Palatka, FL: A Central Florida entrepreneur is scheduled to pitch his revitalization proposals to downtown Palatka merchants on Monday afternoon. Marty Cummins of Altamonte Springs will provide Downtown Palatka Inc. members with the details of his project centered on numerous bookshops and book-related festivals.
The meeting is scheduled for 6:15 p.m. in the conference room at the Chamber of Commerce, 1100 Reid St. It is open to the public.“It will be an extensive question-and-answer session,” Downtown Palatka Inc. President Sam Deputy said.Cummins proposes to lead the rebirth of the downtown area through a theme aptly named “Booksville.” The idea has been successful in several European downtown redevelopment projects, he said. Initially, Cummins wants to establish core businesses consisting of a dining and bookshop business, a nonprofit banquet hall, a deli and book recycling shop.....
To attract the attention of foreign investors, Cummins would like to take advantage of the EB-5 Visa Immigrant Investor Program. It allows foreigners to obtain permanent residency through investing in U.S. businesses.EB-5 investors must provide $500,000. To meet the requirements of the program, that investment must create 10 jobs within two years. Immigration and Naturalization Services sets aside 10,000 visas annually for the program, Cummins said.
This may be an opportunity to enable those wishing for immediate Legal Status to obtain it via EB-5 Visas.
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