Rose Law Group Reporter
Attributing the cause to delays with the federal government’s EB-5 immigrant investment program, the already much-delayed PhoenixMart has reduced its workforce by an unrevealed number.
The Casa Grande Dispatch reports Az Sourcing, the world trade center project’s parent company, stated the staff cutback is not a “layoff, because the company expects the workers to return when EB-5 funds come through. The cutback, the company said, will not interfere with construction.
The EB-5 program permits foreign citizens to obtain green cards by investing at least $500,000 in American projects. The company says the project has attracted 300 investors from five continents.
Further details about an FBI raid of Az Sourcing offices in Phoenix have not been released after agents said a former investor was being investigated.
