Pine State Regional Center, an affiliate of The Arkansas Capital Corporation Group (ACCG), has received U.S. Citizenship and Immigration Services (USCIS) approval to operate the only Arkansas-based federal Immigrant Investment Program.
USCIS administers the Immigrant Investor Program, also known as EB-5, to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.The program is administered federally by the USCIS, a division of the Department of Homeland Security.
“Pine State Regional Center, as the only EB-5 program based in Arkansas, will sponsor a wide array of commercial projects throughout Arkansas resulting in additional jobs for Arkansans,” said Rush Deacon, acting chief executive officer of Arkansas Capital Corporation. “We are working closely with Arkansas Chambers of Commerce, the Arkansas Economic Development Commission and other local economic development groups to create successful, sustainable industries and jobs throughout the state. Our strong capital position and long operating history in Arkansas will ensure that we have a high probability of economic success in Arkansas.” Continue reading