South Carolina Investment
Ranks #1 in the Nation
(Fortune Magazine)
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:
Technology
Greenville, South Carolina has 70 corporate headquarters with more than 75 Fortune 500 companies including centers for BMW, Michelin North America, as well as dozens of other automotive corporations both American and international; this region has been proven successful in recruiting capital investment in the field of technological research. The foundation of these corporations gives rise to opportunities to cross-pollinate job opportunities across the state of South Carolina to those areas in economic need. The Upstate region has one of the highest rates of engineering professionals per capita in the United States. The Upstate contains the 9th largest number of engineers, scientists, and computer professionals in the United States.
Health Services
Baby boomers and empty nesters are flocking to South Carolina to enjoy the state’s thriving culture, economic opportunities and temperate climate. Baby Boomers and empty-nesters are projected to be the largest growing demographic for South Carolina. This demographic will rely heavily upon and demand abundant, high quality health services throughout the state.
Tourism and Hospitality
Travel and Tourism is South Carolina’s largest industry, with $16.7 billion in annual revenues. This industry employs over 10% of the jobs throughout the state; the hospitality industry will continue to grow as the population grows. South Carolina has become a tourism destination not only because of its pleasant climate but also its low cost of living and diverse ecological systems from the east coast to the western mountains.
Manufacturing and Trade
Manufacturing and Trade is heavily tied to many other components of this state. This area continues to grow and provide jobs for needed rural areas. The Greenville-Spartanburg Metro area is on the top five metropolitan areas for European expansion in the United States as recognized by the New York Times, USA Today, Business Week, and Expansion Management magazine.
Automotive Research
South Carolina’s business leadership has focused in recent years on grouping or “clustering” innovation throughout the state. One such cluster is the Automotive Research industry. In collaboration with Clemson University, the state of South Carolina is currently developing 250-acre site just east of Greenville, South Carolina known as The Clemson University International Center for Automotive Research “CU-ICAR”. CU-ICAR is designed to be the premier automotive and motor sports research and educational facility in the world.
Mixed- use development: hotel, retail, office and residential space
South Carolina Office of Research and Statistics has projected that the state will add 1.1 million new residents to the existing 4 million by the year 2025. Despite the trends leading away from Mixed-Use Development throughout much of the 20th century, countervailing influences, primarily empty nesters and baby boomers, have now brought mixed-use development and urban place-making concepts back to the forefront of development trends around the world. These developments serve as sustainable hubs, creating jobs and gathering places for communities that produce sustainable economic viability for the long-term.
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.