Tuesday, November 20, 2018

CanAm Enterprises $35M EB-5 Partnership Loan Funds Copper Tubing Plant in Reading, PA

by Steve Lubetkin, Globest.com
A copper tubing manufacturing facility expanded recently with a $35 million loan funded by a CanAm Enterprises EB-5 partnership loan.

CanAm is one of the leading sponsors of EB-5 investments, which are funded by qualified foreign investors who 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 US workers.

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,” says Tom Rosenfeld, CanAm’s president and CEO.

The EB-5 Immigrant Investor Program is administered by the United States Citizenship and Immigration Services. With three decades of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record.

CanAm has financed more than 55 project loans and raised more than $2.7 billion in EB-5 investments. The firm exclusively operates seven USCIS-designated regional centers 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.

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