Dec 2 2009
Idaho Company Receives Approval from USCIS to become EB-5 Regional Center for Foreign Investment
An Idaho-based company has just been approved by USCIS to be a new regional center for foreign investment. Invest Idaho LLC is one of 70 centers throughout the U.S. that is authorized by the federal government to provide funds from qualified foreign investors, in the U.S. under the EB-5 immigrant investor program, to local companies and organizations.
Invest Idaho’s goal is to generate up to $50 million in funds from foreign investors in its initial stage. These funds will then be used to subsidize various projects located in the state of Idaho.
The EB-5 program, which was just extended by recent legislation, provides permanent residency status to foreign nationals who invest either $500,000 or $1 million in the U.S. and, through their investment, create a minimum of 10 jobs within a two-year period.