Recently, Worldway Group held the "520 Bridge EB-5 Investor Dividend Conferences" for the Northern and Southern regions in Beijing and Shenzhen, respectively, which caused a great stir in the China-US immigration community. This was the first time in history that an EB-5 dividend conference was held within China, and it was the first EB-5 project where investors began receiving legal dividends before even obtaining their green cards. This has sparked a surge of interest among investors in EB-5 projects launched by US state governments. Encouraged by the successful approval and dividend distribution of the 520 Bridge bond project, sales for the Pennsylvania Turnpike project, for which Worldway serves as the exclusive agent in Greater China, have seen unprecedented popularity. People cannot help but ask: Will the Pennsylvania Turnpike project be another 520 Bridge project?
Indeed, the US investment immigration Pennsylvania Turnpike project and the 520 Bridge project share two commonalities: First, both are 100% government projects, invested in, owned, and managed by state governments; second, both the Pennsylvania state government and the Washington state government have high credit ratings. The Pennsylvania Turnpike Commission has an A+ credit rating, and in August of this year, the tax-supported bonds issued by the Pennsylvania Turnpike Commission, as published on the Moody's website, were upgraded to AAA. Because of this, the Pennsylvania Turnpike project has experienced the same enthusiastic subscription as the 520 Bridge project.
However, compared to the 520 Bridge project, the Pennsylvania Turnpike project has two distinct differences: First, the Pennsylvania Turnpike project is a project that has already received pre-approval from the US Citizenship and Immigration Services (USCIS), so there is no need to wait for the long approval time like the 520 Bridge project. The DVRC Regional Center for the Pennsylvania Turnpike project realized that for such 100% government projects, the USCIS might be more cautious during the approval process; therefore, the Pennsylvania Turnpike Commission and the DVRC Regional Center only brought the project to market after it had received pre-approval from the USCIS.
Another difference is that the Pennsylvania Turnpike project is not a bond financing project, but a direct government financing project where the Pennsylvania government borrows directly from EB-5 investors. Both the borrower and the repayment entity are the Pennsylvania Turnpike Commission. The project is jointly invested by the US federal government and the Pennsylvania state government, and the $180 million investment from the federal and state governments has already been fully implemented.
Because the Pennsylvania Turnpike project possesses the advantages of the 520 Bridge project while avoiding the weaknesses in the approval process of the 520 Bridge project, it has, to a certain extent, been even more enthusiastically sought after by investors.
