Flats East Bank project receives $20 million from foreign investors

CLEVELAND -- Wealthy foreign investors have committed $20 million to the Flats East Bank project, motivated by the promise of profits and permanent residency in America. Eddy Zai, an international business consultant in Pepper Pike, is using a little-known immigration program to attract the investment, considered a key to restarting the long-awaited, $275 million plan to bring an office tower, boutique hotel and retail to the east bank. Zai aims to draw an additional $20 million for the project over the next six months. Separately, he hopes to attract $25 million to $50 million a year for projects related to real estate development, the film industry and the new Cleveland Health-Technology Corridor. Forty investors from China, Brazil, Argentina, India and Britain have committed $500,000 each to the east bank. (Source: Cleveland.com June 25, 2010)

Mr. Eddy Zai is President and CEO of Cleveland International Fund Regional Center (CiF).  Artisan Business Group, Inc., has provided cost-effective and professional China market entry advisory and support services to CiF for the past three months. Congratulation to CiF!  For more information about Artisan Business Group and our services, contact us today.