Posted by: NCRC | July 23, 2011

NCRC Receives Approval for New Project and Expanded Area

On July 19, 2011, The United States Citizenship and Immigration Services approved Northern California Regional Center’s (NCRC) request to amend its regional center designation.

The approval expands the geographic scope of NCRC to include the counties of El Dorado, Placer, Sierra, and Nevada counties of the state of California. These counties have been added to NCRCs current geographic scope which also includes Colusa, Butte, Glenn, Sacramento, San Joaquin, Shasta, Sutter, Tehama, Yuba, and Yolo counties.

The approval also expanded the focus of investment activity for NCRC to include gold ore mining. NCRC is now approved to offer investment opportunities in new commercial enterprises in dairy cattle and milk production, and gold ore mining.

The amendment also approves a new investment opportunity for EB-5 investors with the Ruby Gold Mine Project. The mine is situated in the historic Alleghany-Downieville mining district near the town of Downieville, California. The Ruby mine is one of California’s best-known placer drift mines, and is considered by many to be one of the largest producing channel mines of modern times. The mine has produced many gold nuggets some of which weigh 201 ounces, and has produced over 250,000 ounces of gold.

We at NCRC are very excited about this new EB-5 investment opportunity for investors. It’s is a project that is great for California noting it will generate economic activity, and create jobs here in California. This of course comes at a time when we need it most.

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