The Florida Regional Center LLC has signed a $25 million investment partnership with Endeavour Capital Ltd, one of New Zealand’s leading private investment companies, to develop the next EB-5 Investment Visa project in the Florida Regional Center. This latest project is expected to create more than 600, full time, high-level, permanent research and technology jobs and hundreds more indirect and induced jobs in the Town of Jupiter and Palm Beach County.
To obtain an EB-5 Visa, a foreign individual must invest at least $500,000 and create 10 jobs in the United States.
“This is a significant and exciting venture for both companies,” stated Florida Regional Center Manager, Nicholas A. Mastroianni II. He continued to state, “It is a strategic partnering with our USCIS approved regional center program designed to accelerate job creation and economic growth in the United States. The program serves to benefit all parties concerned, with the creation of US jobs through foreign investment. With this particular project, Endeavor is bringing $35M USD to the project and the Florida Regional Center is obtaining financing through foreign investment in the amount of $25M USD using the EB-5 pilot program.”
The Executive Chair of Endeavour, Neville Jordan, says “The notion that excellent ideas and companies can best be taken to the world market by pushing them out from their host country is always going to represent a substantial struggle.” Mr. Jordan continued to say, “The best way to generate profitable growth is to be partnered and embedded in offshore target markets.”
Endeavour looks to embed themselves in the United States markets with the establishment of their North American headquarters in Jupiter, Florida and the development of a state of the art facility, designed to hold research and bio-technology companies, serving as a hub of creation in South Florida. The office building will have a superb setting along the Riverwalk walkway that leads to downtown Jupiter, as well as, the Harbourside Place project, located just one mile to the north. Endeavour Capital Ltd is investing $35M USD in the development, while Florida Regional Center will raise the remaining $25M USD necessary to fund the project, using the EB-5 pilot program to secure foreign investment.
“We have positioned our new entity; Endeavour Sustainable Investment, a Deutsche Bourse listed company, to invest in a wholly owned subsidiary in Florida, USA, as well as, having investment in companies throughout the world, including China. This gives our partnership a well-funded staging post literally in the backyard of the fastest growing state, in the world’s most sophisticated market” stated Mr. Neville Jordan.