Nevada is the focus of EB-5 regional center
Many foreign nationals hoping to get a U.S. green card are always on the lookout for an EB-5 investment opportunity, and an EB-5 regional center in Nevada is hoping to provide them with some inside one of America’s most unique states.
The Nevada Regional Economic Development Center (NREDC) is one of two EB-5 regional centers that operates inside of Nevada, according to the U.S. Citizenship and Immigration Services. The regional center’s website says that it focuses on office buildings, restaurants and hotels with investment stability and job creation in mind.
These two things are important for those who participate in the EB-5 visa program. Foreign nationals can become eligible for their U.S. green card if they invest $1 million in an American business and that investment leads to the creation or preservation of at least 10 jobs.
Shortly after the EB-5 visa program started, the regional center program was created to aid foreign nationals better direct and manage their investment, helping them to meet the requirements of the EB-5. Some regional centers, like the NREDC, operate in what are termed Targeted Employment Areas (TEAs). TEAs are distinguished from other areas because their rate of unemployment is higher than the national average. As an incentive for people to invest in these areas, only a $500,000 investment is required.
Its focus on Nevada and its successful tourism industry may give the NREDC a good chance to help investors meet the requirements of the EB-5 visa program.