In 2016, World Trade Center Savannah (WTCSav) announced that the United States Citizen and Immigration Service had certified the Savannah World Trade Center for Investment (SWTCI) as an EB-5 Regional Center.
The mission of SWTCI, in line with WTCSav and the Savannah Economic Development Authority, is to attract investment and create jobs in the region.
EB-5 Regional Centers are federal government approved organizations for the receipt of foreign investment capital for projects that promote economic development and job creation.
The Savannah region is ideal for those considering investing through an EB-5 project.
Some of the reasons to consider Savannah include:
- World Trade Center Savannah. WTCSav is a member of the World Trade Centers Association, a global association of more than 300 World Trade Centers in nearly 100 countries. The WTCA network serves as an international ecosystem of global connections and integrated trade services.
- Tourism. Ranked a top five United States destination by Conde’ Nast Traveler, more than 14 million visitors come to Savannah each year.
- Port and Infrastructure. Home to the Port of Savannah, the busiest single container terminal in the United States. The Savannah region also has an extensive rail network that includes two class I railroads, and an international airport with more than 40 daily flights and connected highway system.
- #1 State for Business. The state of Georgia has been selected the best state for doing business five years in a row by Site Selection magazine.
There are 791 regional centers in the United States accounting for $4 billion in GNP and 41,000 new jobs per year. More than 25 countries have similar programs to attract foreign investment.
The Immigrant Investor Program, also known as “EB-5,” was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by immigrant investors by creating a new commercial enterprise or investing in a troubled business. There are 10,000 EB-5 immigrant visas available annually. In 1992 and regularly authorized since then, 3,000 EB-5 visas are also set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.
For more information on SWTCI, visit investsavannah.org.