With one week remaining until our last training of CY 2013, registration has also opened for our January 29th webinar, Workforce Development: Best Practices in Partnerships. Please read the below overviews and click on the provided links to view the registration brochures or to register!
EB-5 FINANCING & THE ANATOMY OF A DEAL* Webinar
You’ve probably heard the term at economic development conferences. Maybe you’ve seen the headlines in economic development and financing blogs. Or maybe you’ve heard that Pennsylvania leads the nation in EB-5 financing projects. Now you can find out how EB-5 financing can work for you in getting your next big project off the ground. Here’s what it is and how it works:
Overseen by the U.S. Citizenship & Immigration Services (USCIS), the EB-5 Immigrant Investor Program provides foreign nationals the opportunity to become conditional permanent residents for two years upon making an investment of $500,000 in a qualifying project that will create at least ten new, direct or indirect jobs for U.S. workers. EB-5 investors must submit an immigration application to the USCIS with a comprehensive business plan that is sufficiently detailed to demonstrate that the investment project meets the job creation requirements of the EB-5 Program.
Investment Structure
EB-5 Program qualifying investments are typically made through newly formed limited partnerships that make an interest-only loan to a job creating project or business for a five-year term. Information regarding the investment and the job creating enterprise are presented to investors through a private placement offering and to the USCIS as an integral part of each investor immigrant’s application.
Benefits of EB-5 Financing
- Source of Capital for government agencies and private businesses at competitive, below-market fixed interest rates; no cost to taxpayers
- Creative Financing Vehicle for private lender financing during a period when credit is restricted and economic development programs have been cut
- Source of Job Creation in the United States during time when the economy is weak and national unemployment rate is high
- Supported by Government Authorities on a state, regional and local level
- Promotes Economic Development in economically challenged areas
Since 2001, the State of Pennsylvania has had an approved regional center in partnership with the Philadelphia Industrial Development Corporation and CanAm Enterprises, a leading promoter of EB-5 Investment Funds. As economic development professionals, you need to know about this burgeoning financing opportunity for your next project.
Click on the session title above to learn more.
This session is recognized by PEDA, the Pennsylvania Economic Development Institute and by the EDP certification program of the Northeastern Economic Developers Association (NEDA).
WORKFORCE DEVELOPMENT: BEST PRACTICES IN PARTNERSHIPS* Webinar
Preparing today’s workforce for in-demand jobs is a key component in the fight to rebuild Pennsylvania’s economy. Strong partnerships between industry and organizations focused on workforce development are essential if the workplace needs of employers and employees are to be effectively met.
This program will address common challenges and pitfalls associated with building and maintaining strong partnerships in the world of workforce development while laying out a step-by-step blueprint through which the successful development of multi-organization partnerships can be achieved. This approach, which is based on best practices utilized by successful Pennsylvania economic development organizations, will include the use of case studies as well as discussion of several key elements ranging from the identification of partners to relationship building and definition of roles to strategic planning and, of course, information sharing and communication. In line with the motto of our presenters, practitioners must plan, implement, fine tune and then repeat in order to consistently meet the needs of our community’s workforces.
Professionals who will benefit from this session include, but are not limited to, economic development professionals, individuals whose responsibilities include any aspect of workforce development such as consensus-building, educational or industry partnerships, relationship management, etc. Also benefiting are those interested in gaining a stronger understanding of best practices in this area of subject matter or simply finding new value for clients.
Click on the session title above to learn more.
This session is recognized by PEDA, the Pennsylvania Economic Development Institute and by the EDP certification program of the Northeastern Economic Developers Association (NEDA).
