Company OverviewThe Green Detroit Regional Center is a USCIS approved Regional Center that encompasses the Detroit Metropolitan Statistical Area (MSA) and is dedicated to alternative energy projects, renewable energy systems, energy efficient technology, hybrid transportation, and other related manufacturing technology. All of its projects have a goal of reducing carbon emissions, the movement of the nation towards energy independence, and advanced technology manufacturing. GDRC is also dedicated to creating manufacturing jobs in the United States which is currently favored by USCIS.
The Green Detroit Regional Center is part of Green USA Regional Centers and has become one of the most successful USCIS approved EB-5 Centers. Green USA Regional Centers has numerous highly selected projects across the nation. It’s first Regional Center, the Green Detroit Regional Center, was approved by USCIS in August, 2010 and other Regional Centers are in the process of being formed across the United States. In addition to investing in cleantech companies, all of our EB-5 projects have three (3) clear goals: approval of I-526 petitions, approval of I-829 removal of conditions, and the potential return of investment and profit within five (5) years.
GDRC has 100% approval rate on all I-526 filings (with more than 57 approvals for investors from various countries, including Korea, China and India and more pending). GDRC’s key strength is job creation. According to our economist, GDRC-ALTe project will create 30 direct and indirect jobs per each EB-5 investor, the GDRC-Green Box project will create 35 direct and indirect jobs per each investor, and the GDRC-Coherix project will create 30 direct and indirect jobs per each investor. Per USCIS, only 10 direct or indirect jobs per investor is needed in an approved Regional Center. All of our projects also have a clear exit plan: potential return of investment and interest within 5 years or sooner.
GDRC’s business model is designed to attract EB-5 investments by offering foreign investors security and financial profit, plus the incentive of contributing to the betterment of the environment. In other words, investors will be “doing well by doing good.” When possible, GDRC plans to invest in commercial enterprises that have already generated considerable federal and state government support.
Regional Center ManagementSimon Ahn, Esq. is the managing member of Ahn & Associates, LLC and is the Principal and CEO of GDRC, and is responsible for managing the Regional Center.
Organizational StructureAhn & Associates, LLC will serve as the managing member or general partner for a series of limited partnerships or limited liability companies into which EB-5 investors (limited partners or members) will make at-risk capital investments. These entities (SMS 1, SMS 2, SMS 3, etc.) will channel EB-5 capital into job-creating projects in the form of commercial business loans or direct equity investments. The job-creating projects may also accept domestic capital. The job-creating projects will be located in and principally do business in Targeted Employment Areas (TEA’s) within GDRC’s geographic area.
After forming a limited partnership or limited liability company, GDRC will raise capital by recruiting EB-5 investors. In exchange for his or her capital contribution, each EB-5 investor will become a limited partner/member. The limited partnership or limited liability company will then channel the EB-5 capital to the job-creating investment project for which the limited partnership or limited liability company was formed in exchange for a percent ownership of the project or as a loan.
The investment project may also accept domestic capital from other sources and not depend on EB-5 capital. In fact, EB-5 capital is a small amount of GDRC project costs.
Due DiligenceGDRC is actively engaging in due diligence screening of potential investors and all projects receiving EB-5 capital investment. GDRC requires all investment projects to produce the documents necessary for USCIS to ascertain alien investors’ lawful source of funds and that the full requisite dollar amount of capital is in the process of being actively invested or has been invested in order to favorably consider I-526 and I-829 petitions and to ascertain that GDRC as a Regional Center has conducted itself in full compliance within the scope and definition of its USCIS designation based on its I-924 reports submitted annually to USCIS.
Promotional EffortsGDRC’s promotional efforts are in Korea, China, India and Mexico. Kukje Immigration Development Corporation (“KIDC”) in Seoul, Korea continues to handle marketing and recruitment of EB-5 investors in Korea and GDRC has contracts with other agencies to expand its marketing and recruitment efforts worldwide.
Geographic AreaGDRC is a Michigan limited liability company wholly owned and operated by Ahn & Associates, LLC and has received USCIS designation as a Regional Center for the following territories in the State of Michigan: Wayne County, Lapeer County, Livingston County, Macomb County, Oakland County, St. Claire County, Shiawassee County and Washtenaw County (pending).
INDUSTRY TITLE | NAICS CODE1. Manufacturing | 3363
2. Construction | 23
3. Paper Mills Manufacturing | 32212
4. Converted Paper Products Manufacturing | 32229
5. Basic Organic Chemicals Manufacturing | 32519
6. Solid Waste Collection | 562111
7. Paper Manufacturing Machinery | 33329
8. Other Measuring and Controlling Device | 334519 (pending)
PROJECT OVERSIGHT1. Monitoring the Use of EB-5 Capital
GDRC will continue to apply the methods already approved by USCIS to monitor its investment projects’ use of EB-5 capital and job creation, and to maintain documentation and information for GDRC to provide to EB-5 investors for I-526 and I-829 petitions and to the USCIS. These methods are as follows:
As a condition of investment or loan by a limited partnership or limited liability company, GDRC will regularly request and review financial, employment, and other documentation as necessary to ensure that projects properly use EB-5 capital and to track the projects’ progress and the job creation. GDRC will also require each project to produce regular reports documenting its progress, and will review its capital accounts and balance sheets on a regular basis. In addition, GDRC will conduct site visits to job creating investment projects and discuss progress with management.
2. Tracking and Ensuring Sufficient Job Creation
To calculate, verify, and track job creation, GDRC will require each project to produce the data necessary for an economist to forecast the number of indirect jobs that will be created. This data and a job creation forecast will be updated as needed for I-526, I-829, and I-924A filings. Where creation of “direct” jobs is the basis for the job creation determination, GDRC, before investing any EB-5 capital into any individual job-creating project, shall require that project to agree in writing to maintain the records necessary to track direct job creation and to provide those records to GDRC within 30 days of a request for them by GDRC for submission to the USCIS. At a very minimum with respect to any “direct” employment jobs created, GDRC will require each of its projects to produce employment records, including W-2, E-verify employment verification forms if available, and I-9 forms to ensure that at least 10 direct and indirect jobs are created per EB-5 investor.
3. Allocation of Jobs Created
For each project, GDRC will determine how to allocate the total number of jobs created among its investors. This allocation shall be clearly stated in the investment instruments. The allocation shall either be equally among investors or on a “first come, first served” basis.