State of Michigan EB-5 Regional Center
Project developers can benefit from the low cost capital provided by EB-5 investors. The State of Michigan EB-5 Regional Center pools funds from qualified investors to support the financing of major projects. The program requires the development of complex investment and marketing documents and a lengthy timeframe for federal approval. Projects must be of sufficient scale to support the cost of legal, financial and other experts, typically at least $20 million. Projects on a short timeline, or that have near term prospects for securing more traditional financing are not good candidates for EB-5 financing.
The State of Michigan EB-5 Regional Center serves as an intermediary between EB-5 projects and international investors. The regional center is administered by the MEDC, the State of Michigan’s economic and community development authority. The center is one of two state-owned centers in the U.S., providing an established EB-5 resource and a centrally organized process for investors and project developers.
The State of Michigan EB-5 Regional Center markets projects to global investors with a focus on those projects that are closely aligned with state and regional economic development priorities and that are most likely to be attractive to investors or project developers.
The State of Michigan EB-5 Regional Center is owned by the Michigan Economic Development Corporation (MEDC), the State of Michigan’s economic and community development authority and the state’s lead advocate for business and community development. We work in cooperation with our regional economic development partners to expand and attract businesses to Michigan.
Regional Center EB-5 Quick Facts
Number of Approved I-526: N/A
Number of Approved I-829: N/A
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