Pflugerville Community Development Corporation

In December of 2012, Floyd Akers, Executive Director of the Pflugerville Community Development Corporation (PCDC), and Ron Reid, CFO of 130 Commerce Center, LLC were referred to TIBA (Texas International Business Accelerator) — a program developed by the International Trade Center to provide high-quality advising services for foreign-direct-investment clients — for assistance on the new 130 Commerce Center, a 160-acre master-planned commercial development in Pflugerville, Texas. The planned commercial development will offer a progressive mix of industrial, office, and retail space.

Strategically located near the new SH 130 toll highway, 130 Commerce Center, LLC has been conceived to exemplify the principles and best practices of mixed-use development, clean energy, and sustainability. It will provide high quality, state-of-the-art facilities and infrastructure to become a leader in the commercial real estate market in Texas.

An EB-5 Regional Center referred the team at 130 Commerce Center, LLC and PCDC to Sr. International Business Consultant Jaime A. Martinez of TIBA. The first set of projects completed in 2013 was to assist in qualifying the development as a Targeted Employment Area (TEA) — an area with at least 150% of the national unemployment rate — and to develop their investment business plan in order to qualify for the US Citizenship and Immigration Services (USCIS) EB-5 Foreign Investor Pilot Program. Both the TEA designation and the investment business plan are needed to approve the project for the EB-5 program which requires that: 1) foreign investors commit $500,000 – $1 million, or more, in a U.S. business and 2) create 10 jobs per investor; in return investors are eligible to obtain residency after 2 years, and may be able to obtain citizenship after 5 years with a full return on their investment. The EB-5 foreign investment funds will assist for the construction of the 130 Commerce Center developments and other infrastructure needs.

Jaime and his team worked closely with Floyd Akers and Ron Reid to perform a study of the development area for a TEA designation as well as the creation of an investment business plan to provide to the USCIS in support of their EB-5 application.

Once off the ground, 130 Commerce Center, LLC is expected to generate hundreds of new jobs in Pflugerville in the coming years. With TIBA’s extensive experience in the EB-5 Foreign Investor Pilot Program, they look forward to helping the City of Pflugerville, and others, generate many new jobs and further capital investment. TIBA is planning more foreign-direct-investment projects with 130 Commerce Center, LLC and PCDC in the coming few years.

To learn more about 130 Commerce Center, visit www.130commercecenter.com.

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