Arkansas Capital Corporation Received Federal Approval for EB-5 Immigrant Investment Program

Pine State Regional Center, an affiliate of The Arkansas Capital Corporation Group (ACCG), has received U.S. Citizenship and Immigration Services (USCIS) approval to operate the only Arkansas-based federal Immigrant Investment Program. USCIS administers the Immigrant Investor Program, also known as EB-5, 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 program is administered federally by the USCIS, a division of the Department of Homeland Security. “Pine State Regional Center, as the only EB-5 program based in Arkansas, will sponsor a wide array of commercial projects throughout Arkansas resulting in additional jobs for Arkansans,” said Rush Deacon, acting chief executive officer of Arkansas Capital Corporation. “We are working closely with Arkansas Chambers of Commerce, the Arkansas Economic Development Commission and other local economic development groups to create successful, sustainable industries and jobs throughout the state. Our strong capital position and long operating history in Arkansas will ensure that we have a high probability of economic success in Arkansas.” To be a successful EB-5 project, potential projects must be for-profit and must be able to demonstrate that at least 10 full-time direct or indirect jobs will be created for each EB-5 investor investing into the project. Projects must also locate within federally designated “Targeted Employment Areas,” which are defined as project locations outside of a metropolitan statistical area or outside the boundary or any city or town having a population of 20,000 or an area experiencing unemployment of at least 150 percent of the national average. The Arkansas Capital Corporation Group of companies empower entrepreneurs by providing capital in conjunction with community banks to businesses through its capital availability products and advocating for entrepreneurs through capital, educational, and technological improvements. The Arkansas Capital Corporation Group serves as the platform from which new opportunities are launched. In addition to the flagship company, Arkansas Capital Corporation, there are seven affiliate and partner companies, including, Six Bridges Capital Corporation, Arkansas Capital Relending Corporation, Arkansas Economic Acceleration Foundation, Heartland Renaissance Fund, Connect Arkansas, Pine State Regional Center, and SouthWind Analytics. To learn more, visit www.arcapital.com. Pine State Regional Center, LLC, established in 2013, is an approved Regional Center in compliance with the U.S. Citizenship and Immigration Services’ EB-5 Immigrant Investment Program. Pine State will provide financing to a variety of job-creating projects, deploying foreign investor capital into a range of businesses and projects throughout Arkansas. Although it is a private company, Pine State Regional Center works closely with state and local economic development groups to create jobs and serve as a catalyst for Arkansas’s economy.