<
001+954-727-9800
Header


California town to vote on joining enterprise zone

August 10, 2010 @ 11:57 pm
Posted by Exclusive Visas

California town to vote on joining enterprise zoneA town in California is currently deciding whether or not to join a number of surrounding municipalities in the creation of an enterprise zone, which would involve the EB-5 visa program.

The town council of Apple Valley, California, will soon vote on a measure that would team the town up with Adelanto, Victorville and San Bernadino County to create a Victor Valley Enterprise Zone, according to the Victorville Daily Press.

This proposed enterprise zone might also apply to become an EB-5 regional center, according to the news source.

Created in 1990, the EB-5 visa program gives foreign nationals a chance to earn U.S. green cards. If a foreigner invests $1 million in an American business and that investment creates or preserves 10 jobs, then the investor becomes eligible for his or her green card.

Shortly after the EB-5 visa program was established, EB-5 regional centers were created to help direct and manage EB-5 investments. Some of these centers, like the proposed one in Victor Valley, are termed Targeted Employment Areas (TEAs), which are distinguished by their high unemployment rates. Only $500,000 need be invested in such a territory.

Victorville’s EB-5 regional center has caught the attention of federal authorities who are currently considering the termination of the center.


Leave a Reply

EB-5 Investor Visas - Permanent U.S. Residency with the EB-5 Program

EB-5 consultants from Exclusive Visas assist foreign investors looking for EB-5 visa options to obtain U.S. residency. Each EB-5 consultant is experienced in EB-5 investor visa procedures.

2149 N Commerce Parkway Weston, FL
Phone: (954) 727-9800