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Posts tagged as “EB-5”

NSU to Legislature in 2008: EB-5 Investors Only Want Big Projects

Chairman Gant and Legislature Missed Opportunity for Strong Oversight My friend Scott Meyer asked in a provocative column last weekend why then-Governor Mike Rounds and current Governor Dennis Daugaard chose to focus South Dakota's EB-5 visa investor program on huge…

Rep. Tyler Says Legislature Should Audit South Dakota EB-5 Program

Some of my friends and readers (lots of overlap in that category!) have been asking why we're not hearing more from South Dakota Democrats on the investigations of financial misconduct in the Governor's Office of Economic Development and South Dakota's…

Northern Beef Packers Dealt with Russian Rail Offshore Subsidiary in 2007-2008

Amidst the mind-boggling complexities of the Governor's Office of Economic Development/EB-5 visa/Northern Beef Packers/Richard Benda/Mike Rounds scandal, I find this small kettle of stinky fish. During the first year of construction, Northern Beef Packers made at least three wire transfers…

EB-5 Visa Program Good for Business… Lawyers’ Business

Here's another reason Marion Michael Rounds may have thought EB-5 visa investment was a good program for South Dakota: his lawyer friends stand to make some extra money. The companies that have sprung up nationwide to administer EB-5 visa programs,…

Turkey and Beef Plants Use EB-5 Money to Refinance Loans, Not Create Jobs

Will Huron's turkey plant be drawn into the GOED/SDRC/EB-5 scandal just in time for Thanksgiving? In his solid reporting on South Dakota's newly scrutinized EB-5 visa investor program, David Montgomery notes that Dakota Provisions, the big turkey plant South Dakota…