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$200M+ EB-5 investments supporting Northeast Ohio job-creating projects

In this week’s “GCP Insight” interview, Steve Strnisha, chief executive officer of the Cleveland International Fund (CiF), discusses the EB-5 program with Nick Gattozzi, vice president of advocacy for the Greater Cleveland Partnership.

Launched in 1990, EB-5 is an employer-based immigration program that allows overseas investors/applicants to invest in job-creating projects. In turn, investors and their families receive conditional residency in the U.S. and, ultimately, permanent residency.

CiF is a regional center that invests EB5 dollars. More than $200M has been raised for Northeast Ohio projects including Phases 1 and 2 of Flats East Bank, Westin Convention Center Hotel, Crocker Park expansion, and University Hospitals’ Seidman Cancer Center and Ahuja Medical Center.

Click to watch and learn more.