City of Miami Receives EB-5 Regional Center Approval

Online, May 29, 2014 (Newswire.com) - The City of Miami received approval for designation as an EB-5 Regional Center for Foreign Investment under the U.S. Citizenship and Immigration Services immigrant investment visa program this week.

The City of Miami Regional Center will be one of the few government-owned and managed regional centers in the United States. By utilizing the EB-5 investment program, the city expects to increase foreign investment in Miami, which will translate into the creation of thousands of new jobs and economic growth for both the city and the entire South Florida region.

"We are excited and deeply grateful to USCIS for their tremendous vote of confidence on behalf of The City of Miami," Miami Mayor Tomas Regalado said. "Our EB-5 Regional Center is a visionary step we took with great care and due diligence to ensure the creation of thousands of jobs and a massive engine for true economic development. This is also a key step in expanding our administration's goal to position The City of Miami as the economic revitalization hub for all of South Florida and the gateway to the Americas, Europe and Asia".

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