Taking Your Manufacturing Business Global
"Funding Your Domestic Expansion With International Funds - The EB-5 Foreign Investor Visa Program"
Gary J. McRay, Attorney, Foster Swift Collins and Smith, PC
Guests attending the April 2009 Global Business Club of Mid-Michigan Luncheon had the opportunity to listen to Gary McRay, an attorney and shareholder with Foster Swift, a Michigan-based law firm, speak to the issue of how an immigration program known as the EB-5 Foreign Investor Visa Program may assist U.S. companies in obtaining financing for the creation of or expansion into new businesses. Gary McRay is a business and tax lawyer. Over the last 30 years, Mr. McRay has been involved in assisting Foster Swift’s international clients in investing in the United States, assisting domestic clients in expanding their worldwide markets, helping U.S. manufacturers use certain tax benefits and obtaining funds for new businesses through the EB-5 program.
Mr. McRay was a member of the governing board of a U.S. network of law firms when it was approached by a European network of similar commercial law firms. He and others helped merge the two networks together to form LEXWORK INTERNATIONAL, a network that now gives clients of Foster, Swift access to over 32 firms located in Europe, Mexico, Canada, Asia, and the U.S., with thousands of specialists one e-mail or telephone call away.
Gary McRay has been listed in Best Lawyers in America since 1993 and as a Michigan Super Lawyer since 2007. He and his partner, Tong Sun Suh, formed International Partners of Michigan in the Spring of 2008 and submitted their application to have parts of Michigan designated as a Regional Center in the EB-5 Immigrant Investor Pilot Program. This application was submitted in October of 2008 and is presently pending in the U.S. Citizenship and Immigration Services (USCIS). Gary holds an undergraduate degree in Economics and a juris doctorate degree in law from the University of Michigan.