日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Chinese investors lift previously desolate industrial city of Cleveland

By John Harper | China Daily | Updated: 2016-12-30 07:32

Downtown Cleveland, Ohio, was once so desolate that a city councilman said on public radio that a bowling ball could be rolled down the main street without hitting anyone.

A decline in steel manufacturing jobs-formerly the economic bedrock of the once fourth-largest city in the United States-coincided with urban flight in the 1970s and 1980s, when middle-class residents left Cleveland for more spacious homes in nearby suburbs.

Home values in the city dropped as much as 90 percent in some neighborhoods during the years after the 2008 recession, according to The Cleveland Plain Dealer, and many areas still haven't recovered. From a population of 900,000 in 1950, the city now has about 385,000 residents.

But Cleveland has had a resurgence, so much so that it was the site for the Republican convention in July.

Cleveland has transitioned from a manufacturing center to a more service-based economy. Occupancy rates in apartment buildings have climbed more than 90 percent.

Real estate developers say the city's resurgence might not have happened if they had not received some timely assistance - money - that has come largely from Chinese immigrant investors and the EB-5 visa program.

EB-5 was created to stimulate the US economy through job creation and capital investment. It targets foreign investors who put at least $500,000 into a project that creates a minimum of 10 jobs in an economically depressed region. In return, the investors receive a two-year visa with a good chance of obtaining permanent residency for themselves and their families.

In 2014, the US issued more than 10,000 of the visas and about 85 percent went to applicants from China. This month, the Congress approved a measure to continue funding the program until April 2, 2017, when changes are expected to be made to the program.

The Cleveland International Fund is one of several regional centers in the US designated by US Customs and Immigration to direct EB-5 investments. Of the eight projects built at a total cost of $2.3 billion, the fund claims that foreign investors have provided more than $220 million, and of that amount, Chinese immigrants have been responsible for roughly 85 percent, according to Cleveland International Fund CEO Stephen Strnisha.

Strnisha said that EB-5 financing was a key element for an office building and hotel becoming a reality. That money went into not only the East Bank offices and hotel, but also into a $70 million renovation that created a 484-room Westin Hotel, two blocks from City Hall, he added.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 九九99精品 | 加勒比成人av | 日本久久一级片 | 日本不卡视频一区二区 | 亚洲视频一二区 | 久久免费精品视频 | 自拍偷拍首页 | 天堂中文av | 看毛片的网站 | 成人欧美一区二区三区白人 | 成人福利在线 | 亚洲国产二区 | 精品一区二区在线播放 | 好吊色视频在线观看 | 久久久免费观看 | av免费入口 | 日韩精品无码一区二区三区 | 一级片免费在线观看 | 精品久久久久久久久久久久 | 色人人| 成人黄色在线观看视频 | 日本视频www| 国产一区二区三区18 | 蜜桃传媒一区二区 | 免费污片网站 | aaa一区二区三区 | 欧美成人综合网站 | 国产 欧美 精品 | 丝袜一级片 | 欧美日韩小视频 | 97视频| 瑟瑟网站在线观看 | 欧美日韩精品在线 | 99re视频这里只有精品 | 天干夜夜爽爽日日日日 | 超碰在线观看97 | 亚洲国产成人久久 | 黄色一区二区三区四区 | 播放黄色一级片 | 免费看黄色一级视频 | av午夜影院|