We wrapped up with not only full refund, but also full satisfaction, and much more...We feel so lucky for having chosen CanAm!
Los Angeles, California (PRWEB) December 03, 2014
CanAm Enterprises, LLC (CanAm) is pleased to announce that its Los Angeles County Regional Center’s first project, a $47.5 million loan to a major film studio was repaid in full and on time. This brings the total amount of EB-5 funds repaid by CanAm's projects to more than $455.5 million. The total number of investor families who have received their full $500,000 capital repayment is more than 900.
The $47.5 million loan was used to fund film and television productions in targeted employment area located in the Los Angeles County. A significant amount of these California-based productions are relocating to Canada and other U.S. locations that provide finance incentives including film tax credits. Operating as a financing incentive to keep these “runaway productions” in Los Angeles County, the EB-5 loan helped create and preserve important film production jobs in the region.
All 95 investor families have received permanent residency status as a result of the project’s job creation.
Originally formed to target investment projects in the motion picture and television industry, the Los Angeles Film Regional Center was approved by the USCIS in 2008. In an effort to broaden the scope of eligible projects for the EB-5 program in the Los Angeles area, an amendment was approved by the USCIS in 2009 to expand the target industries to include transportation, agriculture, alternative energy, and technology, in addition to film. To maximize its efforts in the region, CanAm entered into an exclusive partnership with the Los Angeles Economic Development Corporation (LAEDC) to identify financially sound investment opportunities in Los Angeles County. “We feel privileged to have the opportunity to partner with LAEDC,” said Tom Rosenfeld, President and CEO of CanAm. “Through this strategic alliance, we hope to facilitate economic development and create needed jobs in the Los Angeles County region.”
About CanAm Enterprises, LLC
With over 27 years of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record. Based on a reputation of credibility and trust, CanAm has financed more than 45 project loans and raised $1.6 billion in EB-5 investment funds. To date, CanAm has had more than 2,600 I-526 petitions approved; 1,300 I-829 petitions approved; and repaid principal to more than 900 investors. CanAm exclusively operates six USCIS-designated Regional Centers that are located in the City of Philadelphia, the Commonwealth of Pennsylvania, the County of Los Angeles, the State of Hawaii, the metropolitan region of New York, and the North Country Region of Plattsburgh, NY.
For more information, please visit http://www.canamenterprises.com
About the EB-5 Program
The EB-5 Immigrant Investor Program (EB-5), administered by the United States Citizenship and Immigration Services (USCIS), provides opportunities for qualified foreign nationals to achieve permanent legal residency in the U.S. through an investment in an USCIS-approved project that will generate at least ten full-time jobs in the United States.