SAN FRANCISCO, September 9, 2014 – With an eye towards increased job growth and expanding immigration investment into the Bay Area and beyond, the esteemed EB-5 investment organization, San Francisco Bay Area Regional Center (SFBARC) has rebranded as Golden Gate Global (www.3GFund.com)
“San Francisco is our home and our inspiration, a golden gateway to global enterprise and the entrepreneurial spirit,” said Ginny Fang, CEO of Golden Gate Global. “Our connections are made across cultures and across oceans. Our clients are international and our investment opportunities, world class. With new opportunities and new demand, our brand has expanded to meet a continually growing need. We’ve always been international. Now, our name reflects that reality.”
Golden Gate Global (GGG) is federally-designated to facilitate foreign direct investment into the United States through the EB-5 immigrant investor program. This program, operating under the auspices of the United States Citizenship and Immigration Services (USCIS), is designed to both encourage the flow of foreign capital into the U.S. economy and assist in domestic job growth. Under the EB-5 program, foreign investors can receive immigration benefits for investing $1 million, or $500,000 for Targeted Employment Areas, in the United States. Those investments must be shown to create at least 10 permanent, US jobs. Contingent upon the success of creating such jobs, investors and their qualifying family members are offered the prospect, but not a guarantee, of lawful permanent residence in the United States.
“Golden Gate Global, through its EB-5 projects such as The San Francisco Shipyard is a prime example of how government and business can work together to create jobs and grow an economy,” said Fang. “Hundreds of clients from over 12 different countries have invested with us to achieve their family immigration goals while at the same time providing permanent jobs for United States workers and supporting the development of a new community.”
One of GGG’s most prominent projects is the 775-acre San Francisco Shipyard development in the City of San Francisco. The project will create 12,000 new homes, a regional retail center, offices and more than 300 acres of parks.
Data from the USCIS indicate that 6,346 EB-5 petitions were received last year with more than $3.25 billion in capital formation.
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Contacts:
David Perry & Associates, Inc / (415) 693-0583 / news@davidperry.com
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