Seaway Valley Capital Corporation to Form EB-5 Regional Center
- April 20th, 2010
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April 19, 2010: Seaway Valley Capital Corporation, a diversified holding company with holdings in Harbor Brewing Company, Inc. and Hackett’s Stores, Inc. has executed a term sheet agreement with ACG Consulting, LLC to develop a Regional Center for EB-5 investment. Under the proposed deal, Seaway Valley would have a 49% interest in the Regional Center. The transaction would involve an initial capital raise of $30 million for certain holdings in Seaway Valley. The Regional Center would fund $10 million in projects for Hackett’s Stores, Inc., which would include Patrick Hackett and certain new retail concepts, 000, and$10 million in projects for Harbor Brewing Company, Inc., which would include brewing and baking operations and new restaurant concepts. A tptal ofjust 60 foreign investors would be involved in funding the deal.
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