US has an investor category EB 5 under which if one invests $500,000/- in a less developed area , one can get a conditional GC for 2 years after which the conditions can be removed if the necessary employment generation has been met from this investment.
Either you invest the money yourself by setting up and managing a business (generating 10 employees over 2 years) OR there are Regional Centers who act as a consortium for investors , take 30 - 40 investors of such type and execute a Project generating the employment , the advantage to them being that the temporary employment created such as workers , laborers etc is also given the benefit of employment increase which is not possible in the first case where the employment must be permanent .
If they succeed , all 30-40 people get their condition removed , if they fail all 30-40 people lose their bid for GC.
Plus there s also the risk of investment at stake by the Regional Center as their efficient management can generate a profit or a loss.
Such RC s are present in lot numbers but their ability and track record is not known..... Does anyone know by experience / knowledge / awareness a couple of such Regional Centers who have had a good history ?
Or is their any way of finding such information ?
-----------------------------------------------------------------
Fido.
Location: Western Hemisphere
Posted on: 02-11-14 09:50:44
Try posting on trackitt.com. Or, visit that site to see if there is more information.
-----------------------------------------------------------------
Dimple2001
Thanks Dimple2001. Will do that.
On another note if a person wishes to start/invest in a business directly with the aim of job creation and less set up costs ( in a high unemployment area) , what kind of businesses are at a greater chance of successfully creating more jobs .. again with a less capital investment .
A few like :
a. Cleaning Services ... offices and houses .
b. Auto Detailing ( not car wash)
c. Hair Salon
Any other ... CD s please free to share what comes to your mind with the following 3 criterions.
a. High unemployment area ( there must be a reason why that area is not economically ahead)
b. High (minimum wage) permanent job creation.
c. Low capital set up costs.
-----------------------------------------------------------------
Fido.
