DALLAS, October 15, 2012 – Civitas Capital Management and the City of El Paso, Texas, have entered into an exclusive, public-private partnership to establish the city’s official EB-5 regional center. The Civitas El Paso Regional Center will enhance the city’s economic landscape by enabling qualified international investors to receive permanent U.S. residency by contributing a minimum of $500,000 in local development projects that must create or retain at least 10 fulltime jobs per investor.
“Since the inception of the EB-5 Investor Visa Program, regional centers across the U.S. have served as strong economic drivers, creating new jobs and rejuvenating areas of our communities that need it most”
“Since the inception of the EB-5 Investor Visa Program, regional centers across the U.S. have served as strong economic drivers, creating new jobs and rejuvenating areas of our communities that need it most,” said Daniel J. Healy, chief executive officer of Civitas Capital Management. “The City of El Paso offers a dynamic and attractive market for EB-5 investors. We are proud to partner with the city, and we look forward to strengthening El Paso’s already vibrant economy.” While the new regional center awaits authorization from U.S. Citizenship and Immigration Services (USCIS) to commence operations, Civitas will work closely with the City of El Paso’s Economic Development Division to determine which projects will meet the program’s rigorous requirements and further the city’s economic development goals.
“The City of El Paso is one of the nation’s best performing cities. Our citizens pride themselves on our vibrant culture, commerce-friendly economy and high standard of living. The development of the Civitas El Paso Regional Center will enable us to advance our economic goals by attracting new businesses, creating new jobs and redeveloping underserved areas of our great city,” said El Paso Mayor John Cook.
Dallas-based Civitas Capital Management also operates the City of Dallas Regional Center, which has funded or is currently funding more than $169 million of EB-5 capital and created more than 3,390 new, full time jobs.
About the Civitas El Paso Regional Center
The Civitas El Paso Regional Center is the official EB-5 regional center of the City of El Paso. In a unique public-private partnership, the City collaborates with Civitas Capital Management to provide the highest quality EB-5 investment opportunities to investors around the world.
About Civitas Capital Group
For investors seeking a more progressive and objective evaluation of the options available, Civitas Capital Group is an independent specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Funds and Wealth Management. Civitas evaluates the truth that lies at the core of every investment. We dig deeper, using a rigorous process to evaluate investment opportunities from every angle. civitascapital.com