“CanAm and DCED, the Commonwealth of Pennsylvania’s economic development agency, were very proud to support retaining and growing an important manufacturing company to the region,” said Tom Rosenfeld, CanAm’s President and CEO.
NEW YORK (PRWEB) November 07, 2018
CanAm Enterprises (“CanAm”) is pleased to announce that its 35th EB-5 partnership has repaid on October 31, 2018. This marks more than 1,800 investor-families fully repaid by CanAm projects, further establishing CanAm as one of the leading sponsors of EB-5 investments.
The $35 million EB-5 loan through CanAm’s Pennsylvania DCED Regional Center helped finance the expansion of a copper tubing manufacturing facility in Reading, Pennsylvania. The manufacturing industry, once the backbone of the American economy, has played an especially important role in Pennsylvania’s history. “CanAm and DCED, the Commonwealth of Pennsylvania’s economic development agency, were very proud to support retaining and growing an important manufacturing company to the region,” said Tom Rosenfeld, CanAm’s President and CEO.
The EB-5 Immigrant Investor Program is administered by the United States Citizenship and Immigration Services (USCIS). The Program provides qualified foreign investors with the opportunity to earn “conditional” or temporary two-year visas in return for investing $500,000 in businesses located in high unemployment areas that create or retain at least ten permanent full-time jobs for U.S. workers.
About CanAm Enterprises
With three decades of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record. Based its work on a reputation of credibility and trust, CanAm has financed more than 55 project loans and raised over $2.7 billion in EB-5 investments. CanAm exclusively operates seven USCIS-designated regional centers that are located in the city of Philadelphia, the commonwealth of Pennsylvania, the county of Los Angeles, the Metropolitan Region of New York, the states of Hawaii, Florida and Texas. For more information, please visit http://www.canamenterprises.com.