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ND/MN EB-5 Regional Center
4200 James Ray Drive
Grand Forks, ND 58203
www.ndmneb5.com
Welcome to a Fast
and Easy way to
Receive a Permanent
U.S. Green Card!
Letter from the CEO
The USCIS EB-5 Regional Center program has fueled
the creation of tens of thousands of new jobs and
the injection of billions of dollars into the U.S. econ-
omy since Congress created the program in 1990. In
the long recession, interest in the EB-5 program has
grown exponentially both from companies seeking
capital and foreign investors who have the capital to
fuel economic growth. The EB-5 program has be-
come even more valuable for North Dakota and
Northwest Minnesota.
The UND Center for Innovation Foundation has built a strong team to help
qualified companies access interested foreign direct investment to grow and
create jobs. We also are linking together a strong network to help us identify
foreign investors who find our region an attractive place to invest in the seven
targeted industries. Our Regional Center team are facilitators and coordinators
to bring companies and investors together.
We appreciate the strong support we have received from state and federal
office holders as well as the trustees of the UND Center for Innovation Founda-
tion. Our team is dedicated to fostering innovation, entrepreneurship, and
private investment. We look forward to working with area leaders in the crea-
tion of good-paying, quality jobs for our residents as we provide investment
opportunities for our new friends from foreign lands.
Sincerely,
Bruce Gjovig, ND/MN EB-5 Regional Center CEO
North Dakota/Northwest Minnesota EB-5 Regional Center Eligible Industries
Aviation/Aerospace Agribusiness Biotech/Bioscience
Construction & Real Estate
IT/Communications
Machinery Manufacturing
Utilities
EB-5 Program Overview
The United States investor Pilot Program, also known as the “EB-5 Regional Center Program,” is a job-creation visa program that was made possible by Section 610 of Pub-lic Law 102-395 (Oct. 6, 1992), and is administered by the U.S. Citizenship and Immigra-tion Services (USCIS).
Under the EB-5 Regional Center Program, federally approved creditors must invest a minimum of $1,000,000, or $500,000 if the project is located in a targeted employment area “TEA.” A TEA is a geographic region with high unemployment rates or otherwise classified as a rural area (population less than 20,000) in a qualified project within the EB-5 Regional Center’s designated region. This investment must create a combined total of at least 10 full-time direct or indirect U.S. jobs. After determining that the in-vestment has generated the necessary jobs and all EB-5 requirements have been met, investors may receive permanent resident status. 10,000 visas are set aside each year for investors interested in the EB-5 program.
What sets us apart from other Regional Centers?
1) The ND/MN EB-5 Regional Center is the only non-profit regional center in the country.
2) The ND/MN EB-5 Regional Center does not take an ownership role in any of the projects they represent. Investors invest directly into the project, not the Regional Center.
3) North Dakota is ranked by the highly prestigious Moody’s Investment Rating or-ganization as the “strongest economy in the USA” and by the latest USA Gallup Poll as the “top job creator in the country by a wide margin.”
4) We conduct thorough due diligence on every project and provide the investor with the information to make an informed decision.
5) Provide serious candidates an opportunity to visit the region to see the booming economy and a number of investment opportunities.
Why North Dakota?
Why Minnesota?
Our Geographic Region
Strong Government Support “I support the UND Center for Innovation Foundation EB-5 Regional Center. The EB-5 program will help our state’s entrepreneurs and economic developers secure the vital investment for employment growth. The UND Center for Innovation Foundation is well positioned to lead this effort as they have been working with entrepreneurs and angel investors successfully for 25 years.” North Dakota Senator John Hoeven “I am pleased to offer my strong support for the UND Center for Innova-tion Foundation EB-5 Regional Center. Our rural economy has been stressed by outmigration, and an infusion of new Foreign Direct Invest-ment under the EB-5 program and the resulting increase in jobs would greatly benefit our region.” North Dakota Senator Kent Conrad “It is my pleasure to provide support to the UND Center for Innovation Foundation EB-5 Regional Center. As the region faces economic hard-ships, it is imperative that local municipalities, counties, government, and the private sector work together toward stimulating the local econ-omy and bringing jobs to the unemployed and attracting new businesses to locate in our region.” Minnesota Congressman Collin Peterson
U.S. Citizenship optional.
(60 months after U.S. entry)
The conditional status of the visa is removed.
Legal counsel files application for removal of conditions I-829.
(21-24 months after U.S. entry)
Investor and family may enter the U.S. within 180 days after approval.
U.S. Consulate interview or adjustment of status.
(Conditional Visa is usually granted at the time of interview)
Investor is notified of U.S. Consulate interview date and receives Appointment Package
for Immigrant Visa Applicants.
Upon approval of I-526, U.S. Department of State issues instruction packet for Immi-
grant Visa Application which contains information and forms for investor completion
prior to scheduling a visa interview.
Legal counsel submits Immigration Petition (I-526).
The investor’s legal counsel, ND/MN EB-5 Regional Center, and investor begin gathering
documents to build the I-526 petition.
Investor chooses the ND/MN EB-5 Regional Center Program and signs the project
documents. The investor deposits the investment and fees into escrow account.
Investor is presented with the confidential ND/MN EB-5 Regional Center project
documents. Investor and his/her advisor review the documents.
Process for Potential EB-5 Investors
Bruce Gjovig EB-5 Regional Center CEO [email protected]
Jordan Schuetzle EB-5 Regional Center Director Jordan.Schuetzle@ ndmneb5.com
Helen Yang EB-5 Regional Center Intl. Development Officer [email protected]
Alexandra Naastad EB-5 Regional Center Project Manager [email protected]
Dr. Cullen Goenner, Phd Economist University of North Dakota
Dr. Yong Hou EB-5 Regional Center Consultant [email protected]
EB-5 Project Consulting Law Firms
Lincoln Stone Stone & Grzegorek [email protected]
Charles Raether AmLaw Group [email protected]
Investment Structure/Investment Package Preparation
Jon Strinden Fredrickson & Byron [email protected]
Joel Lebewitz, CPA, JD, CFF Lurie Besikof Lapidus [email protected]
EB-5 Regional Center Team
EB-5 Regional Center Team Members & EB-5 Service Providers
Christopher Teras Teras & Kim [email protected]
Darren Silver Darren Silver & Associates [email protected]
Regional Center Letter of Approval
