The Association to Invest in the USA (IIUSA) and Council of Development Finance Agencies (CDFA) hosted the 2012 CDFA National Development Finance Summit on Wednesday, August 1, 2012 in Washington DC. The successful event included IIUSA Executive Director Peter D. Joseph as the moderator and saw many state and local economic development finance officials. By the end of the event, most attendees left the event with knowledge and aptitude for considering EB-5 capital as a tool for economic development within their communities.
Featured speakers during the event included IIUSA VP Robert Divine, IIUSA Member and Burr Forman LLP Partner Jennifer Moseley, and IIUSA Member and EB5 Capital President Angelique Brunner. Discussions covered accessing EB5 funds, funding requirements and the benefits of using international investments for community development projects. Case studies and real project examples were explored as well.
In addition to the three-hour workshop and discussion, the CDFA and IIUSA signed a memorandum of understanding that formalized a strategic partnership between the two organizations. IIUSA now partners with CDFA in EB5 education and advocacy, with CDFA serving as the prime finance education provider to IIUSA members, and the IIUSA now serving as CDFA’s top EB5 advisor. This partnership extends opportunities for both organizations and likewise increases the visibility of the EB5 program as a whole.
As the extension of the EB5 investment program awaits anticipated approval from the House, the need for such alliances proves important. The EB5 investment program is gaining momentum as a reputable and dependable means of community development. EB5 investments are rising across the country, and include multi-use facilities, science and research centers, apartments and condominiums, and even football stadiums, to name a few. The partnership between IIUSA and CDFA is sure to play a dynamic supporting role in continuing the successful community development projects in the years ahead.
*This story is brought to you by Florida Regional Center.
Florida Regional Center was established as an agent of the 1990 Congress-approved EB-5 Regional Center Program. Based in Palm Beach Gardens and representing development projects in the South Florida area, Florida Regional center works with foreign investors to obtain EB-5 Visas and permanent residency in exchange for community-developing and job-creating investments. Other projects Florida Regional Center is using EB-5 Visa funding for include the Water Pointe Project, ESI Jupiter Technology Park Project and the Tequesta Village Center project.
For more information on EB-5 Visas and the EB-5 Visa Program, to learn about Florida Regional Center or to speak with a representative from Florida Regional Center, visit visaeb-5.com.