Scaale Promoting Sierra Nevada Region EB-5 Opportunities for Indian Entrepreneurs and Investors

Carson City, NV - Nevada, July 2, 2015 (Newswire.com) - ​Scaale Inc.  (www.scaale.com) announced today that through its partnership with Northern Nevada Development Authority (NNDA), it is promoting EB-5 opportunities available through the Nevada State EB-5 Regional Center (NVEB-5).  Scaale Capital can work with Indian entrepreneurs and investors interested in eligible projects that include the possibility of a US residence visa (green card) through the United States Citizenship and Immigration Services (USCIS) EB-5 program (www.uscis.gov/eb-5).

Through its offices in India and the US, Scaale can help educate interested Indian entrepreneurs and investors about the USCIS EB-5 program and available opportunities in the Sierra Region of northern Nevada.  In collaboration with NNDA (www.nnda.org), the state designated regional economic development authority, Scaale can provide extensive local knowledge, resources and assistance to facilitate successful EB-5 projects in the Sierra Region.  ​

Kaushal Chokshi, President of Scaale, Inc., said, “The US is the largest, most exciting market in the world, and Nevada is one of the most business-friendly states.  The Sierra Nevada Region is particularly pro-business, with much support for innovation and entrepreneurship.”  He continued, “The multi-trillion US market is a low risk with the potential for a high rate of return on investment.  The EB-5 program is a pathway into this market, by bringing together exceptional business ventures and foreign capital investors.”

The Nevada State EB-5 Regional Center (NVEB-5) was founded through a partnership between NNDA and the Hop and Mae Adams Foundation (HMAF).  NVEB-5 (www.NVEB5.org) is principally focused on the growth of both existing businesses and new business ventures through foreign capital investment.  Unlike traditional EB-5 Regional Centers, NVEB-5 is a unique blend of a non-profit and an approved U.S. Citizenship and Immigration Services (USCIS) regional center. The NVEB-5 Regional Center is located in Carson City, Nevada and supports three key counties in the Sierra Region: Carson City, Douglas County and Lyon County.

NVEB-5 works diligently to give foreign capital contributors viable and sustainable business opportunities that lead to legal immigration into the United States through the EB-5 Program. The many benefits to program participation for high net worth foreign investors include:

•           USCIS approval of a project offers a potential investor an additional level of due diligence.

•           In-direct and induced employment creation formulation for the EB-5 investor--assisting in meeting the job-creation requirement of an investment.

•           The passive investment-nature of the limited partnership role with the New Commercial Enterprise satisfies the management requirement of EB-5.

•           Investors and their eligible immediate family can live anywhere in the US.

•           An option for foreign nationals who are reaching the 6-year limit on their H-1B visa status.

Steve Neighbors, President of the NVEB-5 Board of Directors, said, “NVEB-5 Regional Center was organized to make the USCIS program available for local businesses. Foreign investors, who weigh those local opportunities, can rest assured that the local administration of the USCIS program will be done properly.”

According to Ashwin Sanzgiri, Vice President of Scaale’s Capital Group, “Through Scaale’s Cross Border Angels platform, Indian investors have been actively investing in young American companies such as Springleap and Trusted Insights. This investment experience has brought forth to Indian investors the meritocracy-driven ecosystem that the United States provides to its citizens and businesses, which is an attractive proposition for investors.” He continued, “A platform such as EB-5, that not only provides an opportunity to be an integral part of a great nation but also creates tangible employment, coupled with a high probability of receiving great returns on investment, is a definite attraction. The State of Nevada has always been known for its user-friendly business environment and low taxes, and it would be a perfect partner for the EB 5 program.”

Vice President of Talent Anywhere, Dr. Sridhar Vangala, said, “Talent Anywhere, a Scaale Group company, is setting up a facility in Carson City, Nevada. The EB5 Program which involves job creation, is the perfect platform wherein the recruiting expertise built over the 9 years in building global teams will stand in good stead and provide support under the Talent Anywhere model. This model has helped both large sized global companies as well as those from the SMB sectors reach into various talent pools available and provide the right matches between skill sets and organizations seeking the right talent.” 

Scaale and NNDA have collaborated for over a year to promote Northern Nevada worldwide as a key business destination and prime location for entering the US market. The recently established Scaale Carson City office is also helping Sierra Region companies to grow and have a global footprint.

Headquartered in San Francisco, Scaale Group is comprised of 15 companies and a team of 300+ employees located in 8 countries, who are currently working with over 100 clients worldwide.  Scaale's city-state approach of hiring local teams in key cities facilitates the development of strong local networks and provides detailed knowledge of how to successfully navigate new markets, regulatory requirements, and business ecosystems.  Local Scaale teams work directly with clients to facilitate a successful market entry, including minimizing and mitigating challenges and risks. With full access to Scaale’s internal resources, all Scaale services can be provided directly through its local teams, and not through partners.

Contacts:

            Lynn O’Mara, Scaale Inc./Scaale Carson City, +1 775 624 3963, [email protected]

         Lynn Beteag, Nevada State EB-5 Regional Center, + 1 775 600 4090, [email protected]