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CHARTER SCHOOL PROJECTS Phase 8- Lake Worth, Florida

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Page 1: CHARTER SCHOOL PROJECTS - canreach.com · Charter School Projects!!Phase 8 - Lake Worth , Florida!! Project Overview ! Foreign investors seeking U.S. green cards via the USCIS EB-5

CHARTER SCHOOL PROJECTS

!Phase 8- Lake Worth, Florida

Page 2: CHARTER SCHOOL PROJECTS - canreach.com · Charter School Projects!!Phase 8 - Lake Worth , Florida!! Project Overview ! Foreign investors seeking U.S. green cards via the USCIS EB-5

Charter School Projects Phase 8 - Lake Worth , Florida!!!!Project Overview !Foreign investors seeking U.S. green cards via the USCIS EB-5 investor immigration program may lend the specified sum of money to an experienced construction developer to build a first-rate American charter school.

The building developer, ESJ is a well-established operator in the region, having already built several local charter schools, which are currently serving more than 15,000 students.

Once construction is complete, the school facility will be made available to Charter School USA for official operation with the state of Florida. The government of Florida will provide steady income for each student for the school’s operating costs, and will oversee the school’s financial and academic performance, as it does for all public schools across the state.

School Location: Lake Worth , Florida

The property is located in Lake Worth – a city in Palm-Beach County with 35,786 residents. 22% of population is under 18 yrs of age. The medium house income is $37,288. The property is located in a very dense area and developed area of Palm Beach County.

Palm Beach County is the largest county in the state of Florida in total area, and third in population. As of 2010, the county's estimated population was 1,320,134, making it the twenty-eighth most populous in the United States.

The Finished Facility

The completed school will occupy a 6039 square-meter site in Lake Worth and have a c apac i t y fo r 1145 s tuden t s – f rom Kindergarden to grade 8

Financial Stats !!!Total Cost: $ 14,7 Million (estimate) !Invested by Promoter: $ 3.7 Million (estimate) !Loan from Investors: $ 11 Million !Investor Capacity: 22 Immigrant Investors !Unit of Individual Investment: $500,000 !EB-5 Visa Job Creation Requirement: 220 Jobs (or 10 jobs per Investor) !Assessor’s Prediction for Job Creation: 329 jobs

Investment Detail per Investor !$500,000 - Investment in the project !$55,000 - Management and Legal fees ( I-526 petition) !Note: The investment will remain in escrow until the Investor’s approval by the USCIS of the I-526 Petition and will only be released in the project after approval only.