Real Estate/Development
Feb. 5, 2011
City Dropped From Investment Program
Victorville has become the first municipality ever to be shut out of a 20-year-old federal program that provides green cards to foreign investors who put at least $500,000 into U.S. development projects.
Daily Journal Staff Writer
Victorville is the first municipality ever to be shut out of a 20-year-old federal program that provides green cards to foreign investors in U.S. development projects.
The High Desert city 100 miles northeast of Los Angeles was cut out of the initiative because officials there solicited investments for defunct transportation and infrastructure projects and misrepresented the number of jobs those effort...
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