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Idaho governor returns from EB-5 trip to China
The governor of Idaho recently returned from a trip to China, partly to find investors for the EB-5 visa program, and is pleased with the results his excursion has reaped.
Governor Butch Otter, along with representatives of 18 Idaho businesses, secured at least $10 million in foreign investments from their trip, according to the Idaho Reporter. Part of that money will go to strengthening the agriculture and the healthcare products industry.
The governor appeared to be pleased with the results of the trip.
“It set the stage for future business deals and ongoing relationships between Idaho businesses and the world’s largest and fastest-growing market,” Otter told the news source. Currently, China is the fourth-largest foreign buyer of products from Idaho.
The EB-5 visa program was established in 1990 and gives foreign nationals a chance to earn U.S. green cards if they invest $1 million in an American business and that investment leads to the creation or preservation of 10 new jobs.
According to a guest opinion submitted by Otter to the news provider, the $10 million in investments that has been secured will be handled by the Idaho State Regional Center, a recognized EB-5 regional center.