The United States Citizenship and Immigration Services (USCIS) recently approved a new Regional Center under the Immigrant Investor Program, also known as EB-5, in Franklin County, Maine. The new regional center, USA Lifestyles, will include Franklin County and Livermore Falls in Androscoggin County, knows as Greater Franklin County.
The EB-5 program gives potential immigrants the chance to apply for a U.S. visa if they invest in a U.S. business which can be proven to create new employment for American workers. The aim of the program is to foster business growth and job opportunities in flagging economic areas.
Local business leaders and government officials are optimistic about the job creation that the EB-5 program can provide. “This EB-5 designation is certainly welcome news for Franklin County and Maine and will make great strides in providing critical investments at institutions like Saddleback in our state during these challenging economic times. It is crucial we in Congress do everything possible to create an environment for job creation in the U.S. and the EB-5 program has the potential to bolster Maine’s economy,” said U.S. Senator Olympia J. Snowe.
The new center will coordinate investments in local businesses including tourism, construction, and food service. Local ski enthusiasts are taking notice of the impending influx, as reported by the AlpineZone.com.