The Capital Region Economic Development Council today announced that the Center for Economic Growth (CEG) has signed a contract to officially move forward with the first stages of the EB-5 Immigrant Investor Program application which, if successful, would establish a Regional Center to attract foreign investment and create jobs in the Capital Region. The project was awarded $125,000 as part of Governor Andrew M. Cuomo’s Regional Council initiative.
“The Council designated the EB-5 Program as a priority project based on its potential to encourage investment and grow jobs in the Capital Region,” said Linda Hillman, Rensselaer County Regional Chamber of Commerce President and Capital Region Economic Development Council member. “We look forward to a successful application overseen by our partners at CEG and applaud the Governor’s efforts to implement this community driven process that is now driving the future economic prosperity of the region.”
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