Program makes US entry smoother for those willing to invest
Foreign investors are flocking to a booming region along the US/Mexico border known as Rio South Texas. Located at the southernmost tip of Texas, the region exploded in population and economic growth following the passage of the North American Free Trade Agreement in the early 1990s. In 1990, the US Government started the EB-5 program (Employment-Based Immigration: Fifth Preference) to attract foreign investment and to create more jobs.
With the major manufacturing cities of Monterrey, Matamoros, Rio Bravo and Reynosa, Mexico, across the Rio Grande from Rio South Texas, investors are discovering and creating business opportunities in this new market region. Always known as a tourist and sporting destination, the Rio South Texas region is now becoming even more attractive to Mexican investors.
The USA NOW Regional Center, located in McAllen Texas, is a newly-designated government entity designed to assist investors through the process of obtaining a Visa through the EB-5 program. A recent influx of foreign investors created an increased demand for projects with investment opportunity. USA NOW, LLC handles residency and immigration logistics for investors, and has now partnered with Rio South Texas Economic Council (RSTEC) to assist in identifying sites and properties for their investors. Some investors already own businesses. Some would like to start one and are in a position to do so, and that is where the USA NOW partnership with RSTEC will be of the most help.
“Our partnership with Rio South Texas Economic Council fits like a glove,” said Marco Ramirez, President of USA NOW, LLC. “RSTEC is in the business of creating jobs and attracting new capital investment; we have manufacturers interested in the area. RSTEC is unbiased in selecting sites, presenting the best of the entire region, and that’s what we need.”
“We are very excited to work with USA NOW and other EB5 Regional Centers that will be created in this area,” said Raudel Garza, Executive Director of RSTEC. “This partnership is just another example of how the private and public sectors can work cooperatively.”
Parties interested in more information are encouraged to contact RSTEC. Rio South Texas Economic Council is dedicated to the promotion of new business opportunities and job creation through private investment in the region.
Direct Line: 956-928-0641
Tagged with: Banking • Business • Companies • EB-5 Program • Economic Stability • Economy • Foreign Investors • Industry • Investment • Markets • McAllen Texas • North American Free Trade Agreement • Rio Bravo • Rio Grande • South Texas • United States
Filed under: Business