One of Victorville’s EB-5 projects starts running
The wastewater treatment plant in Victorville, California, recently went online, providing service to the nearby Dr. Pepper Snapple Group plant.
The water treatment plant was one of the projects that the U.S. Citizenship and Immigration Service (USCIS) cited in its rare “intent to terminate” letter that it sent to the local EB-5 regional center. The letter said that a number of the projects that the Victorville Regional Center had said it would complete had stalled, according to the Victorville Daily Press.
The city had a contractual obligation to the beverage company to have the plant running by June 17, however the company doesn’t appear to be pursuing any legal recourse against Victorville.
The EB-5 visa program gives foreign nationals a chance to earn U.S. green cards by investing $1 million in American businesses. If that investment leads to the creation or preservation of 10 jobs then the investor becomes green card eligible.
The Victorville Regional Center is currently waiting for a response to their reply to the USCIS’s “intent to terminate” notice. In the interimm, they have attracted a number of new EB-5 investors.