CanAm Celebrates More I-526E Approvals - Now, for its Rhoads Industries III Project in Philadelphia
CanAm Enterprises ("CanAm") is thrilled to announce that the first round of Form I-526E petitions for its Rhoads Industries III Project were approved this past week, within just 13 months of their filing. The approvals - eight (8) thus far for the Rhoads III project - are based on investments in a "high unemployment area," as designated by the EB-5...
CanAm Enterprises ("CanAm") is thrilled to announce that the first round of Form I-526E petitions for its Rhoads Industries III Project were approved this past week, within just 13 months of their filing. The approvals - eight (8) thus far for the Rhoads III project - are based on investments in a "high unemployment area," as designated by the EB-5 Reform and Integrity Act of 2022 (the "RIA"). These eight initial I-526E approvals come just days after the first ten (10) I-526E approvals were issued for CanAm's Jefferson Energy II Project in Beaumont, Texas.
The Form I-956F for the Rhoads Industries III Project - which funded capital improvements at a Rhoads Industries' headquarters at the Philadelphia Navy Yard for the construction of critical components for the Department of Defense submarine programs - was approved August 10th.
CanAms General Counsel, Walter S. Gindin, commented, "We are gratified by USCISs swift approvals of the Form I-526E for the Rhoads Industries III Project on the heels of the first Form I-526E approvals of our Jefferson Energy II Project just earlier this week. As I have said already, these actions really do affirm USCIS commitment to adjudicate post-RIA investor petitions."