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EB-5 Regional Center Program Helps Economic Growth In Murrieta

September 27, 2012 @ 4:03 pm
Posted by Exclusive Visas

The city of Murrieta in Southern California along with other cities across  the country are becoming proactive in supporting the EB-5 regional center  program to attract medical device companies, technology parks, shopping mall and  higher education facilities.  (Read more here)

Murrieta, CA (PRWEB) September 24, 2012

Economic Development Director Bruce Coleman recently sat down with Aimee Rios of EB-5 Investment Report magazine and talked  about the importance of reinstating the EB-5 Regional program. Coleman stated, “As a city we needed to go out and help our commercial developers find another  source of money so that they could keep growing their businesses and with that,  grow our community’s economic base…We believe that foreign direct investment has  been critical for the growth of cities in the United States from its  beginning.”

Murrieta is home to Continental East Development, a division of USA Continental Regional Center, whose recent projects  include the Antelope Square shopping center and Continental Medical Plaza in  Murrieta.

Murrieta, like cities across the country welcomes relationships with various  types of regional centers and recently, at the invitation of the U.S. Employment  Development Lending Center, a regional center in Long Beach, California. Coleman  traveled on an investment mission to China, doing a press conference and making  presentations to potential investors. He said, “It was a great opportunity to  get the word out that the city of Murrieta welcomes Chinese and other  investments in our community.”

Coleman went on to say the cities are recognizing the importance of foreign  direct investment to grow their local business sectors by acting as a bridge  between regional centers and developers and/or investors. Once the connections  between the parties are made, the cities step back and let them negotiate.

Coleman stated they have already brought millions of dollars in new  investment into the community and it’s important for Congress to grant permanence to the regional  center pilot program so investors can feel confident in making long-lasting  decisions that can continue to create jobs.

Read more at http://www.virtual-strategy.com/2012/09/24/eb-5-regional-center-program-help-economic-growth-murrieta#i3de4k76P5hToOta.99

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