Business Wire IndiaCanAm Enterprises
(“CanAm”) is pleased to announce that its 40th
EB-5 project – the Molina Healthcare Project – has repaid in full and early. EB-5 investors in the Molina Healthcare Project joined the 2,600 other EB-5 investor-families that have already been repaid by CanAm’s projects to date.
The $34.5 million EB-5 investment financed the redevelopment of the Press-Telegram Building and Meeker Baker Building in Long Beach, CA, which contain a combined 209,702 rentable square feet of Class-A office space that is leased entirely to Molina Healthcare, a Fortune 500 company which provides services to patients through state and federally operated healthcare programs. The completion of the project enabled Molina Healthcare to hire new full-time employees to service its expanding national operations and clientele.
The Molina Healthcare Project has created a significant number of new jobs in California and has stimulated the state’s economy. The successful development of the Molina Healthcare Project and associated job creation is expected to enable all EB-5 investors to receive permanent residency in the U.S.
“We are thrilled to reach such a great milestone and further establish our track record, which is an industry benchmark,” said Christine Chen, COO of CanAm Enterprises. “Our consistent approach to project sourcing and thorough due diligence is key to providing great EB-5 investment opportunities.”
CanAm invites everyone pursuing permanent residency in the United States to read CanAm’s EB-5 Program Overview
and inquire about the EB-5 Visa options through one of the various contact options
The EB-5 Immigrant Investor Program
is administered by the United States Citizenship and Immigration Services (USCIS). The Program provides qualified foreign investors with the opportunity to earn “conditional” or temporary two-year visas in return for investing $500,000 (or $900,000 after November 21, 2019) in businesses located in high unemployment areas that create or retain at least ten permanent full-time jobs for U.S. workers.