Wednesday, May 8, 2013
Orlando EB5 Investments earns approval from U.S. Citizenship and Immigration Services for Orlando Regional Center
MAITLAND, Fla. --- Orlando EB5 Investments has won approval from the U.S. Citizenship and Immigration Services to establish the Orlando Regional Center to funnel foreign investments of up to $100 million or more to Central Florida health care, solar energy and utilities projects in Orange, Volusia, Polk, Lake, Hillsborough, Seminole, Osceola and Brevard Counties.
George Livingston, a principal of Orlando EB5 Investments, and chairman of NAI Realvest in Maitland, said the Orlando Regional Center is currently reviewing 10 projects for funding by foreign investors who will invest from $500,000 to $1 million each.
U.S. immigration policy encourages foreign investments in U.S. projects that will create new jobs and improve local economies, Livingston said. The EB-5 immigration policy grants permanent resident status to qualified foreigners who invest $500,000 to $1 million in approved projects that will create jobs for American workers, Livingston said.
Livingston said the Orlando EB5 Investments regional center has formed through a joint venture with American Dream Fund (ADF), which organized regional centers in major cities like Los Angeles, Las Vegas and Portland. ADF will market Orlando EB-5 projects in China, Livingston said.
Hong Kong based GGI Asia will also market Orlando Regional Center projects, Livingston said. “We are recruiting representatives who can recruit additional investors in India, Africa, Latin America, and the Middle East,” Livingston explained.
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