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.