A new company formed by a group of Tri-State investors could bring
$100 million in foreign investment capital to Cincinnati over the next
five years.
Kentucky
Regional Center LLC, started in March and led by investor Andrew
Moffe, is a government-sanctioned investment zone that gives foreign
investors a faster path to U.S. citizenship in exchange for their help
in financing American business ventures. The regional center is
organized under employment-based visa rules and is commonly known as the
EB-5 immigrant investor program.
The EB-5 program gives investors a green card in exchange for their
capital infusion of up to $1 million in a U.S. company and the creation
of 10 new jobs. The program has generated hundreds of millions in
foreign investments in recent years and the issuance of investor visas
has increased tenfold since 2005.
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