Is Northern Nevada the next Tech Mega Center?

As the Northern Nevada region clears the carnage of the economic recession, it emerges stronger than ever. Once thought strictly as an entertainment capital, it is slowly blossoming into a technological power house.

With the recent start of construction on the Tesla Gigafactory, other new technology companies are exploring the economic and quality of life benefits Northern Nevada has to offer. In addition to the construction of the new Tesla battery manufacturing plant east of Reno, other recognized companies are exploring the region including: Apple, Dairy Farmers of America, Amazon and the Switch Data Center to name a few.

The recently announced Switch Data Center will provide cloud-based data backup for mega companies such as Ebay and Dreamworks. Currently, its only data center is located in Las Vegas and Switch looks to create a double redundancy system with the addition of the new Northern Nevada facility. Work has begun on the first phase of the $1Billion data center.

Technology based companies/project developers rely heavily on capital to launch new operations, relocate or expand. A powerful tool available to these companies/project developers is the EB-5 Program. As a certified USCIS EB-5 Program, the Nevada State EB-5 Regional Center facilitates local job creation through foreign capital investment into local, approved projects. If you are a Technology based company or supplier interested in joining the Northern Nevada Tech World and require capital, please contact NVEB-5 to discuss how we can assist you.

To learn more about the many benefits of becoming an approved EB-5 Program, contact The Nevada State EB-5 Regional Center at: 885.498.6360 or visit: NVEB5.org.

More Northern Nevada Technology In the News…

 

Curated from Work begins at $1B Switch data center east of Reno – My News 4 – KRNV, Reno, NV

 

Curated from Construction underway at Switch data center site near Reno

EB-5 Program Benefits for the Foreign Investor

We know that one of the major EB-5 Program benefits to Companies/Project Developers in the United States is to create jobs through Foreign Investment. But, how does the EB-5 Immigrant Investor Program benefit the Foreign Investor?

There is no one simple benefit. Instead, the unique blend of benefits and flexibility are numerous, making the EB-5 Immigration Program an ideal option for a number of qualified applicants. Benefits include:

• Retirees who are self-sufficient and want to reside in the United States
• Parents who want a child to study in the United States and obtain in-state tuition
• Foreign nationals who are reaching the 6 year limit for their H-1B visa status
• A foreign national investor in a US business who does not want to be active in the day-to-day operations of the business
• Spouses of permanent residents
• Foreign nationals with an urgent need, or desire, to become a permanent resident
• Foreign nationals who need/want to relocate to a stable region
• Many other foreign nationals who may have no other options for legal status in the United States

Nevada State EB-5 Regional Center is ideal for high net worth foreign investor because:

1. USCIS approval of a project offers a potential investor a level of security.
2. The added benefit of “in direct and induced employment creation” formulation for the EB-5 investor, assisting in meeting the job-creation requirement of an investment.
3. The passive investment-nature of the limited partnership role with the New Commercial Enterprise. The role of a limited partner satisfies the management requirement imposed by federal regulations, while simultaneously relieving the EB-5 investor of responsibility for day to day business operations. As a limited partner, the investor has limited policy-making involvement, yet no day-to-day management authority. Thus, for the vast majority of immigrant investors not interested in management of the business, the EB-5 Regional Center program offers the most attractive investment option.
4. Live anywhere in the US. Another advantage of the Regional Center program is that the investor is not required to live in the same geographic location as the investment. Rather, he or she can live anywhere in the United States.

To learn more about the EB-5 Immigrant Investment Program visit:

USCIS.gov or NVEB-5.org

Or call the Nevada State EB-5 Regional Center direct at: 855.498.6360

Nevada Economic Development Conference May 19-21, 2015

The Western Nevada Development District will be holding Stronger Economies Together, 2015 (an economic conference) May 19th through 21th, 2015 at the Joe Crowley Student Union on the University of Nevada, Reno campus. The purpose of the event is to encourage dialogue and education about Nevada economic development challenges and future opportunities.

At least 500 community leaders, policy makers and government officials from throughout the region are expected to attend the event which will focus on a wide-range of discussion topics highlighting Nevada’s economic path. During the conference, nationally recognized experts in creative economic and workforce development will deliver keynote presentations. In addition to the presentation, the event will provide a pre-conference workshop, institutes and education sessions, offsite tours and networking opportunities. The conference will offer eight sessions addressing: access to capital, agribusiness, energy, infrastructure, manufacturing, mining, tourism, transportation and workforce development as cornerstones of economic growth.

Scheduled keynoter speakers include Don Macke and Deborah Markley, co-founders of the Center for Rural Entrepreneurship; Patrick McGaughey, a nationally known expert on win-win negotiations and building business-education partnerships; and Jason Broadwater, expert on creative community development and accomplished author. Lynn Beteag, Administrator, for the Nevada State EB-5 Regional Center is also scheduled to present on accessing capital through foreign investment and the benefits of the EB-5 Program; a program implemented by the US Citizenship and Immigration Services (USCIS) which facilitates US economic growth through the EB-5 immigrant investment program allowing international investment leading to local job creation in exchange for immigration benefits.

“The Stronger Economies Together Conference will highlight economic tools and economic information that will benefit anyone with an interest in Nevada’s future economic development. I encourage you to attend,” said Lynn Beteag.

Spaces for the event is still available. For more information or to register for the event, please visit: WNDD.org

Job, population growth to test Nevada’s infrastructure

With the economy in Nevada rebounding, there is revitalized interest in investing in business opportunities within the Silver State. The recent announcement by Tesla to locate its gigafactory east of Reno is just one example of how Nevada is cutting unemployment and growing its population. In fact, the Economic Development Authority of Western Nevada (EDAWN) is projecting an increase, in the region, of more than 50,000 jobs by 2019.

Last year, EDAWN assisted 34 companies in moving or expanding in Nevada. The statistics are intriguing and even more companies are looking at the advantages of domiciling in Nevada.

Please read the complete article below.

If you are a new or expanding business looking for investors, the Nevada State EB-5 Regional Center provides support services that focus on the growth of both existing businesses and new business ventures through foreign capital investments. For more information about the advantages of becoming an EB-5 approved project, please contact 885.498.6360.

Job growth to test region’s infrastructure says EDAWN
Nevada must get ahead of challenges posed by increased economic activity, population, according to Economic Development Authority of Western Nevada.
Check out this story on rgj.com: http://on.rgj.com/1Joe9ef

Nearly five years after Nevada posted the nation’s highest unemployment rate during the recession, the state finds itself facing the challenges that come with a rebound.

 

Curated from Job, population growth to test Nevada’s infrastructure

 

Bringing Local Businesses and Foreign Investors Together

The NVEB-5 Regional Center (located in Carson City, ) is a unique blend of a non-profit and an approved U.S. Citizenship and Immigration Services (USCIS) organization utilizing industry proven processes and procedures. Principally focused on growth of both existing businesses and new business ventures through foreign capital investment, the Regional Center assists foreign investors in navigating the EB-5 program in which they can become fully qualified to obtain a U.S. Green Card for legal immigration into the United States.

On October 20, 2014, the Northern Nevada Business Weekly interviewed NVEB-5 Administrator, Lynn Beteag on the EB-Program. See article below or click here.

A Carson City program that matches job-creating businesses in need of capital with foreign investors who want a U.S. visa is beginning to fill its pipeline of projects. Nevada EB-5 Regional Center, one of 700 regional centers across the country, works under the umbrella of a federal program established in 1990 to encourage foreigners to invest in the United States. But Nevada State EB-5 Regional Center is one of only two in the country established as a nonprofit, says Administrator Lynn Beteag. And the two agencies that oversaw creation of the EB-5 Center — the Hop and Mae Adams …

 

For more information about the Nevada State EB-5 Regional Center, please contact us.