Guest contributors Monroe Moxness Berg PA and CohnReznick provide tactics for finding growth capital with the EB-5 program. Monroe Moxness Berg is a law firm specializing in multiunit franchise finance, mergers and acquisitions, and taxation. CohnReznick is a firm providing accounting, tax and advisory services through its Hospitality Industry Practice.
November 12, 2013
.svg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale "Nation's Restaurant News")
Dennis L. Monroe, Greg Remeikis and Stephanie O’Rourk
The restaurant community is embracing a unique tool to secure development capital. Restaurant owners who have proven concepts and desire to expand their brand are taking advantage of the EB-5 Program, otherwise known as “buying a Green Card.” The program was part of legislation enacted in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.
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In essence, the EB-5 Program offers permanent legal residence to an immigrant who will invest either $500,000 in targeted areas, or $1,000,000 in a U.S. business ...
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