EB5 Capital’s Portland Hilton Canopy (JF14) Project Receives I-829 Approvals

WASHINGTON, Aug. 23, 2023 (GLOBE NEWSWIRE) — EB5 Capital, a prominent leader in the EB–5 investment industry, is pleased to announce that investors in their Portland Hilton Canopy (JF14) project have started receiving I–829 approvals from the United States Citizenship and Immigration Services (USCIS). USCIS issues I–829 approvals, or permanent residency, to investors who have met USCIS's stringent vetting requirements and demonstrated that their EB–5 investment created at least ten full–time jobs for the US economy.

Portland Hilton Canopy, a 153–room boutique hotel, is in the heart of the Pearl District in Portland, Oregon. It features a rooftop lounge with city views, a ground–floor caf, a state–of–the–art meeting and events center, and a 24–hour rooftop fitness center overlooking the neighborhood.

"Obtaining I–829 approval signifies a pivotal moment within the EB–5 immigration process," said Natalia Pronina, Vice President of Investor Relations at EB5 Capital. "The I–829 petition is the second and final petition that investors need to submit to USCIS. Receiving I–829 approvals in a project signals USCIS's confirmation that the necessary jobs were created, and investors are now eligible for permanent residency."

EB5 Capital raised $15.5 million to develop Portland Hilton Canopy, fostering economic growth and job creation in Portland. The project alone has added 769 new jobs to the local economy. Including Portland Hilton Canopy, EB5 Capital has funded 13 hotel projects across the US. Portland Hilton Canopy is a prime example of EB5 Capital's ongoing efforts to stimulate job growth and elevate economic prospects nationwide.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job–creating commercial real estate projects under the United States Immigrant Investor Program (EB–5 Visa Program). As one of the oldest and most active Regional Center operators in the country, the firm has raised approximately one billion dollars of foreign capital across more than 35 EB–5 projects. Headquartered in Washington, DC, EB5 Capital's distinguished track record and leadership in the industry has attracted investors from over 70 countries. Please visit www.eb5capital.com for more information.

Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com


GLOBENEWSWIRE (Distribution ID 8899868)

The Government of St Kitts and Nevis celebrates a year in office with key accomplishments

Basseterre, Aug. 23, 2023 (GLOBE NEWSWIRE) — The Prime Minister of St Kitts and Nevis, Honourable Dr. Terrance Drew, addressed the nation recently on St Kitts and Nevis' Labour Party's (SKNLP) one–year anniversary and outlined some of the Party's successes in that period.

After Honourable Dr. Drew consulted with experts during the pandemic, he made the bold decision to lift Covid–19 restrictions. This decision supported the survival of the tourism sector.

Honourable Dr. Drew, shared on social media his gratitude for the support the government received from local citizens and noted the country's latest developments, he outlined SKNLP administration's critical achievements from August 2022 to August 2023, which include:

Growth in the education sector

The government has significantly reduced student loan interest rates from nine per cent to five per cent at the Development Bank. And student loans received interest–free debt relief for the first time in a little over four years.

The government implemented a "Graduate Finance' Project with ECD$15,000 credit for students with loans at the Development Bank and other banks. With an additional ECD$25,000 grant for students applying and studying relevant undergraduate or graduate programmes.

Sports and recreation

St Kitts and Nevis Ministry of Sports, under the leadership of Samal Duggins, has launched numerous initiatives as part of the government's achievements, such as:

  • Transforming Lambert's playing field to be used to attract more citizens to partake in sports activities on the field.
  • Restoration project in the Warner Park Cricket Stadium to host international games and support the growing tourism sector in the country.

Economic growth

Indigenous financial institutions in the country now provide zero down payment for mortgages, which makes it possible for homeowners to qualify to purchase their dream home on the twin island nation.

The government–subsidised Fuel Variation Charge (FVC), and the cost of fuel and electricity subsided to ECD$9 million per month.

The first Citizenship by Investment (CBI) dividends were paid out to CBI investors in December 2022 and in June 2023, indicating that the St Kitts and Nevis CBI Programme has shown strength in economic development.

During the first year of the new SKNLP administration in office, the government received the highest tax collection through inland revenue, despite no tax increases and new taxes. Small businesses in the country impacted by the COVID–19 pandemic received ECD$20,000 Small Business Loans from the Development Bank.

The government was able to reinstate its Gratuity payouts for retired Government Auxiliary Employees (CAE) with a minimum of 10 years of service.

Growth in the tourism sector

The government increased the number of different airlines to the destination with Caribbean Airlines, InterCaribbean Airlines and JetBlue Airlines to the country's airlift. The "Venture Deeper" tourism brand campaign was launched to diversify tourism initiatives.

Honourable Dr. Drew and his administration welcomed the world's largest cruise liner, Wonder of the Seas, to its port. Additional, extended discounted value–added tax days to three times a year "" in Easter, Summer and Christmas festive seasons. And duty–free import of food up to 400lbs, including a duty–free allowance of US$200 for travellers and non–commercial importers.

Changes in the country's legislation

The Government of St Kitts and Nevis improved its good governance by implementing changes to laws being passed to support and protect the country's diverse communities, which include:

  • A Domestic Violence Act to protect women, men and children who are exposed to and affected by domestic violence.
  • Alterations were made to the Eastern Caribbean Central Bank legislation, and the African Export–Import Bank (Afreximbank) Agreement Act was created for the country to access ECD$1.5 billion of capital to develop projects in electricity and energy, water and various other sectors.

Housing project launched

The government commitment is to build 2,400 affordable hurricane–resilient smart homes in four years that will be built in four phases. Each phase will construct 600 homes, with features for each new homeowner to enjoy, including a water tank and a rooftop water heater in each home.

Growth in the healthcare sector

Honourable Dr. Drew added that there are healthcare initiatives to provide essential healthcare to disadvantaged children through paying for emergency overseas medical care. This initiative saved over thirty sick children in the twin federation.

The above accomplishments were achieved by critical steps to preserve the economy and tourism sector. St Kitts and Nevis' economy ricocheted in the last year with significant growth in the agriculture, financial services, and tourism sectors. As well as advancing the Citizenship by Investment (CBI) Programme, with new regulations to maintain competitiveness in the Caribbean and in the rest of the world.

The government placed emphasis on job creation and permanent employment opportunities for the country's people, these subsequently boost the economy and significantly improve the livelihood of citizens.

The Government of St Kitts and Nevis' vision is to evolve the country into a Sustainable Island State by focusing its governance on integrity, transparency, and accountability. Their commitment is to build a stronger country and empower its citizens.


GLOBENEWSWIRE (Distribution ID 8899755)

Guidepoint Celebrates 20 Years of Innovation

New York, NY, Aug. 23, 2023 (GLOBE NEWSWIRE) — This year, Guidepoint celebrates its 20th anniversary as a leading expert network and research enablement platform, offering solutions that allow clients to obtain essential knowledge to better inform their business decisions.

Since Guidepoint's founding, the company has pursued its vision of making knowledge available to all by expanding to include 17 strategically located global offices, a network of 1.5 Million subject matter experts across all sectors, and a client list of more than 4,500 top organizations around the world.

In recent years, Guidepoint has expanded its product set to include Guidepoint Insights, offering access to more than 750 live events per month and a library of more than 23,000+ transcripts, and Guidepoint Qsight, an alternative data business focused on bespoke curation of market data in the MedTech, Therapeutics, and Aesthetics spaces.

"I'm proud of what Guidepoint has accomplished in the past 20 years, with the support of our dedicated employees, clients, and Advisors." said Albert Sebag, CEO of Guidepoint. "While it's important to celebrate our achievements, we're already looking forward, positioning ourselves to expand our offerings and deliver on a promise of unparalleled expertise and ongoing innovation "" offering knowledge solutions that can create a lasting impact for the firms we serve."

As Guidepoint's products have evolved, so has its focus. With an eye toward the future, the company is making significant investments in original content and technology, intent on serving the broader knowledge needs of its expanded roster of clients.

To learn more about Guidepoint, and the products and services they offer, visit their website at www.guidepoint.com.

About Guidepoint

Guidepoint is a research enablement platform designed to accelerate understanding and empower decision"'making through real–time access to data and hard–to–source knowledge. Backed by the world's largest network of expertise, the company provides critical context and dimension on any topic, letting top companies and investors rapidly turn answers into action.


GLOBENEWSWIRE (Distribution ID 8899725)

Nepal’s Covid-19 Immunization Campaign – An Unlikely Frontrunner

Badri Acharya is currently at the helm of the public health office in Pokhara, a prominent city within Nepal’s Himalayan region and a renowned tourist hotspot. However, in the past, he worked in the field, leading and delivering essential public health provisions in the isolated and demanding terrain of the Manang district-some 198 km north […]

Unlocking Africa’s Potential: Strengthening Partnerships for Sustainable Progress

A community member receiving treatment at Primary Health Centre (PHC) in Daura, Yobe State, constructed and equipped by UNDP with Japanese fund, 5 October 2022. Credit: UNDP

By Ahunna Eziakonwa
TOKYO, Japan, Aug 23 2023 – At this year’s G7 summit in Japan, global leaders emphasized the importance of unity as the world navigates grave threats to multilateralism. The message was clear – trusted global platforms for dialogue and solutions are extremely crucial in current times.

They are right. More than ever before, effective multilateralism is needed to tackle the polycrisis and to create the world we want: one in which there is prosperity for all.

Thirty years ago, The Tokyo International Conference on African Development (TICAD), was launched as a multi-stakeholder forum for Japan and Africa to deepen collaboration, with the facilitation of partners like the United Nations Development Programme (UNDP).

UNDP is proud to be associated with TICAD – not least for it unique in its ability to tackle a wide – range of key issues of critical interest to Africa – like investment, skills training and technology transfer.

Since inception, TICAD’s investments in both aid and investment to Africa extend over the $100 billion mark. In the last three years alone, Japan has implemented 69 projects across Africa.

Ahunna Eziakonwa

COVID -19 delivered a heavy setback to hard-won development gains, pushing millions back into poverty. Before the pandemic, Africa had seen important progress in human development, with living standards improving for a good part of the population. Six of the ten fastest – growing countries in the world were in Africa.

Today, we see regression – with COVID, growing conflict in some parts of Africa, and a cost-of-living crisis triggered by the impact of the war in Ukraine.

The challenges Africa faces today affect global prospects for attaining the SDGs, and put into sharp focus the criticality of effective partnerships. If we are to rescue the SDGs in Africa, we need to invest in opportunities that are foundational to accelerating Africa’s development.

So what is smart investment in Africa today?

It is all about investing in people. In less than ten years, 42 per cent of the world’s youth will live in Africa – and if the continent invests smartly, its young teeming innovators can create technology – led solutions to drive socioeconomic progress.

To secure a bright and prosperous future in Africa, Japan and UNDP are working together to invest in Africa’s people. This breadth stretches from support for inclusive governance, to ensuring women and youth are empowered, to social sectors like health and education.

In Nigeria, over 1000 young people in the conflict affected regions of the North-East and Middle Belt received an 8-week training on community – driven trade, and cash grants to help them set up new businesses. In Kenya and South Africa, young men and women participated in job skills training for car manufacturing in collaboration with Toyota Motor Corporation.

And in The Central African Republic, income generating activity groups were established, offering training in financial independence across sectors such as retail and animal husbandry. This initiative utilized the 5S-Kaizen methodology through a partnership with JICA. Japan’s support to UNDP’s Liptako Gourma Stabilization Facility has resulted in over 3000 women and youth benefitting from cross-border trade infrastructure and increased incomes for highly vulnerable borderland communities.

Literacy Training at Koudoukou Elementary School in the 3rd arrondissement of Bangui. Credit: UNDP Central African Republic, Arsène Christ NGOUMBANGO NZABE

Investing in green growth and trade

As the continent continues to chart its development pathway, with a strong vote for industrialization and diversification, the importance of advanced technological expertise is elevated. The new generation of development partnerships with Africa must frontload technology transfer including on a commercial basis – in areas of agriculture, health, education, energy transitions and smart cities.

A prime illustration is Japan’s Green Growth Initiative with Africa, which promotes green economics and support to just energy transitions with African ownership at the core.

Development of local industries and regional value chains will promote Africa’s industrialization – which both COVID 19 and the war in Ukraine have demonstrated – are key tenets of not just effective but also responsible partnerships.

A recent investment report by UNDP identified 157 SDG investment opportunities across 31 industries in Africa with significant financial and impact potential. The industries range from food and beverage to infrastructure, health care, renewable resources and alternative energy.

These investments now have an even larger network of markets – thanks to the African Continental Free Trade Area (AfCFTA) – the world’s largest trade zone by number of participating countries and geographical coverage.

The Japan – UNDP partnership has proven its worth in stepping into areas of development acceleration. As Africa stands at a critical inflection point, a vital window of opportunity exists to unlock the continent’s full potential – making Africa’s resources work for its people’s development. Now is the time for to step up the partnership. Now is the time to unlock Africa’s promise.

Read more about UNDP’s Renewed Strategic Offer in Africa ( Africa’s promise) here.

Ahunna Eziakonwa is Assistant Secretary-General, Assistant Administrator and Director of the Regional Bureau for Africa, UNDP

Taliban’s Policies Plunge Afghan Women into Poverty and Despair

Beauty salons used to be one of the few places where Afghan women could gather without male control. Credit: Learning Together

Beauty salons used to be one of the few places where Afghan women could gather without male control. Credit: Learning Together

By External Source
Aug 23 2023 – In July of this year, the Taliban issued a decree that resulted in the closure of hair salons and beauty parlors across Afghanistan. This directive aligns with the extreme Islamist policies now governing Afghanistan, which aim to confine women strictly within their homes.

A total of 12,000 predominantly women-led businesses have been closed down in Kabul, the capital city, and 33 other provinces. The Women’s Hairdressers Union estimates that each hair salon employs on average three women

This action followed a prior decree in December of last year, which prohibited women from working in non-governmental organizations that provided humanitarian assistance particularly beneficial to women. Many of these organizations have subsequently closed down their operations in the country.

A total of 12,000 predominantly women-led businesses have been closed down in Kabul, the capital city, and 33 other provinces. The Women’s Hairdressers Union estimates that each hair salon employs on average three women.

“I was profoundly disheartened by this news,” expressed Shabnam (pseudonym), who added, “My friends were so sad that they started to cry. I tried to cheer them up, but I understand that nothing can be harder than losing your source of income and being the family’s only breadwinner.”

The closure of humanitarian organizations particularly affects women. These organizations note that female employees play a vital role due to their better understanding of women’s challenges, enabling tailored aid delivery to specific needs.

According to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), 25 million Afghan families live below the poverty line, earning less than two US dollars daily.

Before the Taliban’s return to power two years ago, numerous women held significant positions within government, non-governmental roles, as well as in national and international institutions in Afghanistan.

However, the Taliban, following a particularly stringent interpretation of Islam, intends to dismantle such progress, and it is women who bear the brunt of this policy.

 

This beauty parlor was discreetly situated on a side alley, but it is now also closed. Credit: Learning Together

This beauty parlor was discreetly situated on a side alley, but it is now also closed. Credit: Learning Together

 

Access to higher education has been denied to women, and they are prohibited from working outside the home – leading to economic sanctions imposed by the international community.

Several decades of warfare have devastated the Afghan economy, resulting in many households being headed by women as the sole breadwinners.

Mina (pseudonym), who reluctantly closed her salon, lamented: “Losing my job was very heavy for me because I am the guardian of four children who are under 18 years old, and all their expenses and responsibilities are on me.”

This story was produced by Learning Together, a voluntary network of Finnish female journalists. The author is an Afghanistan-based female journalist, trained with Finnish support before the Taliban take-over. Her identity is withheld for security reasons.

Excerpt:

The author is an Afghanistan-based female journalist, trained with Finnish support before the Taliban take-over. Her identity is withheld for security reasons.

International Systems Are Key for Ethiopia’s Security and Development Amidst Renewed War

There are still tens of thousands of people in need of health services including surgical interventions from the previous war that left almost 600,000 people dead. Credit: James Jeffrey/IPS

There are still tens of thousands of people in need of health services including surgical interventions from the previous war that left almost 600,000 people dead. Credit: James Jeffrey/IPS

By Abdo Husen
ADDIS ABABA, Aug 23 2023 – Less than a year since warring parties in Ethiopia signed a peace agreement, the country is on the brink of renewed bloodshed following escalating hostilities between government forces and the Fano militia in the Amhara region.

Government forces accuse the militant group of plotting a coup; while the militia maintain their marginalization in the post-war reconstruction arrangements including the peace process itself. Additionally, conflict in the Oromia region remains active and unresolved.

The Ethiopian government must leverage international systems and structures to mobilize external investment for healthcare, including quality and safe surgical care. A good starting point would be right at home with the African Union (AU). The AU has the power and influence to marshal financial and diplomatic support for its host country

As the poignant African adage goes, when mighty elephants fight, the grass gets trampled. Indeed, the common Ethiopian continues to get caught in the crossfire. They suffer the deleterious effects of a brutal conflict on all sectors of the economy including health. Unless a long-term solution is found, post-war reconstruction efforts in the past 9 months will be negated.

The Ministry of Health in collaboration with development partners had begun rebuilding health infrastructure and resourcing facilities. These include the rehabilitation of 69 hospitals and 709 health centers. The destruction of these facilities is imminent if hostilities between parties to the conflict continue to escalate.

Today, there are still tens of thousands of people in need of health services including surgical interventions from the previous war that left almost 600,000 people dead.

My recent visit to Tigray and Afar regions helped me see firsthand the current reality regarding the dire need for surgical services emanating from conflict. At Ayder Comprehensive Specialized Hospital, I met 9-year-old Selam* (not her real name) who is suffering leg bone fractures and an open wound on her knee. She is a blast survivor. Unable to extend her leg due to immense pain, she had to limp her way to the hospital using two canes taller than her height. It took her two years to make it to the hospital due to the long distance and transportation costs. Sadly, she must still wait for hospital admission as the waiting list is very long.

For Selam and patients like her, the next best time to provide surgical care to restore functionality to their limbs and improve their shot at returning to school is now. There is a potential to leave tens of thousands disabled if they do not access surgical services and associated therapies. Yet, these disabilities are preventable.

In Mekelle – the regional capital of Tigray, unpublished health and regional administration records show that there are over 20,000 patients waiting for plastic and orthopaedic surgery from injuries sustained in the previous war. Compare this to the supply-side that points to only two plastic and reconstructive surgeons available to cover the demand.

With their current weekly surgical output, it is going to take 8-10 years to provide much-needed surgery to all their patients. These depressing statistics will only get worse if a lasting resolution to the conflict in other parts of the country is not urgently arrived at.

Additionally, surgical care for congenital anomalies – including cleft conditions- have long been relegated since the COVID-19 pandemic hit as most elective surgeries were pushed back. Furthermore, the previous conflict in Tigray made them less priority as the health system faced a total collapse and every effort was directed towards emergency trauma care.

At one Hospital alone – Ayder, there are over 500 registered cleft patients waiting for surgery. The hospital has recently restarted providing cleft correction surgeries. However, the workforce is overstretched, and stockouts of essential supplies hamper their ability to provide the services at scale. With the new outburst of hostilities in Amhara and unresolved conflict in Oromiya, this situation is set to worsen.

In the previous Tigrayan war that spilled over to other parts of the country, sexual and gender-based violence was highly reported. There are often breakdowns of social and legal protections in conflict situations. Consequently, perpetrators take advantage of vulnerable women and children.

In fact, United Nations investigators reported that rape was used a weapon of war. This has far-reaching negative health repercussions including mental health disorders. If this new war between the federal government and the Fano militia is not curtailed, the human cost, particularly borne by women and girls, could be even worse than previous conflicts.

Moreover, conflicts result in the disruption of health systems and delivery, resulting in preventable morbidity and mortality. The lack of well-resourced health facilities also increases the chances of maternal complications such as obstetric fistula that require surgical interventions.

Additionally, consider the long distances that pregnant women are forced to cover due to the destruction of their nearest health facilities. This exerts negative pressure on their physiological and psychological health. Furthermore, the long transit exposes them to added risks emanating from the breakdown of peace and security.

It is a depressing situation. It is important that the federal government and regional administrations in areas that are experiencing peace, prioritize access to health services as a matter of urgency. This prioritization is not only towards catering for the healthcare needs of their populations but also in response to the increased demand from conflict-affected areas including surgical care.

It could be argued that singling out the health sector as a priority for domestic investment is not realistic given the limited resources available to the government for security and the operation of other sectors of the economy.

However, ensuring health is the foundation of efforts to rebuild a functional society that can work towards comprehensive national development.

Therefore, the Ethiopian government must leverage international systems and structures to mobilize external investment for healthcare, including quality and safe surgical care. A good starting point would be right at home with the African Union (AU). The AU has the power and influence to marshal financial and diplomatic support for its host country.

Secondly, the United Nations must step up to its role in this crisis. In September, world leaders convene in New York for the Sustainable Development Goals (SDGs) Midpoint Summit. To fulfil these goals by 2030, the UN must act on its clarion call of leaving no one behind by ensuring that seemingly challenged nations like Ethiopia that are deep in a poly-crisis are brought along. This can be done by facilitating neutral party-led talks with the government and the rebels.

Additionally, the United States as a key governmental partner whose geopolitical interests in Ethiopia are vast and have long been secured must be reciprocal with goodwill in this time of need. However, the onus remains on the government towards preventing a total collapse of the peace and its attendant consequences.

Ethiopia cannot do it all on its own.

All parties to the current conflict have a responsibility to respect international humanitarian law and the right to health. Above all it is not long ago that we have seen the power of dialogue to peacefully resolve conflicts in Ethiopia. In the same vein, the peaceful resolution for the renewed conflict has importance going beyond the health care and surgical services. Without this, innocent civilians will continue to suffer preventable injury and deaths.

Abdo Husen is a Program Coordinator at Operation Smile Ethiopia and a Global Surgery Advocacy Fellow