The EB-5 Loan will finance the construction of a fiber-to-the-home broadband network within Texas, which qualifies as a “rural area” under the EB-5 Program. The $40 million EB-5 loan will support development, construction, installation and equipment purchase expenditures, which will provide high-speed internet access to approximately 14,500 unserved and underserved households and businesses that currently lack reliable broadband service.
An independent analysis demonstrated that the EB-5 project will create more than 29 jobs per investor for 50 total investors.
