CanAm Enterprises is proud to announce that its 35th EB-5 partnership has repaid on October 31, 2018. The $35 million EB-5 loan through CanAm’s Pennsylvania DCED Regional Center helped finance the expansion of a copper tubing manufacturing facility in Reading, Pennsylvania.
CanAm Enterprises (“CanAm”) is pleased to announce that its 35th EB-5 partnership has repaid on October 31, 2018. This marks more than 1,800 investor-families fully repaid by CanAm projects, further establishing CanAm as one of the leading sponsors of EB-5 investments.
The $35 million EB-5 loan through CanAm’s Pennsylvania DCED Regional Center helped finance the expansion of a copper tubing manufacturing facility in Reading, Pennsylvania. 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,” said Tom Rosenfeld, CanAm’s President and CEO.
The EB-5 Immigrant Investor Program is administered by the United States Citizenship and Immigration Services (USCIS). The Program provides qualified foreign investors with the opportunity to 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 U.S. workers.
CanAm Enterprises, with over three decades of experience promoting immigration-linked investments in the US and Canada, has a demonstrated track record of success. With over 60 financed projects and $3 billion in raised EB-5 investments, CanAm has earned a reputation for credibility and trust. To date, CanAm has repaid more than $2.26 billion in EB-5 capital from over 4,530 families. CanAm manages several USCIS-designated regional centers that stretch across multiple states. For more information, please visit www.canamenterprises.com.