SYRACUSE, N.Y., Oct. 12, 2016 /PRNewswire/ -- BlueRock Energy, an award-winning energy solutions company that provides electricity, natural gas and renewable energy products to businesses and residential customers, today announced that the investors who participated in the Preferred-B Stock Offering under the EB-5 Direct Investment program from December 2014 through August 2015 have all received approvals for their respective I-526 immigrant Petitions for Alien Entrepreneurs by the United States Citizenship and Immigration Services.
Created as part of the Immigration Act of 1990, the EB-5 Immigrant Investor Visa program grants lawful permanent residence to foreign nationals who invest $500,000 in targeted employment areas in qualifying U.S. businesses that create or preserve at least 10 jobs in the United States per investment. To date, 33 such jobs have been created by BlueRock Energy with more expected in 2017.
"We are happy to announce all BlueRock Energy's EB-5 Direct Investors have received their I-526 approvals," said Phil Van Horne, President and CEO of BlueRock Energy. "By utilizing the EB-5 Direct Investment Program, we were able to grow our company with capital from EB-5 investors and create new jobs in our community."
This announcement marks a significant step in BlueRock Energy's growth. In addition to creating dozens of jobs locally in Syracuse, the two million dollars invested in the company through the EB-5 program will allow BlueRock to expand its solar and energy efficient programs within New York and into other states.
This growth and investment plan was assisted by Global Alliance Securities, LLC in New York City. Global Alliance advises BlueRock Energy on investments and liaises with the EB-5 Direct Investment Program.
In the past decade, BlueRock Energy has become one of the most trusted and customer-friendly energy solutions companies in New York State. Inc. Magazine recognized BlueRock as one of the 5,000 Fastest-Growing privately held companies in the United States. The brand has become one of the most recognizable in the energy solutions category across all areas of New York State, and has become an official partner of well-known iconic New York organizations and events, such as the Buffalo Bills, Syracuse Chiefs, New York Islanders, Brooklyn Nets and more.
ABOUT BLUEROCK ENERGY
BlueRock Energy is a privately held energy solutions company that provides electricity, natural gas and renewable energy products to more than 18,000 customers across New York State, Connecticut, Pennsylvania, and Massachusetts. The team at BlueRock provides businesses and residential customers with unique energy plans designed to keep it simple while reducing costs.
To learn more about BlueRock Energy, please visit www.bluerockenergy.com.
ABOUT GLOBAL ALLIANCE SECURITIES, LLC:
Global Alliance dedicated investment banking team serves U.S. companies in obtaining essential capital for the creation of qualified jobs in the United States. Global Alliance works in conjunction with other professionals and utilizes the JOBS Acts and EB-5 Immigrant Investor Program to help U.S. enterprises obtain capital through foreign capital markets.
Global Alliance advises and guides U.S. companies in the early phase of their funding, providing advice regarding corporate structure, business plan, and job creation analysis that could qualify clients to gain access to these programs. Global Alliance is proud to provide this service to its clients that benefit our community by creating job opportunities within the United States.
For further information, please visit www.globalalliancesecurities.com
Media Contact: North 6th Agency, Inc. (For BlueRock Energy)
212-334-9753 x123 BlueRock@n6a.com
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SOURCE BlueRock Energy