John Burson  edited Friday, July 5, 2024

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CMB Group 91 Receives I-956F Approval in Record Time: A Milestone for EB-5 Investors

CMB Group 91 has achieved a remarkable milestone by receiving its I-956F approval from the United States Citizenship and Immigration Services (USCIS) in less than five months. This swift approval is a new benchmark in the ‘High Unemployment’ EB-5 investment category. The approval enables USCIS to begin adjudicating I-526E petitions of the 99 limited partners in Group 91, demonstrating the project's strong foundation and appeal to foreign investors.

Record-Breaking I-956F Approval in the History of EB-5 Visa Program

The rapid approval of the I-956F application underscores the credibility and efficiency of CMB Group 91's EB-5 project. The I-956F approval process is crucial for EB-5 investors as it signifies the project's compliance with USCIS standards, ensuring the investment is secure and legitimate. This record-breaking approval time highlights the efficiency of CMB's processes. It reflects the USCIS's commitment to prioritizing high-quality projects within the ‘High Unemployment’ set-aside category introduced by the EB-5 Reform and Integrity Act of 2022 (RIA).

What are CMB EB-5 Projects? How Do They Impact EB-5 Investment Opportunities?

CMB EB-5 projects focus on various sectors, including real estate, infrastructure, and commercial development, often in targeted employment areas (TEAs) such as high-unemployment or rural regions.

CMB Group 91, often called CMB Group 91: DTW Air Cargo is an EB-5 investment project managed by CMB Regional Centers. This project involved providing $79.2 million in financing for constructing a 302,600-square-foot air cargo facility at the Detroit Wayne County Metropolitan Airport (DTW). The project is part of the ‘High Unemployment’ set-aside category under the EB-5 Reform and Integrity Act of 2022 (RIA), which aims to encourage investment in areas with high unemployment rates. The facility will be utilized by a significant Fortune 500 air cargo operator, further enhancing its economic impact and job creation potential.

EB-5 Regional Center Approval: A Crucial Step for Foreign Investors

Approving CMB Group 91's EB-5 project as a regional center is a significant step for foreign investors. The EB-5 regional center program offers investors a streamlined and secure pathway to U.S. residency. By investing in a regional center like CMB Group 91, foreign investors can benefit from reduced risk and enhanced project oversight, making it a desirable option for those seeking a reliable route to U.S. citizenship.

CMB Group 91's Project: A Boost to the US Economy and Job Market

CMB Group 91: DTW Air Cargo provided $79.2 million in financing for constructing a 302,600-square-foot air cargo facility at the Detroit Wayne County Metropolitan Airport (DTW). DTW is one of the world’s largest air transportation hubs, with more than 1,100 daily flights to and from four continents. The facility will be utilized by a Fortune 500 major air cargo operator, further boosting the project's economic impact and job creation potential. This development not only enhances the infrastructure at DTW but also promises significant job creation, contributing positively to the local and national economy.

EB-5 Investment: A Pathway to US Residency and Citizenship

The EB-5 visa program offers foreign investors a unique opportunity to obtain U.S. residency through investment in qualifying projects. Investors must meet specific requirements, including a minimum investment amount and creating at least ten full-time jobs for U.S. workers. By investing in projects like CMB Group 91, investors secure a future for themselves and their families in the United States and contribute to the country’s economic growth and job market. The swift I-956F approval of CMB Group 91 highlights the program's effectiveness in facilitating efficient and secure investment opportunities.

Conclusion:

CMB Group 91's I-956F Approval Opens Doors for EB-5 Investors. The rapid I-956F approval for CMB Group 91 sets a new standard for EB-5 investments, demonstrating the project's viability and the efficiency of the USCIS in processing high-priority applications. This milestone offers promising prospects for foreign investors seeking a secure and expedited pathway to U.S. residency through the EB-5 program. 

For more information on current EB-5 investment opportunities, please contact us.

Sources:

1. USA ( EB-5 Investment Visa) - Prowiden Overseas. http://prowiden.com/usa-investment-visa/
2. CMB Group 91 Receives I-956F Approval in Record 5 Months. 
   https://finance.yahoo.com/news/cmb-group-91-receives-956f-003300538.html