EB-5 program can create jobs, finance development and market state globally, says Bluegrass International Fund CEO Lynn Allen
Mark Green: Bluegrass International Fund, founded in late 2013, invests in economic development projects on behalf of overseas investors who seek permanent green-card status under the Department of Homeland Security’s EB-5 Regional Center Program. Investors must put a minimum $1 million into a project creating at least 10 jobs, or $500,000 if the project is in a rural area or an area where the unemployment rate is designated at least 150 percent of the U.S. average. What portion of BiF’s participants are EB-5 investors?
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