CMB Receives CDFA Award for Group VII - Ivanpah
On September 16, 2014, CMB Export, LLC was notified that CMB Infrastructure Investment Group VII, LP and the Ivanpah Solar Electric Generating System would be awarded the Council of Development Finance Agencies (CDFA) Excellence Award.
Rock Island, IL., October 23, 2014 (Newswire.com) - On September 16, 2014, CMB Export, LLC was notified that CMB Infrastructure Investment Group VII, LP and the Ivanpah Solar Electric Generating System would be awarded the Council of Development Finance Agencies (CDFA) Excellence Award. The CDFA announced four California Financing Roundtable Excellence Award winners. Toby Rittner, CDFA President and CEO, stated “The work of our award winners is cutting-edge, innovative, and an example of best practices in our industry.”
CMB’s Senior Vice President, Kraig A. Schwigen, and CMB’s Economist, Noreen Hogan, attended the CDFA awards ceremony to accept the award. The awards ceremony was part of the 2014 CDFA California Financing Roundtable Conference held on October 9th in Long Beach, California. Mr. Schwigen also served as a speaker in this conference in a block of instruction titled “Making the Most of EB-5 in California.”
California Financing Round table Conference Excellence Award for the CMB Infrastructure Investment Group VII Ivanpah solar project on October 9th at the 2014 CDFA California Financing Round table Conference held in Long Beach, California.
Kraig Schwigen, Senior Vice President CMB Regional Centers
Katie Kramer (left), Vice President of CDFA, presenting Kraig Schwigen and Noreen Hogan with the CDFA Excellence Award for the CMB Infrastructure Investment Group VII Ivanpah solar project on October 9th at the 2014 CDFA California Financing Roundtable Conference held in Long Beach, California.
CMB Export, LLC is one of six CMB Regional Centers which are owned and operated by Patrick F. Hogan. CMB Export, LLC is among the oldest, most active, and most successful Regional Centers operating under the USCIS’s investor visa program commonly known as EB-5. The CMB Regional Centers currently oversee approximately $1.5 billion in EB-5 investment that has taken place in 38 EB-5 investment partnerships. Prior CMB EB-5 investment partnerships have distinguished themselves in the EB-5 industry by accomplishing the three primary objectives of EB-5 investors, which are: (1) Obtaining U.S. permanent residency, (2) a return of their original investment, and (3) a rate of return on their investment.
The CDFA award is not the first time the Ivanpah project has received recognition. In August of this year, ‘Power Magazine’ named Ivanpah “Plant of the Year” which is the first time a renewable energy project has won this award. The Ivanpah Solar Electric Plant has been described as the Hoover Dam of the solar industry. This comparison extends even further as Bechtel Corporation helped build the Hoover Dam and they led the construction of Ivanpah. www.ivanpahsolar.com
