The Senior Vice President for Worldwide Operations of the CMB Regional Centers is Kraig A. Schwigen. CMB Export, LLC and CMB Summit, LLC were founded by Patrick F. Hogan who still serves as the President of both companies. CMB Export, LLC was authorized as a Regional Center in 1997 under the legacy Immigration and Naturalization Service and the EB-5 Regional Center Pilot Program. CMB, as a Regional Center, pools investor capital from around the world with the ultimate goal of obtaining permanent residency in the United States for their investors and the creation of new American jobs as a result of each investment. Since 2008, CMB has raised $400 million in EB-5 investor capital that has been married up to well over $3 billion in total project spending which has lead to the creation of no fewer than 10,000 new American jobs.
Mr. Schwigen has had a professional relationship with Mr. Hogan since 1998. Mr. Schwigen served with the Rock Island County Sheriff’s Department for over twenty three years. Prior to his retirement from law enforcement in 2008 he rose to the rank of Lieutenant. During his career he was responsible for overseeing numerous divisions within the department including Investigation, Fugitive, Patrol, Professional Standards and Administrator of the County Jail. Additionally, Mr. Schwigen has over fifteen years involvement in the new home construction and real estate development industries, recently completing one of the largest home subdivisions in Western Illinois.
Currently, Mr. Schwigen oversees all aspects of CMB’s worldwide operations including the development and expansion of CMB’s presence in the EB-5 industry and investor marketplace. He is very active in the Invest in the USA (IIUSA) organization and chairs the Best Practices Committee. He and Mr. Hogan have worked closely with the Ohio Department of Development in developing the framework that would allow EB-5 infrastructure investments to become a part of the State’s future infrastructure plans. Mr. Schwigen’s recent focus within CMB has become more related to Project Development as other senior staff have been added and primary responsibilities have shifted freeing up more time for the development of future CMB investment projects.