SOURCE: U.S. Immigration Fund

US Immigration Fund

March 26, 2014 12:15 ET

U.S. Immigration Fund Appoints Ambassador Charles Gargano as Executive Director

NEW YORK, NY--(Marketwired - March 26, 2014) - U.S. Immigration Fund, a national leader in EB-5 financing, appointed Ambassador Charles Gargano as Executive Director of the organization March 1, 2014. In this role, Gargano will oversee the future development and success of the U.S. Immigration Fund portfolio of USCIS-approved Regional Centers.

Charles Gargano has spent more than 20 years in public service at the State and Federal level, serving Presidents Ronald Reagan and George Bush, and New York Governor George Pataki. His governmental roles have included:

  • Deputy Administrator of the Federal Urban Mass Transportation Administration in 1981;
  • Ambassador to the Republic of Trinidad and Tobago from 1988 to 1991;
  • Chairman and CEO of the Empire State Development Corporation and Vice Chairman of the Port Authority of New York and New Jersey from 1995 to 2007. 

Prior to entering public service, Mr. Gargano, a Professional Engineer, was a partner in Posillico Construction and Engineering Corporation for 21 years.

As Executive Director of U.S. Immigration Fund, Gargano will be responsible for business development and relationship management, project negotiation and operational oversight.

"I am confident that Charles Gargano will be an undeniable asset to our company," explains Nick Mastroianni, President of U.S. Immigration Fund. "His successful career in both the public and private sectors is indicative of his drive to form reliable, long-lasting partnerships and dedication to improving not only New York City, but the U.S. as a whole, through well-planned growth and development."

Mastroianni continues, "We look forward to a long and prosperous future with Mr. Gargano."

Mr. Gargano will primarily represent U.S. Immigration Fund's New York Regional Center, a Manhattan-based operation that will facilitate over $1 billion in EB-5 financing through 2014.

About U.S. Immigration Fund
U.S. Immigration Fund provides worthwhile opportunities for foreign investors and their families to obtain permanent U.S. residency through the EB-5 Visa Program. U.S. Immigration Fund has partnered with investors and leading developers to facilitate more than $3.5 billion in real estate development and more than $900 million in EB-5 financing, which will create more than 27,000 U.S. jobs.

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