EB-5 Investor Visa
The EB-5 investor visa program is a tool that allows foreign investors who invest $1 million in an American business that creates 10 jobs to receive permanent legal residency for themselves and their immediate family. Pre-approved regional centers, such as the State of Michigan’s EB-5 Regional Center can help pool EB-5 investments, lower the investment threshold to $500,000 per investor, and identify key investment opportunities and industry sectors for growth.
If the investment occurs within the City of Detroit proper, the necessary capital outlay is only $500,000, since Detroit qualifies as a Targeted Employment Area (TEA), an area where there has been unemployment of at least 150% of the national average rate (as designated by Office of Management and Budget). This opportunity positions Detroit well for investors who are interested in growing a business in the context of a global manufacturing and technology center, but don’t necessarily have access to the capital traditionally association with EB-5 investments.