First Investor Approved by USCIS on February 16, 2010
Click here to see a copy of the Approval
EB-5 Introduction
In 1990, the U.S. government created the EB-5 immigrant investor visa category (Green Card) as part of the Immigration Act. This new category was created in the hopes of attracting foreign immigrant investment to the U.S. and in the process, creating new jobs for American workers.
VICTORVILLE CITY COUNCIL APPROVES INVESTOR VISA PROGRAM TO SPUR JOB GROWTH AND INVESTMENT
Victorville, Calif. July 22, 2009. In a move to bolster job growth and investment, the Victorville City Council has approved an investor visa program that will make 3,000 EB-5 visas available to qualified foreign investors. Funds from the investments will initially be used for a series of projects at Southern California Logistics Airport (SCLA). "Job growth is the driving force behind this program," said Keith Metzler, City of Victorville, director of economic development. "In addition to strengthening Victorville's economic and physical infrastructure, the projects funded by these investments will bring a healthy number of new jobs to the City." The program, which will report directly to U.S. Citizenship and Immigration Services (USCIS), will create private and limited partnerships to complete a series of projects at SCLA, including a wastewater treatment facility, electrical generation, intermodal rail improvements and various infrastructure improvements. The program was approved by the City Council last night and is expected to generate $25 million within the first year, with minimum investments of $500,000 per partnership.
Number One!
The Quan family from the Hunan Province of China committed Friday to investing $500,000 into the City of Victorville in exchange for American visas under the federal EB-5 program. They are the first of what is to be 50 foreign families who will help fund the Citys planned wastewater treatment plant needed to process discharge from Dr. Pepper Snapple Groups bottling facility coming to Southern California Logistics Airport. (Credit: Victorville Daily Press)