If you are interested in obtaining an immigration investor visa, also known as an eb5 visa, you are in luck. Instead of investing the typical $1 million, there are many areas of the United States that only ask for $500,000. They are called target employment areas because they have high unemployment rates and often have regional centers that can help you get an eb5 visa by allowing you to invest in an ongoing project. One company in particular oversees regional centers in several cities.
CanAm Enterprises has regional centers in major areas such as Los Angeles, Hawaii, and Philadelphia. If the latter interests you, the Philadelphia Industrial Development Corporation, or PDIC, might be the perfect place for your investment. It is a non-profit center dedicated to growing the local economy while ensuring that investors like you get an eb5 visa as soon as possible. This regional center has existed since 2003.
Like other centers like it, PDIC pools money from investors to create a large project capable of having a real impact on the surrounding community. Such a project can also help ensure that your immigration investor visa actually has a chance of making a profit for you. Projects this center is involved in include professional firms, restaurants, universities, hospitals, manufacturers, real estate developers, and more. Projects involving these types of companies can have a direct impact on the local economy. Additionally, instead of relying on indirect job creation as many regional centers do, PDIC offers multiple full-time job creation. Of course, other jobs are also developed indirectly from the center’s projects, in addition to full-time positions.
One advantage of regional centers as a whole is that you can live where you want while the program continues. This also applies to the PDIC, so if you select this center to use your immigration investor visa but prefer not to live in Pennsylvania, you do not have to. Conversely, if you want to see the effects of this regional center on the local community up close, you can choose to live in the area. Either way, this hub will keep all investors updated on the project until completion, whether you choose to participate in day-to-day operations or not.
Although the scope of CIDP projects is broad, there are some specific target industries. They are developed based on the likelihood of long-term success in the area, as well as current businesses that need help. They include trade, tourism, transportation, higher education, and technology, to name the majority. In addition, the PDIC is upgrading a former US Naval base called The Navy Yard into a business park that can be used by countless companies serving the area. Clearly, such projects are likely to have a major impact on Philadelphia’s economy.
If you would like to participate in projects that improve the Philadelphia area while using an immigration investor visa to remain in the United States, contact PDIC. This center can make a difference for both the area and you. You should also contact an attorney who is well-versed in immigration law.