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.comOr contact Robert Kraft at414-791-6968