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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.
EB-5 FAQsSoutheast Regional Center, LLC