TREN EVENT: Providing Foreign Investment for Growth
Tuesday, July 19, 2011
7:15 AM to 8:30 AM
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Location: Richland Public Library
The Three Rivers Entrepreneur Network presents its July seminar: Providing Foreign Investment for Growth. In 1990, Congress created the fifth employment-based preference (EB-5) immigrant visa category for foreigners who have a high net worth, and seek to invest in a business. In doing so, they benefit the U.S. economy by creating or preserving at least 10 full-time jobs for U.S. workers. The basic amount required to invest is $1 million, although that amount has been reduced to $500,000 if the investment is made in a rural or high unemployment area.
To encourage foreign investment in the U.S. economy through the EB-5 category, Congress permitted the U.S. immigration agency to designate qualified applicants as Regional Centers. A Regional Center is a private enterprise-a corporation or a regional governmental agency-with a targeted investment program within a defined geographic region, and the Tri-Cities Investment District, LLC (TCID) is finalizing its approvals with the U. S. Citizenship and Immigration Service for the creation of an EB-5 Regional Center in the Tri-Cities.
An approved EB-5 Regional District allows foreign capital to be transferred into the U.S. to be used for the development of different types of companies, while creating much needed jobs in the U.S. The goal is to work with and identify companies seeking capital and to develop a mutually beneficial arrangement with them using TCID funding.
What you'll learn:
- What is the EB-5 program?
- How the program works
- How the program might benefit the Tri-Cities
- How your company might benefit from EB-5
Who should attend?
- Business owners
- CFOs and / or Controllers
- Economic development specialists
- People who know wealthy foreigh nationals that might wish to participate in the program
There is no charge to attend. Please pre-register. Space is limited, so register early. A continental breakfast will be provided.
To register, please visit the registration website here or call Teresa Claar at (509) 375-2068 with the following information for each attendee: name, company/organization affiliation, phone number, and e-mail.
Note: Due to room capacity limitation, preference is given to technology-based businesses and economic development professionals.
For More Information:
Stew Stone is chief executive officer and chairman of the board of the EB-5 Regional Center, Tri-Cities. He is a professional real estate developer active in marketing, sales, leasing, finance, investment management, and development. Prior to founding the Tri-Cities Investment District, Mr. Stone engaged in real estate development for more than 35 years, and has been responsible for development, construction, and management of projects in excess of $500 million dollars, including projects in the Tri-Cities. Mr. Stone specializes in working with regional, national and Fortune 500 companies to meet their development and expansion needs.