Another major development in U.S. investment immigration: On November 8, U.S. Congressman Mike Fitzpatrick, who was just re-elected in the U.S. midterm elections, along with Pat Deon, Chairman of the Pennsylvania Turnpike Commission, Mr. Young, Director of the Regional Center, and Mr. Joseph, President of the Regional Center, joined Dr. Winner Xing, President of Worldway Immigration Group, to promote the Pennsylvania Turnpike project, which currently holds the highest credit rating among EB-5 projects. This has attracted significant attention from the immigration community and enthusiastic pursuit from numerous investors. This is the first time in the 25-year history of the U.S. EB-5 investment immigration legislation that a U.S. Congressman has joined an immigration agency to promote an EB-5 project in China, making it highly significant.
A full house
The Pennsylvania Turnpike project promotion event was packed, and the arrival of U.S. Congressman Mike Fitzpatrick was met with warm applause. Congressman Mike Fitzpatrick explained that he accepted the invitation from the Pennsylvania state government and Worldway Immigration Group to promote the Pennsylvania Turnpike project, which is exclusively represented by Worldway, because it is not a project by a private developer. Instead, it is a project jointly invested by the U.S. federal and state governments, and owned, operated, and managed by the state government. It is a "hub project concerning U.S. national interests and security." The Congressman told investors at the scene that projects like the Pennsylvania Turnpike, which raise funds through the U.S. EB-5 investment immigration method to improve municipal construction for various levels of U.S. government, align with the original legislative intent of the U.S. EB-5 Act and are supported by the U.S. Congress.
U.S. Congressman Mike Fitzpatrick
The Chairman of the Pennsylvania Turnpike Commission highlighted the outstanding advantages of the Pennsylvania Turnpike project to the investors present. This is the first EB-5 project launched since the U.S. EB-5 investment immigration legislation in 1990 that is 100% owned, invested, managed, operated, borrowed, and repaid by a U.S. state government. The I-95 interstate highway, which is being financed by the Pennsylvania Turnpike project, has already commenced construction and is expected to be completed in 2018. In addition, the project has a high employment multiplier of 5.3 times, and the job positions have already been approved by the immigration authorities, providing strong support for investors to remove conditions on their green cards two years later.
Chairman of the Pennsylvania Turnpike Commission, Mr. Pat Deon
Dr. Winner Xing, President of Worldway Immigration Group, also delivered a speech at the meeting. He specifically analyzed the two major risks of U.S. investment immigration for investors from Beijing and Shanghai: employment risk and investment risk, noting that the key to success in U.S. investment immigration lies in project selection.Dr. Winner Xing introduced Worldway's experience and methods in selecting U.S. investment immigration EB-5 projects, specifically mentioning that the Pennsylvania Turnpike project has two major highlights: first, it has already received pre-approval from the U.S. immigration authorities (I-924); second, it is a government project where the U.S. state government borrows the funds and promises repayment. Because of this, the Pennsylvania Turnpike project created a near-buying frenzy as soon as it was launched.
Dr. Winner Xing, President of Worldway Immigration Group
In terms of obtaining a green card and ensuring capital safety, the Pennsylvania Turnpike project provides multiple safeguards for investors. The Pennsylvania Turnpike U.S. investment immigration project is another EB-5 project launched by Worldway, following the approval of the 520 Bridge Bond project, which is financed and guaranteed for repayment by a U.S. state government. It is also currently the EB-5 project with the highest credit rating in the EB-5 market. The borrower, the Pennsylvania Turnpike Commission, has long held a high credit rating. The three major international rating agencies (S&P, Moody's, and Fitch) have assigned credit ratings of "A+", "A1", and "A+" respectively to the Pennsylvania Turnpike Commission, which is higher than the credit ratings of all current Chinese state-controlled banks.
As the event drew to a close, the atmosphere remained intense, with enthusiastic inquiries from investors. Dr. Winner Xing, President of Worldway Immigration Group, and the Chairman of the Pennsylvania Turnpike Commission answered questions of concern to the investors in detail. After the meeting, investors consulted with Worldway immigration consultants on-site to learn more about personal family documentation, and many investors signed contracts on the spot.
The Pennsylvania Turnpike project, a 100% government project that has already received pre-approval from the U.S. immigration authorities, has sounded the horn for a definitive project choice before the 2015 visa backlog arrives. As a leading institution in U.S. investment immigration, Worldway immigration experts remind investors that with the backlog approaching and price increases imminent, many investors are rushing to apply, but it is even more important to choose projects cautiously. Currently, there are few spots left for the first phase of the Pennsylvania Turnpike project. Submit your application as soon as possible to obtain your U.S. green card quickly, and do not miss this rare, high-quality U.S. investment immigration project. For more details, please call 400-138-2929
