In this session of Timely Insight, Foley Partner Bill Guthrie moderated a discussion on how to raise capital for the timeshare, hospitality and golf industries through the EB-5 Program, featuring Foley Partner Curt P. Creely, Of Counsel Alan Seagrave, and EB-5 Investment Strategies Managing Partner Michael N. Kosmas.
The EB-5 Program was established in 1990 by the U.S. Citizenship and Immigration Services for qualified wealthy non-U.S. citizens desiring permanent U.S. residence based on their investments in the American economy. With the current lack of capital in the timeshare, hospitality, and golf industries, you have to be creative in today's environment. Foley's knowledgeable attorneys walked attendees through the EB-5 Program and how to apply the program to their businesses.
Topics for discussion included:
- Establishing a regional center
- Private placement versus general solicitation
- Raising capital