Michigan wins program to cut red tape for foreign firms locating here
Source: Detroit Free Press
Michigan got word Tuesday that it will become only the second state in the nation to get approved as an Employment Based Visa center to ease the bureaucratic burdens facing foreign businesses that want to locate in the state.
The centers, better known as EB-5 centers, act as a one-stop shop to help walk the foreign businesses through the process to get the visas for employees they plan to bring to Michigan.
The designation from the U.S. Department of Homeland Security was requested by Gov. Rick Snyder early this year. The center will work in conjunction with a new department he created — The Office for New Americans — to try and encourage foreign investment in Michigan as well as keeping foreign students who study and graduate from state universities to stay and work in the state.
To qualify for the EB-5 designation, a company must agree to invest at least $500,000 in distressed areas of the state or $1 million elsewhere and employ at least 10 people.
Read more: http://www.freep.com/article/20140408/BUSINESS06/304080132/foreign-investment-michigan-business
What about the Americans dammit? Where's your patriotism, Governor Snyder? I thought Republicans were about love of country!
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