FirstPathway Weblog

Bob Kraft  FirstPathway Chairman and CEO joins Wisconsin Governor Jim Doyle on a trade mission to Shanghai and Beijing this week. Jon Huntsman, United States Ambassador to China will host the delegation at his residence tomorrow to discuss investment and trade between China and Wisconsin.

This Friday at the Grand Hyatt Beijing, Bob Kraft will present on the topic of EB5 during a business strategy & opportunities seminar hosted by the mission entitled “Introducing Wisconsin”. Guests are by mission invitation only.

Doyle and delegation are also to meet with the Ministry of Commerce, China Council for the Promotion of International Trade (CCPIT), the Ministry of Science and Technology, Party Secretary Sun Chao, and Officials of the Minhang District of Shanghai.

During his trip to the Pacific Rim Kraft plans to visit FirstPathway offices, partners and agents though out China and South Korea.

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FirstPathway Partners is excited to announce the launch of its latest EB5 offering at the $500,000 level!  We have been working hard to designate more $500,000 investment areas in the Milwaukee Zone and we now have 3 large areas in the heart of the city where $500,000 investments can be made.  The designation applies to the Park East area, a large strip of land owned by Milwaukee County in Downtown Milwaukee, the Pabst Brewery Redevelopment (www.thebrewerymke.com), and the Menomonee Valley, home to Potawatomi Casino (www.paysbig.com) and many manufacturing and distribution operations.  All of the areas contain many great investments for our EB5 investors, so we are excited about extending the $500,000 option to them. The application fee for this half-million dollar investment is $50,000.
The accessibility of FirstPathway Partners’ unparalleled services at the $500,000 investment level is exciting news for investors and for the program as it continues to grow.  Contact a FirstPathway representative today to take advantage of this fantastic opportunity.

Bill Majcher, associate and friend of FirstPathway Partners was recently part of a front page story in the Business section of “The Province”, a Vancouver Newspaper.  Bill is the managing director of international business for the Baron Group, one of Hong Kong’s largest investment banks and they recently opened an office in Vancouver.  To read the full story, check out the link below.

http://www.theprovince.com/business/Hong+Kong+bank+seizes+moment/1259556/story.html

FirstPathway Partners and Jian Sun were honored to host three very distinguished guests from China last week.  Ms. Shanping Fu, President of Huaxia Taizhen International Education, Victor Shen, Director of the International Exchange Program, Beijing University, and Lingsheng Wang, President and CEO of CAS International Travel Service, were all new visitors to Milwaukee.  The guests toured some of FirstPathway Partners’ EB5 projects, met with the Mayor’s office, the MMAC, and local business leaders, and of course got a chance to see the beauty of Milwaukee in the winter time. It was a treat to have such wonderful guests to our offices and we cannot wait for them to visit again as we continue to strengthen the ties between Milwaukee and China!

Our trip to China was very successful. In Shanghai we met with five Immigration Agencies .These agencies represent Chinese citizens who have a desire to immigrate into another country. There is growing interest in China to pursue immigration into the United States. The US EB-5 program is a great vehicle that enables qualified individuals to secure a permanent Green Card, and then, after three years, qualify for US Citizenship. With our partner Scott Harrison and his Shanghai based staff we negotiated contracts with three of the Immigration Agencies. These partnerships will result in FirstPathway Partners having a strong, proactive, business development reach into the robust China market.

Our visit to Ningbo was very fruitful. Milwaukee, Wisconsin and Ningbo, China have formed a Sister City relationship. Over the past two years, both cities have exchanged delegations to pursue mutually beneficial business relationships. We participated, as representatives from Milwaukee, in the 10^th Annual Zhejiang Investment & Trade Symposium, and the 7^th Annual China International Consumer Goods Fair. Discussions revolved around numerous opportunities for Ningbo and Milwaukee. Ningbo is sending a delegation to Milwaukee on July 21^st. We, along with all of our Milwaukee associates, look forward to hosting them and continuing productive dialogues.  

FirstPathway Citizenship Fund to Create Jobs from Foreign Investment

FirstPathway Citizenship Fund was recently sanctioned by the Metropolitan Milwaukee Association of Commerce as qualified vehicle for foreign investors seeking to use the Department of Homeland Security EB5 Program to immigrate to the United States.

To qualify for citizenship under the EB5 program, a foreign investor must invest a minimum of $1,000,000 in a designated Regional Center.This investment must create at least ten jobs for U.S. workers.

The EB5 Program began in the early-1990’s as a means to use foreign investment to create jobs for U.S. workers.The seven-county Milwaukee area became a designated Regional Center for EB5 investment in May 2007.

The $200 million FirstPathway Citizenship Fund pools the foreign investors’ money and places it in qualified real estate development projects within the Milwaukee Region.Typical projects include:

1.Milwaukee International Trade Center (In the abandoned Pabst Brewery complex)

2.The Renaissance ClubSport Hotel & Fitness Resort (A 4-star boutique-style hotel and 70,000+ square foot, resort-style fitness facility)

3.The Hotel Palomar (A 4-star hotel and condominium project in the heart of downtown Milwaukee)

4.The Aloft Hotel (A smaller boutique hotel located on Milwaukee’s scenic Riverwalk)

FirstPathway Citizenship Fund is operated by FirstPathway Partners, a limited partnership, Robert W. Kraft, Chairman.

For more information, visit our website at www.firstpathway.com

Or contact Robert Kraft at     414-791-6968