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BIG RIVER STEEL
TOTAL PROJECT VALUE: $ 870,000,000 USD (FULLY MOBILIZED)
FUNDS FROM EB-5: $ 100,000,000 USD FROM BRIDGE FUNDING
INVESTMENT: $ 900,000
PROJECT MANAGEMENT FEE: $ 70,000
NUMBER OF JOBS CREATED: 2,998 JOBS, 300% MORE THAN THE REQUEST
ANNUAL INTEREST RATE: 0.5% PER YEAR
The only EB-5 project supported by President Donald Trump
Following the extremely successful Phase I with production of 1.67 million tons of steel / year and revenue of more than $ 1.35 billion in 2018, Big River Steel Phase II continues to provide investment opportunities with high efficiency for EB-5 investors. Also, the project is located in a “pure” TEA zone in Osceola City, Missisipi County, Arkansas.
Big River Steel (BRS) is developed by industry leaders in the heavy industry. For example, Koch Industries Corporation was established in 1940, specializing in manufacturing, refining and recycling oil and gas, chemical, energy, mineral industries, etc. with annual revenue of up to 110 billion USD in 2018.
In particular, the President and Vice President of Koch Industries, Mr. David Koch and Charles Koch, were honored by Forbes magazine as the Top 11 richest people in America in 2019.
Information About Project
Total project value: $ 870,000,000 USD (fully mobilized)
Funds from EB-5: $ 100,000,000 USD from Bridge Funding
TEA Zone: A pure TEA region with a population of less than 20,000 people
Investment: $ 900,000
Project management fee: $ 70,000
Number of jobs created: 2,998 jobs, 300% more than the request
Annual interest rate: 0.5% per year
Once completed, Big River Steel Phase II is expected to increase total production to 3.3 million tons of steel, revenue of 2.7 billion USD and EBITDA is expected to be 660 million USD, meeting 30% of domestic steel import demand in the US market.