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Thursday, February 14, 2008

Burgh Diaspora: Knowledge Economy Geography for New Pittsburgh

Burgh Diaspora: Knowledge Economy Geography for New Pittsburgh

This article opines that the Rust-Belt, where Nichols & Eberth, PC is proudly located, could be helped by an infusion of capital coming from immigrants. Many people are surprised to hear that one can legally "buy" a green card for between $500,000.00 and $1,000,000.00. Unlike many other countries' investment visas, the US requires that the investor be an active participant in the business venture. However, with careful structuring of the business operation, day-to-day management is generally unnecessary. The investment pilot program started in the last decade but was not widely used. In fact, out of an allocated 10,000 visas, only 3,000 are used each year. Part of this is the shear complexity of the process, while the other hindrances have come in the form of unscrupulous companies preying on investment-minded immigrants.

Going back to the linked story, Detroit could certainly use a capital infusion. With just 250 investors, over $125 million in capital could be invested in Detroit.

Attorneys at Nichols & Eberth, PC are experienced in investment visas, both with the pilot program and stand-alone programs. Should you wish more information, please visit our site at: www. michiganattorney.com .

1 comment:

Frank said...

Sounds like a good program. Why isn't it being pushed by our political leaders.