Headwaters Regional Center (“HWRC”) was founded by Michael Hoagberg and Brian Nicholson, both Twin Cities natives. They both manage multiple ventures in the Twin Cities area and are very well respected in the community. Michael and Brian’s backgrounds of starting, managing and selling ventures has given them extensive experience and knowledge in structuring companies, sourcing capital, managing organizations and profitably exiting ventures. The HWRC team has international experience in sectors such as Real Estate, Healthcare, Media, Manufacturing, Transportation and Infrastructure.
The Twin Cities is a prime location for EB-5 projects given its stable employment base and attractive investment environment. It is also home to the 5th highest concentration of fortune 500 companies in the U.S., is the 29th largest city by GDP in the world and is a worldwide healthcare leader with companies like the Mayo Clinic and Medtronic .
Headwaters Regional Center projects are managed through our designated Regional Center which covers Minnesota and Wisconsin and is fully approved by United States Citizenship and Immigration Services (“USCIS”).
United States Citizenship and Immigration Services (USCIS) administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth. The visa provides a method of obtaining a green card for foreign nationals who invest money in the United States.
If a foreign national invests $1 million (or in some cases $500,000 within a Targeted Employment Area (TEA), an area statistically proven to be 150% of the U.S. national unemployment rate or rural area) in a business that creates ten new American jobs, the immigrant investor would be eligible to obtain a green card (permanent visa) for themselves and their qualifying family members. An applicant seeking status as an immigrant investor must demonstrate that his/her investment will benefit the United States economy and create full-time employment for no fewer than ten qualified individuals.
EB-5 Investments are broken into two categories: a direct investment by a foreign national into a particular business or an investment into a federally- designated Regional Center. The direct investment is just that – an investment into a specific company. In the direct EB-5 investment, the investor is only allowed to utilize direct jobs to qualify for residency (A permanent green card for themselves and all qualified family members under 21 years old). The direct jobs are those new American jobs created within that particular company (the new commercial enterprise) the investor placed their investment.
A Regional Center is a designation granted by the USCIS to an entity that has satisfied requirements under the regional center regulations of the USCIS. Once approved by the USCIS, the Regional Center has much greater flexibility in that the Regional Center can demonstrate creating jobs through pooling investor funds as well as utilizing indirect as well as direct jobs.
A Regional Center is:
Headwaters Regional Center has assembled one of the most experienced and successful teams in the state of Minnesota. Combined, the team and its partners have more than 75 years of combined real estate and operating experience, which allows them to draw on a depth of knowledge when identifying new trends and designing / building new communities that specifically serve the current needs of the population. The result is high quality communities that consistently outperform the competition and are designed for long term success.
Before we start any project we always consult with the best Immigration lawyers and EB-5 experts to ensure that all EB-5 requirements are met under the USCIS guidelines. We disclose all details of our project to our potential investors to ensure full transparency. We also personally invest our own capital into every project that we sponsor; we feel that confident about each project and we want to be equal partners in every project. Through these measures we do everything to ensure the success of our EB-5 investors.
Our Management team has previously completed very successful EB-5 projects and continues to develop new projects which not only meet USCIS requirements, but exceed them. We ensure that all of the criteria below are met before we decide as a team to sponsor an EB-5 project.
We currently are developing projects in both the Senior Assisted Living and Digital Media fields. For more information about our past and current projects, please contact us.