Foreign investors seeking a direct route to the United States of America via the EB-5 immigrant investor program are offered the unique opportunity to invest as little as US$500,000* in a first-rate American Public Charter School project. The investment will take the form of a secured loan made to MG3 Developer Group, an experienced and successful developer of multiple charter schools in the state of Florida. Once built, the Project will be managed and operated by Bridge Prep Academy Charter Schools.
In the form of a subsidy per student, Bridge Prep Academy Charter Schools will receive a source of steady income from the local government and the state of Florida to cover for the school operating costs. As they do for all schools across the state, the government will remain responsible of overseeing the school’s financial and academic performance of Bridge Prep Academy Jacksonville - Atlantic
Description and Location of the School
Bridge Prep Academy, a new public charter school (grades K-12), will be built at 6400 Atlantic Boulevard, Jacksonville, Duval County, Florida. The construction will commence in mid 2016 and the school will be delivered in August 2017, for a capacity of 1,550 students.
* Plus management and legal fees
Total estimated cost:
23.08 Million US$
Amount invested by the developer:
4.58 Million US$
Loan from Investors:
18.5 Million US$
Number of investors:
EB-5 Visa’s Job Creation Requirement:
424 jobs (10 jobs per investor) reached
Amount: $500,000 US$
Management Fees: 45,000 US$ (excluding Legal fees & Application fees)