Patrick F. Hogan is the CEO and Managing Member of CMB Regional Centers. Mr. Hogan’s considerable experience in the EB-5 investment field dating back to 1994 establishes him as one of the most experienced practitioners in the EB-5 industry. In fact, Mr. Hogan has been involved in EB-5 before the creation of the very first Regional Center Program. CMB, an acronym for California Military Base or Closed Military Base, was formed in 1997. The original focus of CMB was to assist communities that had been devastated by the loss of tens of thousands of jobs due to the closure of several California military bases.
Mr. Hogan exemplifies a true business entrepreneur. Mr. Hogan attended Illinois State University for three years. In 1978, after 3 years in the U.S. Navy Nuclear Power Program serving aboard the USS Whale a nuclear attack submarine, Mr. Hogan began his career as an entrepreneur operating gas station/car washes that he expanded into a chain of four award-winning Shell Oil service stations. At the same time, he built a “Top 100 in the Nation” chain of video stores, several one-hour photo locations and a successful event photography business. In fact, Billboard Magazine rated his video chain as “The Most Exciting Video Store in the Nation.” These multi-faceted operations won numerous marketing and printing awards for their work and employed over 300 people during the 1990’s.
In 1993, Mr. Hogan’s entrepreneurial focus shifted to producing firearms-related books and auction catalogs. The following year, he opened the Rock Island Auction Company, which specializes in the auction of antique and collectable firearms. During 1994, Mr. Hogan began his exploration of the EB-5 program. Mr. Hogan divested his other companies and concurrently grew Rock Island Auction Company and CMB Regional Centers. Today, Rock Island Auction Company is the #1 auction company in the world for antique and collectable firearms, employing more than 100 people with annual revenues approaching $50 million. CMB Regional Centers, meanwhile, has grown to be one of the top three most successful EB-5 Regional Centers in existence.
Mr. Hogan is considered a seasoned expert in the EB-5 industry. He sits on the Board of Directors for the Association to Invest In the USA (IIUSA) and has been an active participant in furthering industry best practices and program reauthorization. Mr. Hogan is a frequent expert panelist on EB-5 issues and has testified about the EB-5 Program and CMB Regional Center’s successes before a State of Ohio subcommittee on Economic Development, as well as providing written testimony at a U.S. Congressional Hearing on the EB-5 industry as a whole.
Kraig A. Schwigen is the President of CMB Regional Centers and was Executive Director and subsequently the Senior Vice President for Worldwide Operations of CMB Regional Centers from 2008 through 2015. Mr. Schwigen has had a professional relationship with Mr. Hogan since 1998. He served with the Rock Island County Sheriff’s Department for over 23 years. Prior to his retirement from law enforcement in 2008, Mr. Schwigen rose to the rank of Lieutenant. During his career, he was responsible for managing numerous divisions within the Department including Investigation, Fugitive, Patrol, Professional Standards, and he was Administrator of the County Jail. During this same time, Mr. Schwigen also supervised the security for Mr. Hogan’s firearms auction company. Additionally, Mr. Schwigen has over 15 years of experience in the new home construction and real estate development industries, and has completed one of the largest home subdivisions in Western Illinois.
Pam Ellis is the Senior Vice President of CMB Regional Centers. Previously, she was most recently the Vice President of Company Operations of CMB Regional Centers from 2013 through 2015. Ms. Ellis manages the organization’s day-to-day operations as well as directs staff members during the detailed construction of all USCIS submissions. Ms. Ellis has over twenty-four years of management and customer service expertise. She obtained a degree in Hospitality Management from Southeastern Academy in Florida. Ms. Ellis served as the Vice President of Visitor Services for the Quad Cities Convention & Visitors Bureau for twenty years, where her duties included managing the Iowa Mississippi Valley Welcome Center. Today Ms. Ellis supervises the various services CMB Regional Centers provides to 4,300 plus clients, as well as supervises over 50 full-time employees.
Noreen Hogan is the Vice President of Company Operations of CMB Regional Centers (“CMB”) where she is in charge of all EB-5 case managers and advises on day-to-day operations. Ms. Hogan has held prior positions in CMB as an Economist and Project Manager working with the project development team where she applied her modeling and analytical skills to TEA determinations, economic impact reports and market research and utilized her past experience in underwriting and finance on the project development team to underwrite and develop EB-5 investment opportunities. Prior to her employment with CMB, Ms. Hogan spent three years at Discover Financial Services. There, in her various roles as project manager, she successfully developed and refined acquisition underwriting strategies. While managing acquisition fraud, Ms. Hogan developed and implemented a fraud strategy that reduced the fraud queue volume by 22% while increasing the fraud capture rate at acquisition which led to a net savings of $4 million annually. Another notable project Ms. Hogan completed, was a refinement of a pre-approved acquisition strategy that reduced the segment’s overall bad rate by 43%, increased profitability by over $10 million annually while only reducing bookings by less than 25%. Ms. Hogan holds a Master’s degree in Economics from the University of Illinois at Chicago.
Ky Boyle has been the Vice President of CMB Asia Market for CMB Regional Centers since 2014. Mr. Boyle has over twenty-five years of leadership and business management experience in the utility and beverage industries. Most recently, Mr. Boyle spent twelve years with MidAmerican Energy Company as an Energy Consultant and Franchise Manager. Mr. Boyle provided consulting services to many major commercial energy consumers, such as 3M Corporation, Hormel Foods, Musco Lighting, the State of Iowa, and major suppliers to John Deere. Mr. Boyle has a Bachelor’s degree from the University of Phoenix and a Master’s degree in Business Leadership from William Penn University.
Mr. Hogan is CMB Regional Centers Vice President of Project Development. Mr. Hogan oversees CMB’s team responsible for the identification, due diligence and underwriting of the projects receiving loans from each of CMB’s EB-5 partnerships and development of each of CMB’s EB-5 partnerships. In his role as Vice President of Project Development, Mr. Hogan is directly involved in the structuring of each of CMB’s EB-5 loans as well as the development of all project related documentation needed to support each USCIS submission. Mr. Hogan is also instrumental in developing and maintaining both new and ongoing business relationships. Additionally, Mr. Hogan oversees the team responsible for the development of CMB’s project specific marketing materials such as project overviews, flyers, brochures and marketing banners. Prior to joining CMB Regional Centers in 2011, Mr. Hogan worked as a Commercial Claims Analyst for Farmers Insurance Group. Mr. Hogan attended Illinois State University where he earned a Bachelor’s degree in History Education and Politics and Government.