DALLAS, Nov. 7, 2013 – Encore Global Investment Management, LLC (Encore Global), a division of the Dallas-based Encore Enterprises, Inc., plans to develop and/or finance multiple real estate projects in the state of Louisiana as part of its nationwide EB-5 Regional Center network. This is the seventh regional center in a nationwide network of EB-5 regional centers owned and operated by Encore Global.
The EB-5 Employment-Creation Immigrant Visa Category was created by the United States Citizenship and Immigration Service (USCIS) to provide accredited foreign individuals with an opportunity to achieve conditional and permanent resident status by investing lawfully acquired funds in a Regional Center project approved by the USCIS. To qualify, each investor must directly or indirectly, through the regional center, create ten full-time jobs in the United States. In exchange for this investment, the investor may be able to obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age.
The Encore Louisiana Regional Center has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job-creating entities located throughout Louisiana. Encore Global will develop and/or fund commercial real estate projects in thirty parishes, including Orleans, Calcasieu, East and West Baton Rouge, Lafayette, and St. Tammany Parishes.
“Projects funded through the Louisiana EB-5 Regional Center will greatly benefit the surrounding communities’ economy,” said Bharat Sangani, Chairman of Encore Enterprises. “The funds will go towards the construction of facilities encompassing a variety of industries including hospitality and retail, in order to promote regional economic growth and increase employment in each community.”
About Encore Global Investment Management, LLC
Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for accredited foreign nationals seeking to obtain permanent residency status in the United States. Encore Global owns and operates seven USCIS approved Regional Centers across the U.S., and focuses on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, office, healthcare and entertainment / recreational facilities. For more information, please visit www.EncoreEB5.com or call (214) 259-7021. Disclaimer: Not every investment is safe, not every investment in a regional center will ultimately result in green card status, and not every investment will produce a profit.