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Follow on Google News | CanAm's Jefferson Energy Terminal EB-5 Project Received Exemplar I-526Petition Approval from USCISCanAm is pleased to announce that its Jefferson Energy Terminal EB-5 project received Exemplar I-526 Petition approval from the U.S. Citizenship and Immigration Services (USCIS) on May 24, 2021.
By: Scroll Mantra Private Jefferson Terminal is an energy infrastructure expansion project sponsored by Fortress Transportation and Infrastructure Investors (https://www.ftandi.com/) "The opportunity to obtain USCIS pre-approval of the Jefferson Energy Terminal project provides a great deal of assurance and predictability to both our project and our investors," said Tom Rosenfeld, CanAm's President and CEO. CanAm knows how much uncertainty there is in the EB-5 Program, both for the projects that depend upon EB-5 financing and for the immigrant investors waiting to learn whether their investments will make them eligible for conditional permanent resident status. CanAm diligently prepares and submits Exemplar I-526 Petitions for its projects so that the businesses relying on EB-5 financing and the investors contributing such capital can receive assurance as soon as possible that USCIS has deemed credible and reasonable the underlying project business plan and job-creation methodology, and therefore is likely to defer to its favourable determinations when adjudicating the investors' related individual I-526 petitions. Walter S. Gindin, CanAm's Director of Legal Affairs, adds, "We strive to make sure that each submission to USCIS seeking pre-approval of a new project addresses any possible concerns that USCIS may have. We work closely with each project during our due diligence process to make certain that all the project-related information necessary to obtain approval of the Exemplar I-526 Petition Business Plan, Economic Impact Analysis, and supporting documentation is included in our Exemplar filings, to preempt any follow-up by USCIS in a Request for Evidence or Clarification. Our track record attests to that." "With the EB-5 Program reauthorization deadline approaching, being able to tell a prospective investor that a project has been pre-approved by USCIS is hugely meaningful," End
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