EB-5 Program extended three years under new Homeland Security Appropriations Bill Committees on Appropriations, October 7, 2009
The Homeland Security Appropriations Bill is focused on securing our nation’s borders and preparing for any potential disaster. The conference agreement totals $42.776 billion of discretionary budget authority for fiscal year 2010. Included in this bill is a three year extension for the investor (EB-5) program.
Immigrants invest in U.S. businesses in exchange for visas
The Washington Post, January 10, 2010
The number of foreigners willing to invest $500,000 to $1 million in a U.S. business in exchange for a visa roughly tripled in the past fiscal year, as dozens of cash-strapped enterprises and local governments scrambled to attract wealthy foreign backers through a previously obscure provision of immigration law.
See article in the Washington Post
Fund seeks foreign investors, offers green cards
San Francisco Business Times, October 30, 2009
Longtime Oakland developer Jim Falaschi recently started a venture to spur job-generating projects by raising funds from foreign investors who, in exchange for their investments, can qualify for permanent residency. In the process, he hopes to generate funding for moribund Bay Area development projects.
See article in San Francisco Business Times
Grant helps Oakland catch ride to Jack London Square
San Francisco Business Times, October 9, 2009
The City of Oakland has secured $1 million in funding to jumpstart a shuttle service between Uptown and Jack London Square — two vital and emerging neighborhoods where new restaurants, galleries and offices are opening.
See article in San Francisco Business Times
“City of Oakland marketing 10 properties”
San Francisco Business Times, October 9, 2009
Oakland is offering 10 city-owned sites, most purchased in the last year, for retail development. The city issued a “notice of development opportunity” on Sept. 4 for the 10 sites, and proposals from developers are due Dec. 1. “We have assembled the properties and we are intending to market them for fair market purchase,” said Gregory Hunter, Oakland’s redevelopment director.
“Invest $500,000, score a U.S. visa”
CNN Money, July 28, 2009
Hunting for capital in this frozen economy? Some legislators think an immigration program could help. A bipartisan group of senators is pushing to save the EB-5 visa program....
“Development projects bode well for San Francisco”
San Francisco Business Times, July 16, 2009
Although still mired in recession, San Francisco has several large development projects that will generate jobs and help position the city for the future,....
See article in San Francisco Business Times
Building Jack London Square
San Francisco Business Times, April 20, 2009
Despite the low economic tide, the developers behind the waterfront transformation of Jack London Square in Oakland plan to bring online a $110 million wave of new construction, including 100,000 square feet of office space, a multi-level public market and a parking garage with ground-floor retail.
