Civitas Capital Group Partners with the City of Fort Worth and the Fort Worth Chamber of Commerce to Establish Exclusive EB-5 Partnership
DALLAS, Oct. 3, 2013 /PRNewswire/ -- Civitas Capital Group, a leading independent specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Funds and Wealth Management, today announced that it has entered into an exclusive EB-5 cooperation agreement with the City of Fort Worth and the Fort Worth Chamber of Commerce.
Through this public-private partnership, an operating model pioneered by Civitas, the Civitas Texas Regional Center will operate as the only officially designated EB-5 regional center for the City and Chamber and will facilitate substantial and valuable economic development within Fort Worth, Texas.
Fort Worth Mayor Betsy Price stated, "Fort Worth has always been an All-American city and one of the fastest growing of its size in the U.S. Through our partnership with Civitas, we will continue to foster a thriving business environment and create jobs while raising the profile of Fort Worth among international investors."
"Our partnership with Civitas will enable us to attract international financial support and advance economic development projects that may not have garnered the necessary investments before," said Fort Worth Chamber Chairman and Jackson Walker L.L.P. Managing Partner Susan Halsey. "The opportunity to leverage foreign capital will make Fort Worth even more competitive and successful as it works to bring new businesses to our dynamic community."
Through its EB-5 Funds division, Civitas is currently the exclusive manager of the City of Dallas Regional Center, which has funded or is in the process of funding more than $280 million of EB-5 capital and has created thousands of jobs in the city of Dallas, Texas.
"I'm pleased with this development as it recognizes our unique ability to align interests," said Civitas' Chief Executive Officer Dan Healy. "Through public-private partnerships, we're able to independently align cities' economic initiatives with the goals of our individual and institutional investors. We pioneered this approach with the City of Dallas and are pleased to implement it in Fort Worth, a city with which we have developed an intimate relationship. In the days ahead, we will work diligently to identify high-quality projects that bring investment and significant job creation into the area."
About Civitas Capital Group
Civitas Capital Group ("Civitas") is an independent specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Funds and Wealth Management. Civitas evaluates the truth that lies at the core of every investment. We dig deeper, using a rigorous process to evaluate investment opportunities from every angle.
For more information about Civitas, please visit www.civitascapital.com.
About the City of Fort Worth
Fort Worth, incorporated in 1873, is located in Tarrant, Denton, Parker and Wise counties of Texas. The city covers approximately 350 square miles and serves a population of 757,810, making it the 16th largest city in the United States. Services provided by the city include public safety, municipal courts, housing and economic development, planning and development, engineering, street maintenance, traffic control, code compliance, parks operation and maintenance, recreation, library services, public events, and general administrative services. Fort Worth was named an All-America City in 2011, 1993 and 1964. For more information on the City of Fort Worth, visit www.fortworthtexas.gov.
About the Fort Worth Chamber of Commerce
The Fort Worth Chamber of Commerce, with 2,000 member businesses, has been recognized as one of the nation's top economic development organizations. Through business-to-business marketing, educational events, economic development, workforce development and government advocacy, the Fort Worth Chamber assumes a leadership role in making Fort Worth, the 16th-largest city in the U.S., a premier location in which to live, work and do business. For more information, please contact the Fort Worth Chamber of Commerce at (817) 338-3391 or visit fortworthecodev.com.
For investor and media inquiries, please contact:
Civitas Capital Group
Bamboo Lin
Tel: +1-214-572-2328
Email: [email protected]
Ogilvy Public Relations
Justin Knapp
Tel: +1-616-551-9714
Email: [email protected]
SOURCE Civitas Capital Group
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