The Rancon Regional Center was formed to assist real estate development companies in financing their projects through the United States Immigration program known as EB-5. The program originated in 1993, but didn’t gain in popularity until the serious U.S. financial recession that began in 2007. At that time traditional bank and institutional capital sources pulled back and little or no money was available to finance real estate projects. For both real estate developers and non-U.S. investors, EB-5 became a viable alternative.
The premise of the EB-5 program is fairly simple. Non-U.S. citizens can make investments in the United States with a minimum of $500,000 thereby creating a minimum of 10 new jobs per investor. In return for this investment the U.S. Immigration Service will issue Green Cards, allowing the investors and/or family members to emigrate to the U.S.
Regional Centers are authorized to operate in certain counties and certain industry sectors. The Rancon Regional Center is approved to do business in Southern California, in the counties of San Diego, Riverside, San Bernardino, Orange and Los Angeles. Approved industry sectors are Beer, Wine & Liquor Stores, Non-Residential Building Construction, Traveler Accommodation, Office Supplies, Stationary & Gift Stores, Special Food Services, Drinking Places (Alcoholic Beverages), Restaurants and other Eating Places, Personal Care Services and Beverage Manufacturing.