“The federal government had announced in the February budget it was axing its immigrant investor and entrepreneur programs, wiping from a backlogged waiting list tens of thousands of people who had been willing to lend $800,000 interest-free in return for permanent residence. But Alexander told the Post this week a new pilot program to attract wealthy immigrants was on its way. Under the pilot, wealthy immigrants would lend for more than five years at least double the cash they were made to pay under the old program, according to the Post article. The money would be privately managed under the immigration investor venture capital pilot program.”
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