DECD eyes program to attract direct foreign investment
The state may start a visa program designed to bring more direct foreign investment into Maine, Maine Department of Economic and Community Development Commissioner George Gervais told the Sun Journal Wednesday.
Gervais added that Maine is considering setting up a state-run regional center for EB-5 visas, which pave the way for foreign nationals to get a green card if they invest money into the United States. To get the visa, an individual must invest $1 million, or $500,000 in a high-unemployment or rural region.
Gervais told the newspaper that there is an absence of activity within existing EB-5 regional centers in Maine, which is why the state is interested in establishing its own regional center.
His statement came just days after a group of Chinese investors said they bought a property in Auburn and are looking to invest about $40 million in a medical tourism facility.
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