The Robstown Improvement Development Corporation EB-5 Regional Center received approval for its EB-5 immigrant’s investment application to the U.S. Citizenship and Immigration Service last month paving the way for foreign investors to fund local businesses and create new jobs.
The Robstown Improvement Development Corporation EB-5 Regional Center is the first federally approved EB-5 Regional Center in Nueces County.
EB-5, also known as the Immigrants Investor Program, was created by Congress in 1990 to stimulate the U.S.
economy through job creation and capital investment. Immigrant investors create a new commercial
enterprise or invest in a troubled business, and high net worth overseas investors get an available and
expedient green card option.
Especially appealing for immigrant investors in that the Robstown Improvement Development Corporation EB-
5 Regional Center, has several projects ready to go for 2013, including an inland port and an outlet mall. EB-5
investments range from $500,000 to $1 million and put the investor and his or her family on the path to
permanent residency in the U.S.
“We all win with EB-5. The City of Robstown will be able to create jobs and collect tax revenue from new
developments. Businesses get ready source of capital, and foreign investors get a path to a green card,”
Robstown Mayor Rodrigo Ramon Jr. said
The Robstown Trade Processing and Inland Center is one of the Robstown Improvement Development
Corporation EB-5 Regional Center’s projects. The Inland Port can serve as a storage and distribution hub for
goods shipped from overseas through Mexican or U.S. ports, leveraging the city’s strategic location at the
juncture of several major railways and a prime north-south highway, as well as its proximity to the Corpus
Christi airport and seaport.
The Outlet Mall Project in Robstown, Texas, another project ready for EB-5 investment, broke ground in July
2013. With a prime highway location in the City of Robstown, the outlets will serve a strong residential market
and a popular tourist center. Phase I of the project includes approximately 300,000 square feet of retail space
and is expected to create more than 600 jobs.
The Robstown Improvement Development Corporation EB-5 Regional Center will work with businesses and
others in the region to identify additional projects that might benefit from EB-5 capital.
“We’ve heard two things from immigrant investors from around the world. First, that the Robstown
Improvement Development Corporation EB-5 Regional Center’s Inland Port and outlet mall are appealing
projects, and second, that EB-5 is an attractive investment option,” said Armando B. Gonzalez Jr., Chairman of the Robstown Improvement Development Corporation. “Federal approval for our EB-5 Regional Center means investors can get the immigration process started quickly and we can break ground on these critical and highly anticipated projects.”