New York, NY – CanAm Enterprises (“CanAm”) today notified immigrant investors that the U.S. Citizenship and Immigration Services (“USCIS”) has approved the first I-526 Petition filed in connection with the Jefferson Terminal Energy Project I.
“The EB-5 program is a methodical pathway to U.S. residency, and CanAm takes pride in supporting our clients and providing them updates, each step of the way,” said CanAm President and CEO Tom Rosenfeld. “Most importantly, CanAm makes this route to immigration possible by presenting investors with high quality projects – like the Jefferson Energy Terminal Project I — that deliver the results our clients expect and deserve from this program. That’s been our approach for 35 years, and we believe our track record of success is unrivaled by anyone in the EB-5 business,” Rosenfeld said.
The USCIS issued an I-924 Exemplar approval for the Jefferson Energy Terminal Project I on May 24, 2021, reflecting USCIS’s determination that the capital investment satisfies EB-5 Program requirements. Jefferson Terminal is owned and operated by Jefferson Energy Companies (“Jefferson”), a midstream oil company that serves the Gulf Coast. Jefferson is majority-owned by Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), which is externally managed by an affiliate of Fortress Investment Group (NYSE: FIG), the global investment manager with approximately $54.2 billion under management.
Fortress and its affiliates and CanAm have together raised a total of $543.8 million through four EB-5 Program projects. The two organizations continue to collaborate on projects and expect to present investors with new EB-5 opportunities shortly.
About the EB-5 Program
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 $800,000 in businesses located in Targeted Employment Areas that create at least ten 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.