On October 22 and 23, Worldway Immigration, as the sole chief agent in China, held promotion meetings for the U.S. EB-5 Maryland Government Office Building Reconstruction Project in Qingdao, Beijing, and Shenzhen. Three guest speakers were in attendance to support the events: Mr. John Jiang, representative of the project's regional center; Joel Craig, Marketing Director; and Mr. Dale Oswald, Asia Marketing Director for CanAm Enterprises. The project is fully participated in by the government, which provides both funding and support, and is deeply involved in its development. The project's unique dual-escrow mechanism for client funds fully guarantees the safety of investors' capital. Faced with the project's numerous advantages, investment immigration clients showed high enthusiasm for subscription, resulting in a bustling atmosphere at the promotion meetings, with some clients signing subscription agreements on the spot.
The Beijing subscription meeting was packed to capacity
Project regional center representative Mr. John Jiang first provided a brief introduction to the project. The Maryland Government Office Building Reconstruction Project launched by Worldway has a total investment of 230 million USD, with financing used to reconstruct the Maryland state government office building to meet the office needs of over 3,500 employees across 16 state government departments. The project is fully participated in and deeply involved by the government, which provides funding and support to ensure the project's continuous operation.
According to economists' calculations, the project will create 2,428 jobs, exceeding the USCIS requirement by 87%, ensuring that investment immigration clients can successfully remove the conditions on their I-829 green cards.
In addition, of the 230 million USD total investment cost, 72% is the responsibility of the well-known U.S. bond issuer CGA. Leveraging its successful experience in issuing over 12 billion USD in bonds, CGA has committed to completing the 135 million USD financing within 30-45 days, and will underwrite any remaining portion itself, ensuring that all project funds are in place on schedule and that the project starts smoothly.
Regarding the project's pioneering dual-escrow advantage for client funds, one of the keynote speakers specially invited by Worldway, project regional center Marketing Director Joel Craig, provided a detailed introduction at the meeting. In addition to the project escrow account for the I-526 review process, this project has specifically added a dedicated project account.
In the well-known U.S. EB-5 project application process, after clients submit their application materials to immigration attorneys for review and approval, they must remit their investment funds to the project escrow account. Subsequently, the immigration attorney will submit the client's application materials to the USCIS for review. Once the I-526 is approved, the client's investment funds are transferred from the escrow account to the project party's account. If not approved, the investment funds are returned to the investor from the escrow account.
The advantage of the dual-escrow account in the Maryland Government Office Building Reconstruction Project is that after the client's application materials are approved by the USCIS, the project's original escrow account used for the I-526 review stage will first transfer the client's investment funds to this specially added dedicated project account, rather than directly to the project party's account as in other U.S. EB-5 projects.
This dedicated project account is composed of three parts: government funds, bond financing, and EB-5 investment funds. Only when all three parties' funds are in place will the dedicated project account release the funds into the project. If any party's funds are not in place, the investors have the right to apply to withdraw their investment and recover their funds, avoiding the risk of promised funds not being available, the project stalling midway, and previous investors facing investment risks.
Furthermore, the dedicated project account transfers funds to the developer in batches according to the project progress, rather than in a lump sum, which also prevents the misappropriation of investment immigration clients' funds. All of these measures fully ensure the safety of the investment immigration clients' capital.
Faced with such significant project advantages, investment immigration clients were full of enthusiasm for the Maryland Government Office Building project launched by Worldway, scrambling to subscribe, and the scene was bustling. Therefore, Worldway Immigration has decided to hold project promotion meetings again on October 29 and 30 in Beijing and Shenzhen to provide more investment immigration clients with an excellent opportunity for project subscription, and we cordially invite you to attend.
