Monday, December 28, 2009
ILLINOIS SPORTS COMPLEX SEEKING EB-5 INVESTORS
A Lakewood, Illinois developer is seeking federal stimulus dollars as well as EB-5 investors to help fund a 200 acre sports complex featuring a 125,000 building. From the Lakewood Herald:
The business plan states that the facility will create 420 permanent jobs, bring in 600,000 visitors a year, and make $15 million in its first year. Its business model is not reliant on rental – it will own the leagues and create revenue through attendance and merchandising.
McHenry County received $27.5 million in federal bonding authority for private projects under the $789 billion American Reinvestment and Recovery Act. The bonds are meant to encourage lending for shovel-ready projects by giving investors a 45 percent refund of the federal taxes payable on them.
The full County Board must approve the request, which it likely will do at its next meeting Jan. 5.
The other funding source will come from a federal financing program called employment based fifth preference, or EB-5. The program, created in 1990, offers foreign investors who create or save jobs permanent resident status.
Joining Tenore at Tuesday's meeting were the two investment banking firms who are going to underwrite the stimulus bonds and the EB-5 investment
.
# posted by Greg Siskind @ 7:53 AM
CHINESE INVESTOR SEEKING EB-5 GREEN CARDS
An American and Chinese news agency each report this week on increasing numbers of Chinese investors seeking EB-5 investor green cards.
# posted by Greg Siskind @ 7:42 AM
Saturday, December 19, 2009
MPI: RECESSION BREATHES NEW LIFE IN TO EB-5 PROGRAM
The Migration Policy Institute has issued a paper discussing the surge in EB-5 interest this year as companies struggle to find capital to fund major projects.
# posted by Greg Siskind @ 10:20 PM
NEW ORLEANS REGIONAL CENTER TO INVEST IN NEW HOTEL PROJECT
New Orleans City Business reports that the NobleOutreach EB-5 regional center is raising $7 million for a new hotel project in the Algiers neighborhood.
# posted by Greg Siskind @ 9:05 PM
Saturday, December 12, 2009
VERMONT HOPING KOREAN BIOTECH FIRM LEVERAGES EB-5 PROGRAM
Officials in Newport, Vermont are hoping that the state's EB-5 regional center status will help the town attract ANC Bio to set up a plant in the community.
# posted by Greg Siskind @ 3:05 PM
MISSISSIPPI HYBRID CAR PLANT PLANNING ON USING EB-5 TO HELP WITH FUNDING
The Memphis Daily News reports on the project in Tunica, Mississippi being developed by Chinese firm GreenTech. The company is seeking EB-5 regional center status to help with raising capital.
# posted by Greg Siskind @ 2:57 PM
DAYTON, KY SEEKING EB-5 REGIONAL CENTER STATUS
Dayton, Kentucky, on the other side of the Ohio River facing Cincinnati, is in the middle of a $1 billion redevelopment project for its riverfront and is seeking EB-5 regional center status in order to help in raising funds for the project.
# posted by Greg Siskind @ 2:33 PM
Wednesday, December 2, 2009
REGIONAL CENTER APPROVED IN IDAHO
Invest Idaho LLC (known as I-Cubed) hopes to attract $50,000,000 in investor funds to fund start up ventures.
# posted by Greg Siskind @ 7:08 PM
TIME FOR A FOUNDERS' VISA?
Vivek Wadhwa has a cool new proposal for a visa targeted toward entrepreneurs with great ideas and start up capital to launch new enterprises. Here's some of what he writes in Businessweek:
Here's how it would work. Suppose a talented engineer who is not a U.S. citizen has a great idea for a new type of search engine and wants to start a company. This entrepreneur wants to start that company in the U.S., where venture capital markets are the most mature, intellectual property laws are strong, and the talent level is high. It turns out that the would-be founder's search engine idea is actually very good. So a qualified U.S. investor decides to put real money—say, $250,000 to $500,000—into the startup. That investor could nominate the potential founder for a Founders Visa while also making a formal commitment to fund his or her company.
The idea and the founder's résumé would then need to pass muster with a government or industry-appointed board of venture capitalists, financiers, or technology experts. After passing, the founder would be granted a permanent resident visa.
To open up visa slots, Ries, Feld and others propose altering an existing visa known as the EB-5, now for immigrant investors. Created by the Immigration Act of 1990, the EB-5 lets foreign nationals who invest at least $1 million in the U.S., and thereby create 10 jobs, obtain a green card. In areas where unemployment is high, foreign nationals need only invest $500,000 to obtain residency. By adding a Founders Visa provision such as that I have outlined to the EB-5 visa, we could avoid having to create a new class of visas and any political hassles this might entail.
Democratic Congressman Jared Polis and arch-conservative Republican Newt Gingrich are two politicians championing the idea. Hopefully, some of the folks drafting the immigration reform bill in Congress will take note.
# posted by Greg Siskind @ 10:05 AM
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The business plan states that the facility will create 420 permanent jobs, bring in 600,000 visitors a year, and make $15 million in its first year. Its business model is not reliant on rental – it will own the leagues and create revenue through attendance and merchandising.
McHenry County received $27.5 million in federal bonding authority for private projects under the $789 billion American Reinvestment and Recovery Act. The bonds are meant to encourage lending for shovel-ready projects by giving investors a 45 percent refund of the federal taxes payable on them.
The full County Board must approve the request, which it likely will do at its next meeting Jan. 5.
The other funding source will come from a federal financing program called employment based fifth preference, or EB-5. The program, created in 1990, offers foreign investors who create or save jobs permanent resident status.
Joining Tenore at Tuesday's meeting were the two investment banking firms who are going to underwrite the stimulus bonds and the EB-5 investment
.
Saturday, December 19, 2009
MPI: RECESSION BREATHES NEW LIFE IN TO EB-5 PROGRAM
The Migration Policy Institute has issued a paper discussing the surge in EB-5 interest this year as companies struggle to find capital to fund major projects.
# posted by Greg Siskind @ 10:20 PM
NEW ORLEANS REGIONAL CENTER TO INVEST IN NEW HOTEL PROJECT
New Orleans City Business reports that the NobleOutreach EB-5 regional center is raising $7 million for a new hotel project in the Algiers neighborhood.
# posted by Greg Siskind @ 9:05 PM
Saturday, December 12, 2009
VERMONT HOPING KOREAN BIOTECH FIRM LEVERAGES EB-5 PROGRAM
Officials in Newport, Vermont are hoping that the state's EB-5 regional center status will help the town attract ANC Bio to set up a plant in the community.
# posted by Greg Siskind @ 3:05 PM
MISSISSIPPI HYBRID CAR PLANT PLANNING ON USING EB-5 TO HELP WITH FUNDING
The Memphis Daily News reports on the project in Tunica, Mississippi being developed by Chinese firm GreenTech. The company is seeking EB-5 regional center status to help with raising capital.
# posted by Greg Siskind @ 2:57 PM
DAYTON, KY SEEKING EB-5 REGIONAL CENTER STATUS
Dayton, Kentucky, on the other side of the Ohio River facing Cincinnati, is in the middle of a $1 billion redevelopment project for its riverfront and is seeking EB-5 regional center status in order to help in raising funds for the project.
# posted by Greg Siskind @ 2:33 PM
Wednesday, December 2, 2009
REGIONAL CENTER APPROVED IN IDAHO
Invest Idaho LLC (known as I-Cubed) hopes to attract $50,000,000 in investor funds to fund start up ventures.
# posted by Greg Siskind @ 7:08 PM
TIME FOR A FOUNDERS' VISA?
Vivek Wadhwa has a cool new proposal for a visa targeted toward entrepreneurs with great ideas and start up capital to launch new enterprises. Here's some of what he writes in Businessweek:
Here's how it would work. Suppose a talented engineer who is not a U.S. citizen has a great idea for a new type of search engine and wants to start a company. This entrepreneur wants to start that company in the U.S., where venture capital markets are the most mature, intellectual property laws are strong, and the talent level is high. It turns out that the would-be founder's search engine idea is actually very good. So a qualified U.S. investor decides to put real money—say, $250,000 to $500,000—into the startup. That investor could nominate the potential founder for a Founders Visa while also making a formal commitment to fund his or her company.
The idea and the founder's résumé would then need to pass muster with a government or industry-appointed board of venture capitalists, financiers, or technology experts. After passing, the founder would be granted a permanent resident visa.
To open up visa slots, Ries, Feld and others propose altering an existing visa known as the EB-5, now for immigrant investors. Created by the Immigration Act of 1990, the EB-5 lets foreign nationals who invest at least $1 million in the U.S., and thereby create 10 jobs, obtain a green card. In areas where unemployment is high, foreign nationals need only invest $500,000 to obtain residency. By adding a Founders Visa provision such as that I have outlined to the EB-5 visa, we could avoid having to create a new class of visas and any political hassles this might entail.
Democratic Congressman Jared Polis and arch-conservative Republican Newt Gingrich are two politicians championing the idea. Hopefully, some of the folks drafting the immigration reform bill in Congress will take note.
# posted by Greg Siskind @ 10:05 AM
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Saturday, December 12, 2009
VERMONT HOPING KOREAN BIOTECH FIRM LEVERAGES EB-5 PROGRAM
Officials in Newport, Vermont are hoping that the state's EB-5 regional center status will help the town attract ANC Bio to set up a plant in the community.
# posted by Greg Siskind @ 3:05 PM
MISSISSIPPI HYBRID CAR PLANT PLANNING ON USING EB-5 TO HELP WITH FUNDING
The Memphis Daily News reports on the project in Tunica, Mississippi being developed by Chinese firm GreenTech. The company is seeking EB-5 regional center status to help with raising capital.
# posted by Greg Siskind @ 2:57 PM
DAYTON, KY SEEKING EB-5 REGIONAL CENTER STATUS
Dayton, Kentucky, on the other side of the Ohio River facing Cincinnati, is in the middle of a $1 billion redevelopment project for its riverfront and is seeking EB-5 regional center status in order to help in raising funds for the project.
# posted by Greg Siskind @ 2:33 PM
Wednesday, December 2, 2009
REGIONAL CENTER APPROVED IN IDAHO
Invest Idaho LLC (known as I-Cubed) hopes to attract $50,000,000 in investor funds to fund start up ventures.
# posted by Greg Siskind @ 7:08 PM
TIME FOR A FOUNDERS' VISA?
Vivek Wadhwa has a cool new proposal for a visa targeted toward entrepreneurs with great ideas and start up capital to launch new enterprises. Here's some of what he writes in Businessweek:
Here's how it would work. Suppose a talented engineer who is not a U.S. citizen has a great idea for a new type of search engine and wants to start a company. This entrepreneur wants to start that company in the U.S., where venture capital markets are the most mature, intellectual property laws are strong, and the talent level is high. It turns out that the would-be founder's search engine idea is actually very good. So a qualified U.S. investor decides to put real money—say, $250,000 to $500,000—into the startup. That investor could nominate the potential founder for a Founders Visa while also making a formal commitment to fund his or her company.
The idea and the founder's résumé would then need to pass muster with a government or industry-appointed board of venture capitalists, financiers, or technology experts. After passing, the founder would be granted a permanent resident visa.
To open up visa slots, Ries, Feld and others propose altering an existing visa known as the EB-5, now for immigrant investors. Created by the Immigration Act of 1990, the EB-5 lets foreign nationals who invest at least $1 million in the U.S., and thereby create 10 jobs, obtain a green card. In areas where unemployment is high, foreign nationals need only invest $500,000 to obtain residency. By adding a Founders Visa provision such as that I have outlined to the EB-5 visa, we could avoid having to create a new class of visas and any political hassles this might entail.
Democratic Congressman Jared Polis and arch-conservative Republican Newt Gingrich are two politicians championing the idea. Hopefully, some of the folks drafting the immigration reform bill in Congress will take note.
# posted by Greg Siskind @ 10:05 AM
XML newsfeed
archives
DAYTON, KY SEEKING EB-5 REGIONAL CENTER STATUS
Dayton, Kentucky, on the other side of the Ohio River facing Cincinnati, is in the middle of a $1 billion redevelopment project for its riverfront and is seeking EB-5 regional center status in order to help in raising funds for the project.
# posted by Greg Siskind @ 2:33 PM
Wednesday, December 2, 2009
REGIONAL CENTER APPROVED IN IDAHO
Invest Idaho LLC (known as I-Cubed) hopes to attract $50,000,000 in investor funds to fund start up ventures.
# posted by Greg Siskind @ 7:08 PM
TIME FOR A FOUNDERS' VISA?
Vivek Wadhwa has a cool new proposal for a visa targeted toward entrepreneurs with great ideas and start up capital to launch new enterprises. Here's some of what he writes in Businessweek:
Here's how it would work. Suppose a talented engineer who is not a U.S. citizen has a great idea for a new type of search engine and wants to start a company. This entrepreneur wants to start that company in the U.S., where venture capital markets are the most mature, intellectual property laws are strong, and the talent level is high. It turns out that the would-be founder's search engine idea is actually very good. So a qualified U.S. investor decides to put real money—say, $250,000 to $500,000—into the startup. That investor could nominate the potential founder for a Founders Visa while also making a formal commitment to fund his or her company.
The idea and the founder's résumé would then need to pass muster with a government or industry-appointed board of venture capitalists, financiers, or technology experts. After passing, the founder would be granted a permanent resident visa.
To open up visa slots, Ries, Feld and others propose altering an existing visa known as the EB-5, now for immigrant investors. Created by the Immigration Act of 1990, the EB-5 lets foreign nationals who invest at least $1 million in the U.S., and thereby create 10 jobs, obtain a green card. In areas where unemployment is high, foreign nationals need only invest $500,000 to obtain residency. By adding a Founders Visa provision such as that I have outlined to the EB-5 visa, we could avoid having to create a new class of visas and any political hassles this might entail.
Democratic Congressman Jared Polis and arch-conservative Republican Newt Gingrich are two politicians championing the idea. Hopefully, some of the folks drafting the immigration reform bill in Congress will take note.
# posted by Greg Siskind @ 10:05 AM
XML newsfeed
archives
TIME FOR A FOUNDERS' VISA?
Vivek Wadhwa has a cool new proposal for a visa targeted toward entrepreneurs with great ideas and start up capital to launch new enterprises. Here's some of what he writes in Businessweek:
Here's how it would work. Suppose a talented engineer who is not a U.S. citizen has a great idea for a new type of search engine and wants to start a company. This entrepreneur wants to start that company in the U.S., where venture capital markets are the most mature, intellectual property laws are strong, and the talent level is high. It turns out that the would-be founder's search engine idea is actually very good. So a qualified U.S. investor decides to put real money—say, $250,000 to $500,000—into the startup. That investor could nominate the potential founder for a Founders Visa while also making a formal commitment to fund his or her company.
The idea and the founder's résumé would then need to pass muster with a government or industry-appointed board of venture capitalists, financiers, or technology experts. After passing, the founder would be granted a permanent resident visa.
To open up visa slots, Ries, Feld and others propose altering an existing visa known as the EB-5, now for immigrant investors. Created by the Immigration Act of 1990, the EB-5 lets foreign nationals who invest at least $1 million in the U.S., and thereby create 10 jobs, obtain a green card. In areas where unemployment is high, foreign nationals need only invest $500,000 to obtain residency. By adding a Founders Visa provision such as that I have outlined to the EB-5 visa, we could avoid having to create a new class of visas and any political hassles this might entail.
Democratic Congressman Jared Polis and arch-conservative Republican Newt Gingrich are two politicians championing the idea. Hopefully, some of the folks drafting the immigration reform bill in Congress will take note.
# posted by Greg Siskind @ 10:05 AM
XML newsfeed
archives
Vivek Wadhwa has a cool new proposal for a visa targeted toward entrepreneurs with great ideas and start up capital to launch new enterprises. Here's some of what he writes in Businessweek:
Democratic Congressman Jared Polis and arch-conservative Republican Newt Gingrich are two politicians championing the idea. Hopefully, some of the folks drafting the immigration reform bill in Congress will take note.Here's how it would work. Suppose a talented engineer who is not a U.S. citizen has a great idea for a new type of search engine and wants to start a company. This entrepreneur wants to start that company in the U.S., where venture capital markets are the most mature, intellectual property laws are strong, and the talent level is high. It turns out that the would-be founder's search engine idea is actually very good. So a qualified U.S. investor decides to put real money—say, $250,000 to $500,000—into the startup. That investor could nominate the potential founder for a Founders Visa while also making a formal commitment to fund his or her company.
The idea and the founder's résumé would then need to pass muster with a government or industry-appointed board of venture capitalists, financiers, or technology experts. After passing, the founder would be granted a permanent resident visa.
To open up visa slots, Ries, Feld and others propose altering an existing visa known as the EB-5, now for immigrant investors. Created by the Immigration Act of 1990, the EB-5 lets foreign nationals who invest at least $1 million in the U.S., and thereby create 10 jobs, obtain a green card. In areas where unemployment is high, foreign nationals need only invest $500,000 to obtain residency. By adding a Founders Visa provision such as that I have outlined to the EB-5 visa, we could avoid having to create a new class of visas and any political hassles this might entail.
