Another CanAm Project Receives Approval from USCIS CanAm Enterprises (CanAm) is pleased to announce that its 48th EB-5 project – LA BioMed –received I-924 exemplar approval from USCIS on November 15th, 2016.
CanAm’s EB-5 loan will finance a new state-of-the-art research and development facility on the Harbor-UCLA Medical Center campus in southern Los Angeles. Founded in 1952, the Los Angeles Biomedical Research Institute (LA BioMed) is one of the country’s leading nonprofit biomedical research institutions. Over the years, LA BioMed has operated out of several facilities across the Harbor-UCLA Medical Center campus, some dating as far back as 1943. In order to expand and update its facilities and operations, LA Biomed will move all of its research and support functions into a single modern space located on an integrated, interactive and attractive 11.4-acre site within the Harbor-UCLA Medical Center campus.
The proceeds of the $14.5 million foreign investment that CanAm raised will help construct a new state-of-the-art four-story, 85,000 square-foot research facility, which will allow LA BioMed to promote cutting edge research and collaboration, provide advanced equipment and core facilities, attract promising new and experienced scientists, and build upon its long-standing relationship with Harbor-UCLA Medical Center.
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