Tri Cities Investment District

The Tri-Cities Investment District, LLC (the company) is finalizing its approvals with the United States Citizenship and Immigration Service (USCIS) for the creation of an “EB-5 Regional Center” covering both the states of Oregon and Washington, with a TEA in the Tri-Cities area of Washington (Pasco, Richland and Kennewick).

An approved EB-5 Regional District allows our company to transfer foreign capital into the U.S. to be used for the development of different types of companies, while creating much needed jobs in the U.S. Our company’s goal is to work with and identify companies seeking capital and develop a mutually beneficial arrangement using our funding.

A brief overview of the EB-5 program

In 1990, Congress created the fifth employment-based preference (EB-5) immigrant visa category for foreigners, with a high net worth, seeking to invest in a business that would benefit the U.S. economy by creating or saving at least 10 full-time jobs for U.S. workers. The basic amount required to invest is $1 million, although that amount has been reduced to $500,000 if the investment is made in a rural or high unemployment area.

To encourage foreign investment in the U.S. economy through the EB-5 category, Congress permitted the U.S. immigration agency to designate qualified applicants as Regional Centers, which is precisely what our Tri-Cities Investment District, LLC is doing. A Regional Center is a private enterprise, a corporation, or a regional governmental agency with a targeted investment program within a defined geographic region. The U.S.’s Regional Center program in many ways mirrors long active and successful investment-employment based programs in the United Kingdom, Canada, Australia, and other foreign nations.

This program creates a win-win situation for both the local U.S. Company and the high net worth foreign individual. The U.S. gets foreign investment directed towards creating jobs and the high net worth foreign individual gets a “green card” or EB-5 visa allowing them to enter the U.S., send their children to school here, and for many it serves as a “back up” plan in case economic/political circumstances change in their respective countries.

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