SRC has a successful track record in investment project completion, capital preservation and green card petition approval. SRC has launched five projects in collaboration with Ajin-Wooshin USA, which are auto parts manufacturers and exclusive tier 1 and tier 2 suppliers for Hyundai and Kia motors in the United States. Ajin and Wooshin USA are one of the largest employers in Chambers County, Alabama. These projects have attracted almost $50 million in foreign investments and created sufficient qualified jobs to meet the EB-5 requirement.
To date, we have maintained 100% approval rate on all I-526 and I-829 petitions. This means we have completed the full circle of EB-5 process: we have partnered with investors, garnered I-526 and I-829 approvals for them, and—finally—returned their original capital. This is an accomplishment only a handful of regional centers in the U.S. have achieved.
We believe the success of our investors is rooted in the high-quality investment opportunities we offer. Our team performs in-depth and rigorous due diligence on every potential project based on strict and selective criteria. We strive to achieve our investors’ goals by maximizing the success of their green card status and providing security of their capital. For example, in our Ajin-Wooshin auto manufacturing projects, we negotiated reasonable loan terms with borrowers and strategically structured optimal model for loan security that provided our investors maximum protection.
We pursue projects with manageable sizes and sustainable business models to ensure they are EB-5 compliant and viable for the long run. As we move on to develop future projects and diversify our portfolio of projects, we will continue to work with experienced experts on immigration law, securities law and economic analysis to ensure the ultimate goal of obtaining permanent residency and timely return of capital.