Southern Oak Dental Investment, LLC in raising EB-5 capital to funds the development and operation of dental clinics in Summerville, South Carolina (the "Project")
The project is located in Summerville, North Carolina, and qualifies as a high-unemployment targeted employment area.
The Project will be located at the Trolley Square Shopping Center in Summerville, a rapidly growing suburb of Charleston. Within five miles of the Clinic, the population is growing at a rate that is more than 2.5 times higher than the national rate of growth. The Project will compete with a handful of dental clinics in the immediate area, but the market is far from saturated. Given the size of the population, there is demand for nearly 60 dentists within a five-mile radius, but only 43 dentists are operating. As the population continues to grow and redevelopment attracts more households to neighborhood, demand will only continue to rise, creating ample opportunity for the Company to establish an immediate patient base and build it over time.
The Project is expected to create 20 jobs, resulting in an excess of 10 jobs or approximately a 100% job cushion.
The total cost of the Project is $1,080,000. The Project is raising up to $800,000 through a Private Placement Memorandum dated June 12, 2022.