Renewable Energy Company Aims to Build New Manufacturing Plant and Create Jobs in Florida
MANALAPAN, N.J, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Street Smart Outdoor Corp, a wholly owned subsidiary of Manalapan based Sun Pacific Holding Corp. (OTCQB: SNPW), today announced its engagement of Suncoast Economic Agency (“SEA”) to help prepare a $30 million raise.
“We have engaged Suncoast Economic Agency with respect to the anticipated I-924 exemplar application and regional center affiliation for our proposed project to be located in the state of Florida,” said Nicholas Campanella, CEO of Sun Pacific Holding Corp. “We aim to build a manufacturing plant with the goal of helping create jobs in the United States. Our focus is on the construction of an assembly facility for our bus shelters as well as the manufacturing and production of our LED and non-glass solar panels for use in our product development and worldwide sales.”
In 1990, Congress created the EB-5 Program, or Immigrant Investor Program as it's officially known, "to stimulate the U.S. economy through job creation and capital investment by foreign investors," according to U.S. Citizenship and Immigration Services (USCIS). The USCIS estimates that, since 2012, at least $8.7 billion has been invested in the U.S. economy and 35,150 jobs created through the EB-5 program. Nearly $17 billion in EB-5 funds are ready for redeployment.
5 Biggest Projects In The U.S. Funded By EB-5 Investment
- Hudson Yards: The Manhattan mixed-use project, which included skyscrapers, raised over $800 million in EB-5 funding from 1,200 Chinese families.
- Pacific Park (Atlantic Yards): The Brooklyn mixed-use project, which included the Barclays Center and transit infrastructure, raised over $577 million in EB-5 funding.
- Four Seasons Hotel: The Manhattan Hotel raised over $250 million in EB-5 funding.
- Hunters Point Shipyard: San Francisco Mixed use space with housing units, a mall, and office spaces raised over 250 million in EB-5 funding
- 701 Seventh Ave.: The Manhattan mixed-use project, which included a hotel and retail space, raised over $200 million in EB-5 funding.
About Sun Pacific Holding Corp.
Sun Pacific Holding Corp. (SNPW) uses management's knowledge and experience to serve its customers and now its shareholders through quality service and equipment, working to keep customers satisfied, and by doing our part in protecting the environment with smart green technology. For more information, visit www.sunpacificholding.com.
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