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Chains attract foreign investors with EB-5 visa programChains attract foreign investors with EB-5 visa program

Restaurants are increasingly using EB-5 to attract backers from overseas who will help them expand domestically.

Lisa Jennings, Executive Editor

April 15, 2013

7 Min Read
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When Latin hip-hop star Pitbull acquired a high-profile equity stake in Miami Subs last year, the Miami-based sandwich specialist saw the arrangement not only as a way to build brand interest among the rapper’s millions of fans worldwide, but also to attract international backers through a government program that offers a streamlined path to citizenship for certain investors.

The program, which was developed in 1990 to promote job creation and capital investment, is known as EB-5, or the Immigrant Investor Program. Administered by the U.S. Citizenship and Immigration Services agency, EB-5 enables investors from other countries to earn U.S. citizenship for themselves and their immediate family by investing in a business on American soil th...

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About the Author

Lisa Jennings

Executive Editor, Nation's Restaurant News and Restaurant Hospitality

Lisa Jennings is executive editor of Nation’s Restaurant News and Restaurant Hospitality. She joined the NRN staff as West Coast editor in 2004 as a veteran journalist. Before joining NRN, she spent 11 years at The Commercial Appeal, the daily newspaper in Memphis, Tenn., most recently as editor of the Food and Health & Wellness sections. Prior experience includes staff reporting for the Washington Business Journal and United Press International.

Lisa’s areas of expertise include coverage of both large public restaurant chains and small independents, the regulatory and legal landscapes impacting the industry overall, as well as helping operators find solutions to run their business better.

Lisa Jennings’ experience:

Executive editor, NRN (March 2020 to present)

Executive editor, Restaurant Hospitality (January 2018 to present)

Senior editor, NRN (September 2004 to March 2020)

Reporter/editor, The Commercial Appeal (1990-2001)

Reporter, Washington Business Journal (1985-1987)

Contact Lisa Jennings at:

[email protected]

@livetodineout

https://www.linkedin.com/in/lisa-jennings-83202510/

 

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