SRC, partnered with Ajin USA to provide economic development and stimulus to a Target Employment Area (TEA) in rural Alabama. With foreign investment secured by SRC, Ajin USA’s auto manufacturing production lines embody a vision and careful implementation of EB-5 investments for the region’s growing economy. SRC has successfully launched five projects in collaboration with Ajin and Wooshin USA as follows:-

SRC AJIN FUND I, LLC

SRC AJIN FUND II, LLC

AJIN USA FUND III, LLC

SRC AJIN WOOSHIN FUND IV, LLC

SRC AJIN WOOSHIN FUND V, LLC

Ajin USA is in Chambers County, Alabama. It is a subsidiary of its parent company in South Korea. Ajin USA manufactures components of auto parts, body frames, and is a tier 1 supplier to Kia Motors Georgia (KMMG) and Hyundai Motor Company (HMMA). Ajin has had a forty (40)- year- long business relationship with Hyundai and Kia. With leading global auto manufacturers relocating & investing in Alabama, SRC has worked hard to bring EB-5 investments into this industry sector in a geographic location that very much needs economic stimulus for development and job creation, which is the essence of the United States EB-5 program.

Upcoming Project:  SRC AJIN Fund VI 

SRC, is collaborating with Joon Georgia Inc., dba Ajin Georgia, Ajin USA, which directly manages Joon Georgia as a Tier 1 supplier to Hyundai, to produce stamped metal automotive parts, specifically, a new Electric Vehicle (EV) production facility, in a rural area in Savanah, Georgia. The project is located in a rural Targeted Employment Area (TEA) and qualifies at the current reduced investment threshold of $800,000 and for a total of Ninety-nine (99) EB-5 investors for a total of $79,200,000.00 of EB-5 capital. 

Successfully Closed Projects

SRC AJIN-WOOSHIN FUND V - CLOSED

SRC Ajin-Wooshin Fund V, raised $27.5 million from 55 EB-5 investors. The proceeds of the offering were loaned to Ajin USA to acquire and construct new production equipment and assembly lines in its existing manufacturing facility located in Chambers County, Alabama.

This project was pre-approved for EB-5 investments by the USCIS, meaning the project portion of the I-526 petition had been approved for faster and easier immigration processing.

Based on a comprehensive Economic Impact Analysis (EIA) performed by Evan’s, Carroll & Associates, the expansion project accommodated 722 jobs, thus providing sufficient jobs for each investor.

PROJECT SUMMARY

• Project Name SRC Ajin-Wooshin Fund V, LLC
• Total number of EB-5 Investors 55
• Min. Purchase per Investor $500,000
• Tatal Jobs Created 722
• I-526 Approval 100% for those adjudicated
• I-829 Approval Pending Adjudication
• Return Of Investment 100% Return to those qualified

$27.5M

Loan Amount

$500K

Individual Investment

722

Jobs

EB-5 FAQs

Southeast Regional Center, LLC

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