Copper tube manufacturing facility, Reading, PA
READING, PA—A copper tubing manufacturing facility expanded recently with a $35 million loan funded by a CanAm Enterprises EB-5 partnership loan.
CanAm is one of the leading sponsors of EB-5 investments, which are funded by qualified foreign investors who earn “conditional” or temporary two-year visas in return for investing $500,000 in businesses located in high unemployment areas that create or retain at least ten permanent full-time jobs for US workers.
The manufacturing industry, once the backbone of the American economy, has played an especially important role in Pennsylvania's history.
“CanAm and DCED, the Commonwealth of Pennsylvania's economic development agency, were very proud to support retaining and growing an important manufacturing company to the region,” says Tom Rosenfeld, CanAm's president and CEO.
The EB-5 Immigrant Investor Program is administered by the United States Citizenship and Immigration Services. With three decades of experience promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record.
CanAm has financed more than 55 project loans and raised more than $2.7 billion in EB-5 investments. The firm exclusively operates seven USCIS-designated regional centers in the city of Philadelphia, the commonwealth of Pennsylvania, the county of Los Angeles, the Metropolitan Region of New York, the states of Hawaii, Florida and Texas.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
