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54 Acre Property Purchased by Shanghai-based Development Group
Racine County Economic Development Corporation (RCEDC) recently assisted, Shanghai-based Development Group, SINB in purchasing 54 acres of land just outside Racine, Wisconsin. The property will serve as their first development project in North America.
SE Wisconsin is a great place for foreign investment. "We are seeing a growing interest by Chinese investors in the marketplace that we hope will lead to alliances that will create new jobs in Racine County," said Jenny Trick, deputy director of the RCEDC.
According to the Biz Times article, the company has not announced specific plans for the property in Mt. Pleasant. However the company's president and chairman, has announced plans to establish a personal residence in Racine County.
Click here to read more
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China Town Milwaukee
A development group has purchased an existing complex as a prospective site for Milwaukee's new china town. We are excited to welcome the hundreds of Chinese projected to join our community.
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RCIFPP's EB5 Project Featured: Aloft Hotel
Fortune Small Business Magazine & CNN.com
Milwaukee's Aloft Hotel has found itself in a whirlwind of positive national press for its anticipated use of RCI FirstPathway EB5 capitol. This Week CNN.com featured Milwaukee's Aloft Hotel in a story entitled Invest $500,000, score a U.S. visa. According to the article, last year alone "EB5 immigrants invested more than 400 million in US ventures."
The July-August edition of Fortune Small Business Magazine, which also highlights the Aloft, called the EB-5 visa program a win-win for foreign investors and developers alike.
Many think the recent EB5 publicity is due impart to the Senate's bipartisan effort to make this program permanent.
The Aloft Hotel which anticipates creating over 400 jobs for RCI FirstPathway EB5 investors is slated to open in December of this year. Also featured in both articles was Milwaukee's very own Tim Sheehy, President of the MMAC.
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Positive Outlook for EB5
In an online article for Inc Magazine Stephen Yale-Loehr, EB5 Expert and Cornell University immigration law professor talked about his experiences with congress in late July.
On Wednesday, July 22, 2009 the Senate Judiciary Committee held a hearing entitled "Promoting Job Creation and Foreign Investment in the United States: An Assessment of the EB-5 Regional Center Program." Yale-Loehr was chosen to testify.
The overall tone of the hearing was very positive. Yale-Loher went so far as to describe the hearing as a bipartisan "lovefest." This is great news for the EB5 program. Click Here to Read More |
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Y.E. Yang Wins 2009 PGA Championship
This Sunday at Hazeltine, Yang, a 37-year-old South Korean became the first Asian-born man to win a major, beating Woods in the last round.
Peter Dawson, chief executive of the hallowed Royal & Ancient Golf Club in Scotland was quoted as saying "This is long overdue."
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RCI FirstPathway Offices 
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