An increasing number of investors are focusing on U.S. EB-5 investment immigration, leading to a surge in applications. The Cleveland Phase III EB-5 bond project, a targeted EB-5 bond issued by a U.S. government agency, has garnered significant attention from investors because the first phase has already received 829 approvals, and the second phase has also received I-526 approval. Currently, the project has commenced construction and is progressing smoothly. Recently, Worldway Group has exclusively secured the last 11 reserved slots globally for the Cleveland Phase III EB-5 bond project.
Currently, the Cleveland International Fund (CIF) has had over 200 applicants successfully receive I-526 approval, and over 200 families have successfully received their U.S. Green Cards. We believe this rich history of success is one of the key reasons it is highly regarded by investors.
Cleveland is located at a hub between major U.S. cities, New York and Chicago. The EB-5 bonds issued this time are specifically for the expansion project of the Crocker Park. As an EB-5 investment bond project, the Cleveland-Cuyahoga County Port Authority raises funds through government-issued bonds, with selection criteria even stricter than those of banks.
Cleveland-Cuyahoga County Port Authority CFO Brent Leslie stated: “The Port Authority is a government agency present throughout the United States. One of its responsibilities is to select qualified projects to issue bonds, thereby promoting local economic development. Since 1993, the Cleveland-Cuyahoga County Port Authority has issued a total of 80 projects worth 2 billion U.S. dollars in bonds, creating over 16,000 jobs. Among them, there have been successful cases of bond issuance in cooperation with the Cleveland International Fund. This Cleveland Phase III EB-5 bond project is an EB-5 bond project with dual repayment guarantees: property collateral and a personal guarantee from the developer's chairman.”
Regarding the two questions that EB-5 investors are most concerned about: Is the capital safe, and can the jobs be created? Experts believe that the “Cleveland Phase III EB-5 bond project” is a rare, high-quality project on the market. It is a bond issued by a U.S. government agency specifically for EB-5 investors, and its design meets the requirements of immigration law regarding job creation and investment cycles (5 years). A unique advantage is that after investors purchase the EB-5 bonds, their funds enter a supervised account and will only be released to the Crocker Park expansion project after the investor's I-526 is approved, thereby maximizing the protection of investors' interests.
Meanwhile, EB-5 investment accounts for only 10.5% of the project's total investment, a very low proportion. Government cash support accounts for 22.5%, used for initial investments such as infrastructure, which further increases the safety coefficient of the EB-5 investment. According to calculations by authoritative economists, this project creates up to 33.2 jobs for each EB-5 investor, which is 3 times higher than the 10 jobs required by the immigration bureau, providing more security for the removal of conditions on the Green Card.
After years of development, U.S. investment immigration has entered a relatively stable and safe stage, but its current situation is not optimistic. Experts remind prospective investors that in the context of scheduling and price increases, investors should avoid “seeking medical advice blindly” and that choosing a good project is the key. Consultation Hotline: 400-138-2929
