Reply to thread

Message

<blockquote data-quote="Babagounj" data-source="post: 762754" data-attributes="member: 12952">Orem is landing a center for foreigners’ investmentsOREM — Utah’s recession-hobbled economy may soon get&nbsp; millions of dollars for job creation from an unlikely source: wealthy&nbsp; foreigners who seek U.S. citizenship in exchange for a $500,000&nbsp; investment.Federal officials earlier this month approved the first Utah&nbsp; enterprise, the Orem-based Mountain States Center for Foreign&nbsp; Investment, authorized to act as a regional center to receive such&nbsp; investments through the “EB-5 visa” program.In that program, foreigners who invest $1&nbsp; million and create at least 10 full-time jobs are awarded permanent&nbsp; legal status “green cards” (along with members of their immediate&nbsp; families). But such people need to invest only half as much — $500,000 —&nbsp; if they put their money into projects run by “regional centers”&nbsp; approved by the U.S. Citizenship and Immigration Services.</blockquote>

[QUOTE="Babagounj, post: 762754, member: 12952"] [B]Orem is landing a center for foreigners’ investments OREM — [/B]Utah’s recession-hobbled economy may soon get millions of dollars for job creation from an unlikely source: wealthy foreigners who seek U.S. citizenship in exchange for a $500,000 investment. Federal officials earlier this month approved the first Utah enterprise, the Orem-based Mountain States Center for Foreign Investment, authorized to act as a regional center to receive such investments through the “EB-5 visa” program. In that program, [COLOR=maroon][B]foreigners who invest $1 million and create at least 10 full-time jobs are awarded permanent legal status “green cards” (along with members of their immediate families). But such people need to invest only half as much — $500,000 — if they put their money into projects run by “regional centers” approved by the U.S. Citizenship and Immigration Services.[/B][/COLOR] [/QUOTE]

Verification