CanAm Enterprises (“CanAm”) is thrilled to announce that the primary spherical of Form I-526E petitions for its Rhoads Industries III Project have been authorized this previous week, inside simply 13 months of their submitting. The approvals – eight (8) so far for the Rhoads III venture – are primarily based on investments in a “high unemployment area,” as designated by the EB-5 Reform and Integrity Act of 2022 (the “RIA”). These eight preliminary I-526E approvals come simply days after the primary ten (10) I-526E approvals have been issued for CanAm’s Jefferson Energy II Project in Beaumont, Texas.
The Form I-956F for the Rhoads Industries III Project – which funded capital enhancements at a Rhoads Industries’ headquarters on the Philadelphia Navy Yard for the development of crucial elements for the Department of Defense submarine applications – was authorized August 10th.
CanAm’s General Counsel, Walter S. Gindin, commented, “We are gratified by USCIS’s swift approvals of the Form I-526E for the Rhoads Industries III Project on the heels of the primary Form I-526E approvals of our Jefferson Energy II Project simply earlier this week. As I’ve stated already, these actions actually do affirm USCIS’ dedication to adjudicate post-RIA investor petitions.”
Furthermore, CanAm’s President and CEO, Tom Rosenfeld, congratulated the buyers on reaching this vital milestone. “We know how important those first approvals from USCIS are to our investors. This is more true than ever given the new rules of the RIA. I am so happy that we’ve achieved these important milestones – multiple times in one week. We have always been committed to offering immigrant investor families best-in-class projects that we believe will meet EB-5 Program requirements,” Rosenfeld stated.
Rosenfeld just lately participated within the groundbreaking ceremony by Hilco Redevelopment Partners for The Bellwether District in Philadelphia, the place he was joined by Pennsylvania Governor Josh Shapiro and different federal, state, and metropolis elected officers, in addition to labor union representatives. The Bellwether District will rework a 1,300-acre website in Philadelphia right into a multi-modal logistics facility and life sciences and innovation campus. “In partnership with experienced borrowers deeply rooted in the local community, such as Rhoads Industries and Hilco Redevelopment Partners, we are proud of how CanAm’s projects that exemplify the EB-5 program’s intended purpose of creating jobs, revitalizing properties, and serving communities,” Rosenfeld added.
About the EB-5 Program
The EB-5 Immigrant Investor Program is run by the United States Citizenship and Immigration Services (“USCIS”). The Program supplies certified international buyers with the chance to earn “conditional” or non permanent two-year visas in return for investing $800,000 in companies situated in Targeted Employment Areas that create not less than ten full-time jobs for U.S. employees.
About CanAm Enterprises
CanAm Enterprises, with over three many years of expertise selling immigration-linked investments within the US and Canada, has a demonstrated monitor document of success. With over 65 financed tasks and $3 billion in raised EB-5 investments, CanAm has earned a repute for credibility and belief. To date, CanAm has repaid greater than $2.26 billion in EB-5 capital from over 4,530 households. CanAm manages a number of USCIS-designated regional facilities that stretch throughout a number of states.
For extra info, please go to www.canamenterprises.com.
Disclaimer: Past efficiency just isn’t indicative of future outcomes. No provide to promote any safety is made by this press launch. Offerings will likely be made pursuant to exemptions from registration necessities set out in relevant securities legal guidelines. Prospective buyers ought to pay attention to the danger elements described therein. EB-5-related selections ought to be guided by the recommendation of and session with skilled immigration attorneys, tax, and monetary advisors. Investments made by means of the U.S. EB-5 program should be “at risk” in the identical approach that investments in shares or fairness funds carry an inherent danger. There is not any assured monetary return.
