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The Role of CCFI
The Carolina Center for Foreign Investment deploys immigrant investor capital into projects that meet program criteria, including job creation and growth through sustainable LEED® certified development opportunities across South Carolina. CCFI only invests in qualifying projects located within Targeted Employment Areas (TEA). These qualifying projects require a lesser capital investment of $500,000.
CCFI seeks to be the leader among EB-5 regional centers through operational excellence, superior financial performance, and investor satisfaction. It is the goal of CCFI to provide each investor with the necessary program credentials to obtain their permanent residency visa.
CCFI focuses on the following six target industries:
Tourism and Hospitality
Manufacturing and Trade
Mixed- use development: hotel, retail, office and residential space
Role of Carolina Center for Foreign Investment (CCFI)
The General Partner has retained The Furman Co., Investment Advisory Services, LLC (FIAS) to manage day to day operations of the CCFI Regional Center as well as investment and due diligence analysis. Each offering limited partnership will enter into and advisory agreement with FIAS to provide certain advisory and administrative services to each limited partnership. (See "Role of FIAS") For a better understanding of the roles of all entities, CCFI has provided a chart that describes the CCFI Entities and Business Roles.
The day to day management of each limited partnership will be conducted by the General Partner. Some of the duties of the General Partner, to be set out more fully in the limited partnership agreement included in the offering materials for the relevant limited partnership, are:
- Recommending qualifying investments to limited partners
- Determining that proposed qualifying investments meet the minimum investment criteria
- Determining that proposed qualifying investments meet the criteria for job creation under the program
- Monitoring the target business with respect continuing qualification under the program
- Monitoring the qualifying investments and the financial performance of the target business
- Supervising FIAS’s performance of its obligations under the Advisory Agreement
- Updating limited partners on the investment with semi-annual reports
- Calling meetings of limited partners, as necessary
- Maintaining limited partnership books and records
- Retaining lawyers, auditors and other professionals as may be required on behalf of the limited partnership
Role of The Furman Co., Investment Advisory Services, LLC (FIAS)
FIAS will be retained pursuant to an advisory agreement to be entered into by the General Partner on behalf of each limited partnership to provide certain advisory and administrative services, as follows:
- Identifying proposed qualifying investments
- Completing due diligence investigations with respect to proposed qualifying investments
- Providing accounting and reporting services in connection with qualifying investments made
- Monitoring qualifying investments for job creation and other compliance requirements under the Program
- Assisting qualifying businesses in obtaining future financing
The advisory agreement will be included in the offering materials for the relevant limited partnership and will set out the fees and other compensation chargeable by FIAS for its services under the Advisory Agreement.