes FY2014 EB-5 Visa Statistics by Immigrant Origin

As expected, China mainland born investors constituted the majority in EB-5 in FY2014, with 9,128 immigrants, or 85.4% of the 10,692 visas issued plus status adjustments made in the EB-5 category. This number also signifies a 32.4% relative increase from the amount of China mainland born EB-5 immigrants in FY2013, in which they constituted 80.5% of the EB-5 category total. In both years, investing $500,000 in a TEA through a regional center was the overwhelming investment choice for China mainland born applicants, with 95.5% choosing that route in FY2013 and 98.2% in FY2014.

 

for the EB-5 category. The publication breaks-down EB-5 numbers according to visa recipient’s specific country of origin, also offering continental totals. The publication additionally differentiates between the type of EB-5 investment that was made (directly or through a regional center), and whether the investment was made in a targeted employment area, among other data. These numbers offer insight into where and how the EB-5 program is most utilized, and in combination with data from

 

Curated from U.S. Department of State Publishes FY2014 EB-5 Visa Statistics by Immigrant Origin

 

US Dept. of State Statistics on EB-5 Visa Usage

that informs the public of the availability of visa categories for that particular month, that the EB-5 industry was warned that based on then current demand patterns it was likely that the availability of EB-5 visas for investors from China with I-526 approvals (and their spouse and children under 21) would be backlogged due.  The reason for this is a combination of: the total number of visa available annually to all employment-based immigrant visa categories, the number of EB-5 visas available annually, and the per country caps per category once its annual allocation has been exhausted.  With 8,567 of the annual EB-5 visa allocation of 10,000 issued in fiscal year (FY) 2013, the December 2012 warning from State never came to fruition in FY2013.  However, recently reported data from Chief of the State’s Visa Controls Office, Charles Oppenheim, indicates that it is unlikely (absent Congressional action) we can avoid a backlog in availability of EB-5 views to investors and family from China in FY2014.

In just the first couple of months of FY2014, 4,748 EB-5 are spoken for already.  That number is up 50.2% in the same period as last year.  With the prospect of “retrogression” (the technical term for a backlog in visa availability) looming as the EB-5 industry moves toward the 10,000 visa quota, there are several wide ranging implications that IIUSA members should pay close attention to. From an immigration standpoint, the investor’s ability to file for Adjustment of Status or Consular Processing will be delayed as a result of a backlog of I-526 petitions, which would lead to Child Status Protection Act (CSPA) considerations for “age out” situations. For Regional Centers, job creation and capital redemption timelines will be impacted by a lag in visa approvals. Also, such a delay would create issues with funds sitting in escrow, potentially leading to concerns regarding project development and whether the EB-5 capital will be available when needed. From a securities perspective, new risk factors for private placement memoranda (PPMs) would arise as a result of retrogression. Issuers will have to disclose the potential risks associated with the new reality. Lastly, other country’s with immigrant investor programs will use retrogression to compete with EB-5.

 

Curated from US Dept. of State Statistics on EB-5 Visa Usage Indicate Backlog in FY2014 is Likely – IIUSA | Blog

 

Mining: Progress Amid Tough Economics

“Different aspects of the industry are struggling, but our ability to be sustainable is greater now than ever because we’ve learned to be more efficient, to manage the highs and lows,” said Tim Crowley, recently retired president,

 

“Tesla will put a lot of pressure on our school system—from kindergarten to higher education—to produce engineers and a smart workforce,” Crowley added. “We’ll benefit from that as well.”

 

Another bright spot is the potential for mining rare earth elements in the Silver State—terbium, dysprosium, europium, ytterbium and more. An existing deposit in California near the Nevada border suggests those elements are present here.

 

 

Curated from Mining: Progress Amid Tough Economics