Connecticut recently introduced its first regional center, the New England Federal Regional Center, creating huge opportunity for economic growth and development in the Hartford area through the EB-5 visa program. Although a late start, the regional center will provide opportunities for job creation and the creation of new businesses.
The EB-5 program provides a valuable source of low interest funding for both current and future business owners. The program is administered by United States Citizenship and Immigration Services (USCIS) and was created by Congress in 1990 to stimulate the U.S. economy through job creation and to encourage foreign investment into the United States by offering green cards to qualified foreign investors and their families. The EB-5 program requires a foreign investment of $1,000,000, or $500,000 into a U.S. business. (more…)
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