This weekend, the US EB-5 Crocker Park Expansion Project (also known as the new headquarters for American Greetings) will launch in Beijing, Shanghai, and Shenzhen. As the exclusive chief agent for this project in China, Worldway will host a grand release event. We are honored to invite Mr. Brent Leslie, Chief Financial Officer of the Cleveland-Cuyahoga County Port Authority; Mr. Stephen Strnisha, CEO of the Cleveland International Fund (Regional Center); Ms. Kristen Laughlin, Chief Marketing Officer; and Ms. Yao Li, Asia Operations Manager, to attend in person and provide guests with a detailed explanation of the project and the current trends in the US EB-5 program.
2014 US EB-5 Quotas Expected to Reach Capacity; High-Quality Projects in High Demand
The number of EB-5 investment immigration visas is growing rapidly each year. The US government has already announced that the 10,000 EB-5 quota for the 2014 fiscal year will be exhausted, meaning the EB-5 program will enter a period of visa retrogression. A large number of Chinese applicants will be forced into a longer waiting period. Furthermore, a proposal to increase the investment amount to $800,000 has been submitted to the House of Representatives for discussion. Meanwhile, following Canada's decision to terminate its federal immigrant investor program at the beginning of the year, many of those applicants are likely to turn to the United States as the most viable alternative. Consequently, the US investment immigration program is undoubtedly becoming more popular in 2014, with a surge in the number of applicants. How to quickly select a high-quality and reliable EB-5 project has become the most urgent need for investors.
So far in 2014, every US investment immigration seminar held by Worldway across the country has been packed, with additional seating constantly required and attendance far exceeding expectations. The Third Street transformation project, for which Worldway served as the chief agent, sold out on February 19. The Steiner Studios project in New York has triggered a buying frenzy following the approval of its Phase I I-829, and it is currently in the final stages. High-quality EB-5 projects are becoming increasingly difficult to secure.
Nine Major Advantages of the "Crocker Park Expansion Project"
Nine Major Advantages of the "Crocker Park Expansion Project"
As one of the earliest immigration agencies to promote the US EB-5 investment immigration program in mainland China, Worldway adheres to a "select projects" philosophy. Based on rigorous screening and professional evaluation, we are proud to launch the Crocker Park Expansion Project (the new headquarters for American Greetings) and, by virtue of our leading position in US investment immigration, have been appointed as the exclusive chief agent for this project in China.
1. Best Regional Center of the Year: The Cleveland International Fund (CiF) was named "2013 Regional Center of the Year"; all previous projects from this regional center have been successfully approved;
2. Top Legal Team: The project's legal counsel is the renowned top-tier US EB-5 law firm, Miller Mayer. A partner at the firm participated in the drafting of the EB-5 legislation and is considered a godfather of EB-5 law. The firm was also named "2013 Best EB-5 Law Firm";
3. Continuation of a Successful Project: Opened in 2004, Crocker Park is a mature, large-scale mixed-use commercial, shopping, leisure, entertainment, and residential community in Westlake, on the west side of Cleveland. It is expanding due to the relocation of the new American Greetings headquarters;
4. Century-Old Brand Tenant: The Crocker Park Expansion Project includes the new headquarters for American Greetings, the largest gift card design manufacturer in the United States. Founded in 1906, American Greetings currently has an annual revenue of approximately $1.9 billion. In addition to its print and online greeting card business, it also creates and owns the intellectual property for several famous American cartoon characters, such as Care Bears and Strawberry Shortcake;
5. Government Support: The State of Ohio and the City of Westlake are providing financial support for the Crocker expansion project;
6. Low EB-5 Percentage: EB-5 capital accounts for only 10.5% of the total investment;
7. High Employment Multiplier: The employment multiplier is 3.32, meaning there are 33.2 jobs created for every EB-5 investor;
8. Dual Repayment Security: The EB-5 limited company holds a first-priority mortgage on the project property;
9. Strong Developer: The project developer is Stark Enterprises, a well-known local developer in Cleveland that focuses on the development and operation of retail, office, and apartment properties. To date, they have developed 1.85 million square meters of projects. The Crocker Park project is one of their signature works, and since its successful development and operation in 2004, it has continuously extended the commercial success of Crocker Park.
In 2014, under the dual influence of "retrogression" and "price increases" in US investment immigration, high-quality EB-5 projects will undoubtedly trigger a buying frenzy. With its outstanding advantages, the Crocker Park Expansion Project is sure to stand out among the many EB-5 projects. Currently, the Worldway "Crocker Park Expansion Project" national tour seminars are in full swing. Interested parties, please call the reservation hotline at 400-138-2929 or consult online.
Shenzhen March 8 (Saturday) 14:30 Roman Hall, 1st Floor, The Venice Hotel, Nanshan District, Shenzhen
Shanghai March 9 (Sunday) 14:30 Jin Hai Hall, 3rd Floor, Four Seasons Hotel Shanghai Puxi
Beijing March 9 (Sunday) 14:30 Banquet Hall A, 1st Floor, China World Hotel, Beijing
