The chief executive officer of Global Capital Advisors in San Francisco, Kevin Fitzgerald spent nearly 10 years with U.S. Advisor (d/b/a U.S. Advisors). During his time with the company, Kevin Fitzgerald served as an EB-5 Visa Regional Center Sponsor.
Established by Congress in 1990 as a way to encourage foreign investment in the U.S. economy, the EB-5 program requires investors to invest in new commercial enterprises via regional centers. Investors must invest at least $1 million into a U.S. commercial enterprise, using cash, capital equipment, secured indebtedness, inventory, or tangible property. If the investor wishes to invest in a targeted employment area, which encompasses rural areas and areas with high unemployment, the minimum investment amount may be lowered to $500,000.
In addition to meeting the minimum investment amount, investors must create at least 10 full-time jobs for U.S. workers within a two-year period. Investors can also meet this requirement by creating indirect jobs, which occur as a result of capital invested in EB-5 regional centers.