Since the fiscal year 2008, when the number of applicants from China first surpassed that from South Korea, U.S. investment immigration has maintained a significant share of applicants, reaching 80% of U.S. EB-5 applications by the fiscal year 2013. Meanwhile, the temporary closure of Hong Kong's investment immigration policy in 2015 will lead more investors who are waiting on the sidelines to turn their attention to U.S. investment immigration.
In the past, the U.S. EB-5 market primarily featured investment immigration projects launched by small and medium-sized developers lacking funds. However, in recent years, large and reputable developers like Lightstone Group in New York have also begun to enter the EB-5 field. Moreover, state governments with high credit ratings have started to utilize EB-5 financing to raise funds for public infrastructure projects such as roads and bridges in the U.S.
Immigration is generally a sensitive topic, and U.S. state governments have been reluctant to get involved. However, the successful approval of the 520 Bridge Bond Project has served as a model and inspiration for other state governments, causing a stir in the immigration community: U.S. immigration has entered a new era of government projects. U.S. investment immigration government projects are those where the U.S. federal and state governments serve as the 100% borrowing entities for EB-5 investment immigration projects.
Typically, the credit ratings of U.S. government borrowing institutions are verifiable. The three major international rating agencies generally conduct credit assessments of government entities. In government projects within U.S. investment immigration, the government acts as both the borrower and the operator. Furthermore, as the borrower, the government assumes the legal responsibility for repaying the principal and interest of EB-5 funds, making the government's borrowing activities transparent. Under the comprehensive oversight of numerous regulatory bodies, the default risk and repayment risk of government borrowing and repayment projects are relatively low.
The Pennsylvania Turnpike project, exclusively represented by WorldWay Immigration, is a true 100% government project. The Pennsylvania Turnpike project is a rare EB-5 project co-invested by the U.S. federal government and the Pennsylvania state government, with the Pennsylvania Turnpike Commission borrowing and committing to repayment. It has received pre-approval from the U.S. Citizenship and Immigration Services (USCIS) under the I-924 project, and is a 100% government-owned, government-invested, government-managed, government-operated, government-borrowed, and government-repaid EB-5 project.
The first phase of the Pennsylvania Turnpike project sold out explosively within two months of its launch, and the second phase of the project is currently in high demand. For more details, please call 400-138-2929.
