Yesterday at a barbecue, a discussion regarding financial investments was raised- and someone mentioned their outstanding investment year after a 100% return on a BRIC fund. (BRICS lump emerging developing markets- Brazil, Russia, India and China into one fund- based on the financial theory that these historically poor countries will become some of the richest in the future).
An interesting local twist on the theory of investing in "emerging poor countries" is developing in our city. NobleOutReach a Washington D.C based company, that helps foreign nationals invest in America, has their eye on New Orleans. In exchange for a $500,000 investment -- Foreign nationals and immigrants will be granted an EB-5 Investor VISA and hopefully a great return on their investment.
NobleOutReach describes theNew Orleans programs on their website as:
New Orleans has transitioned from a city in crisis to a city in recovery. In the aftermath of hurricanes Katrina and Rita, exciting rebuilding opportunities exist. Today, New Orleans is a greenfield of ground floor investment opportunities. Few people have ever seen the opportunities, and even fewer people have taken advantage of them. With NobleOutReachs 30-year exclusive EB-5 investment contract with the City of New Orleans, NobleOutReach and its funds investors are uniquely poised to take advantage of investment opportunities at below market values. The Fund believes that New Orleans market has the potential for a significant rise in values, providing excellent benefits for early investors. NobleOutReach is working to invest private capital in the New Orleans Region to:
- Launch profitable businesses,
- Rebuild troubled businesses,
- Provide Economic Revitalization,
- Aid in the job creation for New Orleans, and most importantly,
- Accelerate the revitalization of New Orleans via capital investments in for-profit businesses designed to bring strong financial returns to the investors.
- The areas of focus include: Motion Picture, Film, and Arts, Lodging, Hospitality, and Restaurants, Community-based Healthcare, and Mobile Medical Clinics, Family Housing, Resort Communities, Retail, Entertainment, and Gaming, Port Redevelopment, Harbor, Marine, and Coastal Rebuilding and Universities.
Amidst all of the bad news that we constantly here about our local economy, this is an exciting new prospect that our little "3rd world" city is intriguing to open minded investors around the world. Currently the company has attracted about 50 wealthy investors from South Korea, China, Britain and the Middle East.
And my personal investment idea for foreign capitalists, My appetite is of the opinion that New Orleans could use even more authentic international eateries, (an Indonesian Rice Table, a Moroccan bastilla joint, a Russian tea room or perhaps even a wild Greek Ouzo Bar...).