EB-5 RURAL PROJECT: HIGH-SPEED INTERNET SUPPORTED BY THE US GOVERNMENT
HIGH-SPEED INTERNET PROJECT IN NORTHERN NEW ENGLAND
The high-speed Internet project in Northern New England is the third project in the successful series of previous high-speed internet projects in Virginia & Texas by CanAm. The latest high-speed Internet project in Northern New England is deployed by the combination of the CanAm Regional Center and Consolidated Communication – a unit specializing in providing business communication services and broadband internet in the US. This is one of the largest and most important fiber optic internet projects in Northern New England with an investment of up to 1.5 billion USD.
The EB-5 mobilized capital will help Consolidated finance the installation of broadband fiber optic cables on the infrastructure network based on existing DSL/copper cables to the switching stations located in the “rural area” geographical areas of Northern New England. The deployment of this project will help 80,000 households access high-speed Internet with fiber optics, something that the people here did not have before due to insufficient infrastructure.
CanAm is the first regional center to identify rural broadband internet EB-5 projects at a time when there is a shortage of high-quality rural EB-5 projects.
PROJECT STRENGTHS
CAPITAL STRUCTURE & EB-5 INVESTMENT
Total cost: 3.3 billion USD
Number of investment slots: 100
Investment required: 800,000 USD/ investor
Owner’s capital: 1.067 million USD (32.37%)
High-level loan capital: 1 billion USD (30.33%)
High-level EB-5 loan capital: 80,000,000 USD (2.42%)
The number of jobs expected to be created: an average of 23+ jobs/investor.
EB-5 loan term: 4 years + 1 + 1 (maximum 6 years)
Regional Center and Developer
CanAm Regional Center
CanAm Enterprises, with over three decades of experience in financing immigration-related investments in the United States and Canada, has a proven track record of success. CanAm has earned the trust of more than 6,500 EB-5 investors worldwide, and has invested a total of over 3 billion USD for 65 EB-5 projects. To date, CanAm has repaid over 2.26 billion USD of EB-5 capital, representing 4,530 families. CanAm manages multiple regional centers designated by USCIS across several states.
Investor Consolidated
Consolidated is one of the largest providers of business communication services and broadband internet in the US: The company is also listed on the NASDAQ stock exchange and is one of the top 10 largest fiber optic providers in the United States.
Scale: Over 3,000 employees, over 125 years of business service operations spread across more than 20 states. With 8 core states being most focused are Maine, Vermont, New Hampshire, Texas, Illinois, Pennsylvania, California, and Minnesota. The company’s revenue in 2023 was 1.1 billion USD, profit before interest and depreciation tax was 319 million USD.
