CanAm Enterprises Receives Approval for The New York Metropolitan Regional Center

CanAm Enterprises LLC (CanAm), one of the leading sponsors of EB-5 immigrant investment funds, announced today that it has received approval from the United States Citizenship & Immigration Services (USCIS) to operate The New York Metropolitan Regional Center (NYMRC).

Designated by the USCIS on August 26, 2013, NYMRC is the sixth Regional Center exclusively owned and operated by CanAm. Established as a vehicle to facilitate economic development in economically challenged areas, NYMRC spans New York City and its five boroughs, Long Island, the Hudson Valley, Northern and Central New Jersey, and Pike County in Pennsylvania.

"CanAm Enterprises is very pleased to have received approval to operate The New York Metropolitan Regional Center," said Tom Rosenfeld, President of CanAm Enterprises. “Having raised over $1.3 billion in EB-5 investor funds to date, we look forward to putting our experience and resources to work to facilitate job creation and economic development in the New York metropolitan region."

With over 25 years of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record. Based on a reputation of credibility and trust, CanAm has financed nearly 40 project loans and raised over $1.3 billion in EB-5 investment funds to date. In addition to The New York Metropolitan Regional Center, CanAm exclusively operates five government-affiliated USCIS-designated Regional Centers located in the City of Philadelphia, the Commonwealth of Pennsylvania, the County of Los Angeles, the State of Hawaii the North Country Region of Plattsburgh, NY.

The EB-5 program is a federally-sponsored program overseen by the U.S. Citizenship and Immigration Service (USCIS) that generates investments from qualified foreign investors who commit a minimum of $500,000 to a public or private project. Each investment must create ten jobs for a specified period of time within a targeted employment area and designated industry.

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