September 23rd, 2009
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Australia, Canada and the United Kingdom had already done it. Now, America has decided to follow suit and take effective measures to attract the immigrant millionaires from across the world. This initiative has been brought about as a constructive effort that will be beneficial to both sides. The immigrants will be allowed to their long standing wish fulfilled – that is, to become an American citizen and the State will use this opportunity to effectively stimulate the drooping economy. This can be perfectly brought about through investment and the simultaneous creation of jobs.
The details of the concerned initiatives can be obtained from the US Department of Homeland Security. According to the US Immigration Act of 1990, enables the allocation of 10,000 employment-based immigrant visas to the investors who qualify the requirements and their families too. If you take a look at the statistics between 1992 and 2004, you would find that the EB-5 visas were issued on an average of just five hundred each year. There are a number of factors that are responsible for this under-utilization. The fluctuating economic environment, program instability and the other countries offering more attractive immigrant investor programs are just a few of them. So, the government is considering “special handling package options for a higher fee’ in order to attract the immigrant millionaires apart from promoting stakeholders and boosting investor confidence.
Written by srini on September 23rd, 2009 with no comments.
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The owner, president, chairman and CEO of the Red Apple Group is John Catsimatidis. He also owns the Gristedes Foods. There is a subsidiary of the Red Apple Group called the United Refining Company, which is owned by John as well. The Red Apple Group has its shares distributed in the aviation industry and the real estate sector. His business flourishes in the area comprising of New York, Florida and the U.S. Virgin Islands. The Hellenic Times publication is owned and operated by him. He can undoubtedly be considered as a multi-faceted business personality. His achievements and contribution towards the furtherance of his business and economy as a whole has made him the recipient of the Ellis Island Medal of Honor.
Catsimatidis immigrated to the United States as an infant, accompanied by his parents from the island of Nisyros, Greece. He acquired his graduation degree from the Brooklyn Technical High School in the year 1966. His journey towards becoming a millionaire started off in a pretty somber manner. His career began as a mere recruit under his uncle in the supermarket located on the 137th Street. He named his first store in Manhattan, named ‘Seven Eleven’. During the later part of the 1970s, he started his Red Apple supermarket on the 87th Street, adjacent to Broadway. Being a certified jet pilot, it was not hard for him to indulge in the aviation industry.
Written by srini on September 23rd, 2009 with no comments.
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