McAllen hoping to enhance investment opportunities with Houston
The city of McAllen is partnering with the city of Houston in hopes of enhancing investment opportunities in the Rio Grande Valley.
The McAllen EB-5 Regional Center Hosting a ceremony at the Cambria Hotel making the partnership official. The EB-5 program was created by congress in 1990 and allows foreign investors who create new job opportunities in the U.S. a pathway to permanent residency for them and their families.
The Cambria Hotel is the first project to be completed under the McAllen EB-5 program.
Roy Rodriguez, President EB-5 McAllen Regional Center, “This is the only project we’ve done and if we want to keep our EB-5 alive we need projects. By coupling our efforts with Houston, which obviously is a very large city, it gives us an opportunity to reach hopefully a lot more people that would be interested in this program.”
To qualify for the program foreign investors must create at least 10 full-time jobs.
- Houston EB 5 Regional Center (former name DC Partners Regional Center)
- City of McAllen EB-5 Regional Center
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