Support new Targeted Employment Area for Richmond Enterprise Zone
Resolution 41-13
In Plain English
The city formally backs creating a special zone that helps businesses get federal funding for job creation. Targeted Employment Areas make it easier for companies to qualify for EB-5 visas, which allow foreign investors to get green cards by investing $500,000 in U.S. businesses. If approved, Richmond businesses in this zone can attract more international investment.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
6 to 0
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