MI to Run Employment Based Visa Center

Michigan has become one of only two states in the nation with a state run Employment Based Visa center aimed at attracting foreign investors to the state. Governor Snyder says the Michigan EB-5 Regional Center will act as a vehicle to connect eligible foreign investors with potential development projects across the state, which in return could lead to permanent residency for them and their families. To qualify for the EB-5 designation, a company must agree to invest at least $500,000 in distressed areas of the state or $1 million elsewhere and employ at least 10 people. Officials say investors will come from a variety of sources, including individuals and contacts made through Michigan’s colleges and universities hoping to retain and attract current and former students.