UND Center for Innovation 4200 James Ray Drive Grand Forks, ND 58203 USA info@ndmneb5.com EB-5 Regional Center 4200 James Ray Drive Grand Forks, ND 58203 +1.701 777 3132 info@ndmneb5.com
www.ndmneb5.com
Program,” is a federal job-creation visa program, administered by the U.S. Citizenship and Immigration Services (USCIS). Under the EB-5 Regional Center Program, federally approved foreign investors must invest a minimum of $1,000,000 ($500,000, if project is located in an area
Minnesota
with population of less than 20,000) in a qualified project within the EB-5 Regional Center’s region, and create at least 10 full-time direct or indirect U.S. jobs. Permanent residency is issued in 2-3 years once jobs are generated and all EB-5 requirements have been met. 10,000 visas are set aside each year for investors interested in the EB-5 program.
What is a Regional Center?
An EB-5 Regional Center is an entity created to stimulate economic development, create jobs and improve regional productivity through direct foreign investment in U.S. businesses, while providing eligible foreign investors an opportunity to become permanent U.S. residents.
The University of North Dakota (UND) Center for Innovation Foundation EB-5 Regional Center is a nonprofit organization designated by federal authorities to serve the state of North Dakota and Nothwest Minnesota in the following 7 industries: 1-Agribusiness, 2-Manufacturing, 3-Aviation/Aerospace,4- Information Technologies/Communications,5- Biotech/Bioscience, 6-Construction and Real Estate Development: Rural/Urban Renewal/Multi-Mixed Use,7-Utilities (Electric Power Generation). Our EB-5 Regional Center is one of the only ones affiliated with an University Foundation , and is program based vs. project based offering multiple investment options.
p2
WhyNorth Dakota/Minnesota?
• North Dakota ranks #1 for the Best Jobs Market. • Recieved over $1 billion in cuts to personal, corporate, and property taxes, from the 2007, 2009, & 2011 legislative sessions. • North Dakota was named the nation’s #2 top growth performer since 2000. • North Dakota’s exports have increased 303% since 2000.
Minnesota
The United States investor Pilot Program, also known as the “EB-5 Regional Center
ORTH DAKOT
ORTH DAKOT
EB-5 Program Overview
• Booming Economy -Agriculture -Energy -Utilities -Aviation -Real Estate • #1 Safety • #1 Low Cost of living • #1 16 Commodities • #1 Asian Student Population • #3 Education • #3 Oil Production • Secure Investment -Pre-Approved Portfolio -Secure Principal -Experienced Team
pp 77
EB-5 Service Providers
EB-5 Benefits and Qualifications
ORTH DAKOT
EB5 Regional Center Team Members
Rodrigo Cintra EB5 Center Manager rodrigo.cintra@ndmneb5.com +1 701 777 3970
Susan Geib EB-5 Center Partner susan.geib@ndmneb5.com +1 701 541 0735
Jordan Schuetzle EB5 Center Legal jordan.schuetzle@ndmneb5.com +1 701 777 3132
Minnesota
Bruce Gjovig EB5 Center CEO bruce@innovators.net +1 701 777 3132
Yong Hou EB5 Center Consultant yong.hou@ndmneb5.com +1 701 777 3132
COMPANY QUALIFICATIONS
INVESTOR BENEFITS
INVESTOR QUALIFICATIONS
• $.5MM-$1MM Equity Investment
• North Dakota/ Northwest - Minnesota Target Employment Areas (TEA) *
• Equity in ND or MN U.S. Company
• Desire U.S. Residency (Self, Spouse, Family <21)
• Permanent U.S. Residency (self, spouse, family<21)
• “Clean” Investment Capacity of $1MM ($.5MM if in TEA) * • Invest within ND/NWMN EB-5 Zone + Target Industries
• Direct Access to Investors
Helen Yang EB5 Center Project Manager helen.yang@ndmneb5.com +1 701 205 4548
Donavon Johnson Director, Global Resource Management Group donavon@ndto.com +1 701 330 1419
Dr. Cullen F. Goenner, Phd Economist University of North Dakota
• Committed Side by Side debt/equity Relationship
• Planned Return of Principal + fees returned at 5 year exit
• Expert Coordination
• Demonstrate 5 year ROI/Exit plan/Principal payback
• ND booming economy enables strong job creation
• Creates at least 10 direct + indirect U.S. Jobs per investor
• Professional 3rd party review increases investment safety
• Agribusiness, Aviation, IT, Energy, Real Estate, Bio-Science, Manufacturing, Utilities
• Low cost state for business, living, taxes
John Erickson President Assurity Finance john.erickson@assurityfd.com +1 701 795 1114
Kermit Nash Gray Plant Moody kermit.nash@gpmlaw.com +1 612 632 3426
Jon Strinden Fredrickson & Byron jstrinden@fredlaw.com +1 701 237 8202
Dave Benusa CEO Froehling-Anderson CPA Firm dbenusa@fa-cpa.com + 1 952 979 3140
• New Talent Pool
Investment Structure/Investment Package Preparation
• Require $3MM + in investment for expansion
• Side by Side Investment/Credit Line
• Clear Exit (Return of Funds)
Business Planning/Financial Prep/Tax Credit Analysis
• Low College Tuition Rates * TEA = Area with population of less than 20,000.
Immigration Consulting Law Firms
p6
COMPANY BENEFITS
Laura Danielson Fredrikson & Byron ldanielson@fredlaw.com +1 612 492 7148
Charles Raether AmLaw Group charles@amlawprocom +1 703 260 6565
Lincoln Stone Stone & Grzegorek lincoln@lskglaw.com +1 213 627 8997
Christopher Teras Teras & Kim cateras@teraslaw.com +1 202 285 3500
EB-5 Visa Benefits (Green Card) The North Dakota/Northwest Minnesota EB-5 Regional Center provides direct access to foreign capital for area businesses, while offering international investors the benefits of U.S. permanent residency. Advantages to investors include:
• Entire family is granted U.S. lawful permanent residency with one investment (Investor, spouse, and any unmarried children under the age of 21)
• Investors can work, live, retire, or run their own business in the U.S.
• Travel multiple times in and out of the United States without a visa
•Educational benefits, including admission to universities at the same cost as U.S. residents
• Able to apply for U.S. citizenship after being a permanent resident for more than five years
p3
EB-5 Timeline COMPANIES Up to 12 Months
INVESTORS Up to 24 Months
EB-5 REGIONAL CENTERS
• 5 year Bus/Fin Plan/ROI
• Review Company Portfolio
• Investor Package w/ Exit Side by Side Capital
• Invest (Escrow in U.S. bank)
• EB-5 Center Matches Company with Investors
EB-5 Process
• Align with Immigration Consultant
• Econometric Analysis • Investor Review • Private Placement Memorandum (PPM)
• Econometrics & Analysis Services • USCIS Reporting annually
• Submit I-526 (Demonstrate “clean money”)
• Escrow: 3 – 6 months
• Conditional Green Card/Escrow Release: 6 months (Average)
• New Talent Pool: 10 jobs per investor
• Submit I-829 (Final Green Card Status) year 2
• 5 year Expansion/Exit
• Planned Return of Principal + Fees within 5 years
• Partnership and execution through professional third party providers • Global Outreach & Marketing
* Note that each project differs and timelines are general estimates. Exit strategies also differ by company
Cost COMPANIES
www.ndmneb5.com p4
• $70,000 - $80,000 - Econmetric Analysis - Annual Reporting - PPM Documents - Investor Package Preparation - Project Management - Legal Expenses
INVESTORS
• $40,000 - $50,000 - PPM Review - Immigration Fees - Oversight - Reporting - Legal Expenses
p5
EB-5 Timeline COMPANIES Up to 12 Months
INVESTORS Up to 24 Months
EB-5 REGIONAL CENTERS
• 5 year Bus/Fin Plan/ROI
• Review Company Portfolio
• Investor Package w/ Exit Side by Side Capital
• Invest (Escrow in U.S. bank)
• EB-5 Center Matches Company with Investors
EB-5 Process
• Align with Immigration Consultant
• Econometric Analysis • Investor Review • Private Placement Memorandum (PPM)
• Econometrics & Analysis Services • USCIS Reporting annually
• Submit I-526 (Demonstrate “clean money”)
• Escrow: 3 – 6 months
• Conditional Green Card/Escrow Release: 6 months (Average)
• New Talent Pool: 10 jobs per investor
• Submit I-829 (Final Green Card Status) year 2
• 5 year Expansion/Exit
• Planned Return of Principal + Fees within 5 years
• Partnership and execution through professional third party providers • Global Outreach & Marketing
* Note that each project differs and timelines are general estimates. Exit strategies also differ by company
Cost COMPANIES
www.ndmneb5.com p4
• $70,000 - $80,000 - Econmetric Analysis - Annual Reporting - PPM Documents - Investor Package Preparation - Project Management - Legal Expenses
INVESTORS
• $40,000 - $50,000 - PPM Review - Immigration Fees - Oversight - Reporting - Legal Expenses
p5
EB-5 Service Providers
EB-5 Benefits and Qualifications
ORTH DAKOT
EB5 Regional Center Team Members
Rodrigo Cintra EB5 Center Manager rodrigo.cintra@ndmneb5.com +1 701 777 3970
Susan Geib EB-5 Center Partner susan.geib@ndmneb5.com +1 701 541 0735
Jordan Schuetzle EB5 Center Legal jordan.schuetzle@ndmneb5.com +1 701 777 3132
Minnesota
Bruce Gjovig EB5 Center CEO bruce@innovators.net +1 701 777 3132
Yong Hou EB5 Center Consultant yong.hou@ndmneb5.com +1 701 777 3132
COMPANY QUALIFICATIONS
INVESTOR BENEFITS
INVESTOR QUALIFICATIONS
• $.5MM-$1MM Equity Investment
• North Dakota/ Northwest - Minnesota Target Employment Areas (TEA) *
• Equity in ND or MN U.S. Company
• Desire U.S. Residency (Self, Spouse, Family <21)
• Permanent U.S. Residency (self, spouse, family<21)
• “Clean” Investment Capacity of $1MM ($.5MM if in TEA) * • Invest within ND/NWMN EB-5 Zone + Target Industries
• Direct Access to Investors
Helen Yang EB5 Center Project Manager helen.yang@ndmneb5.com +1 701 205 4548
Donavon Johnson Director, Global Resource Management Group donavon@ndto.com +1 701 330 1419
Dr. Cullen F. Goenner, Phd Economist University of North Dakota
• Committed Side by Side debt/equity Relationship
• Planned Return of Principal + fees returned at 5 year exit
• Expert Coordination
• Demonstrate 5 year ROI/Exit plan/Principal payback
• ND booming economy enables strong job creation
• Creates at least 10 direct + indirect U.S. Jobs per investor
• Professional 3rd party review increases investment safety
• Agribusiness, Aviation, IT, Energy, Real Estate, Bio-Science, Manufacturing, Utilities
• Low cost state for business, living, taxes
John Erickson President Assurity Finance john.erickson@assurityfd.com +1 701 795 1114
Kermit Nash Gray Plant Moody kermit.nash@gpmlaw.com +1 612 632 3426
Jon Strinden Fredrickson & Byron jstrinden@fredlaw.com +1 701 237 8202
Dave Benusa CEO Froehling-Anderson CPA Firm dbenusa@fa-cpa.com + 1 952 979 3140
• New Talent Pool
Investment Structure/Investment Package Preparation
• Require $3MM + in investment for expansion
• Side by Side Investment/Credit Line
• Clear Exit (Return of Funds)
Business Planning/Financial Prep/Tax Credit Analysis
• Low College Tuition Rates * TEA = Area with population of less than 20,000.
Immigration Consulting Law Firms
p6
COMPANY BENEFITS
Laura Danielson Fredrikson & Byron ldanielson@fredlaw.com +1 612 492 7148
Charles Raether AmLaw Group charles@amlawprocom +1 703 260 6565
Lincoln Stone Stone & Grzegorek lincoln@lskglaw.com +1 213 627 8997
Christopher Teras Teras & Kim cateras@teraslaw.com +1 202 285 3500
EB-5 Visa Benefits (Green Card) The North Dakota/Northwest Minnesota EB-5 Regional Center provides direct access to foreign capital for area businesses, while offering international investors the benefits of U.S. permanent residency. Advantages to investors include:
• Entire family is granted U.S. lawful permanent residency with one investment (Investor, spouse, and any unmarried children under the age of 21)
• Investors can work, live, retire, or run their own business in the U.S.
• Travel multiple times in and out of the United States without a visa
•Educational benefits, including admission to universities at the same cost as U.S. residents
• Able to apply for U.S. citizenship after being a permanent resident for more than five years
p3
Program,” is a federal job-creation visa program, administered by the U.S. Citizenship and Immigration Services (USCIS). Under the EB-5 Regional Center Program, federally approved foreign investors must invest a minimum of $1,000,000 ($500,000, if project is located in an area
Minnesota
with population of less than 20,000) in a qualified project within the EB-5 Regional Center’s region, and create at least 10 full-time direct or indirect U.S. jobs. Permanent residency is issued in 2-3 years once jobs are generated and all EB-5 requirements have been met. 10,000 visas are set aside each year for investors interested in the EB-5 program.
What is a Regional Center?
An EB-5 Regional Center is an entity created to stimulate economic development, create jobs and improve regional productivity through direct foreign investment in U.S. businesses, while providing eligible foreign investors an opportunity to become permanent U.S. residents.
The University of North Dakota (UND) Center for Innovation Foundation EB-5 Regional Center is a nonprofit organization designated by federal authorities to serve the state of North Dakota and Nothwest Minnesota in the following 7 industries: 1-Agribusiness, 2-Manufacturing, 3-Aviation/Aerospace,4- Information Technologies/Communications,5- Biotech/Bioscience, 6-Construction and Real Estate Development: Rural/Urban Renewal/Multi-Mixed Use,7-Utilities (Electric Power Generation). Our EB-5 Regional Center is one of the only ones affiliated with an University Foundation , and is program based vs. project based offering multiple investment options.
p2
WhyNorth Dakota/Minnesota?
• North Dakota ranks #1 for the Best Jobs Market. • Recieved over $1 billion in cuts to personal, corporate, and property taxes, from the 2007, 2009, & 2011 legislative sessions. • North Dakota was named the nation’s #2 top growth performer since 2000. • North Dakota’s exports have increased 303% since 2000.
Minnesota
The United States investor Pilot Program, also known as the “EB-5 Regional Center
ORTH DAKOT
ORTH DAKOT
EB-5 Program Overview
• Booming Economy -Agriculture -Energy -Utilities -Aviation -Real Estate • #1 Safety • #1 Low Cost of living • #1 16 Commodities • #1 Asian Student Population • #3 Education • #3 Oil Production • Secure Investment -Pre-Approved Portfolio -Secure Principal -Experienced Team
pp 77
UND Center for Innovation 4200 James Ray Drive Grand Forks, ND 58203 USA info@ndmneb5.com EB-5 Regional Center 4200 James Ray Drive Grand Forks, ND 58203 +1.701 777 3132 info@ndmneb5.com
www.ndmneb5.com