Why Support the EB-5 Program?
USINFO | 2014-05-20 14:21

• Since FY2005, it has attracted over $4.7Billion in foreign direct investment, accounting for the creation of over 95,000 American jobs - all at no cost to the taxpayer.

• With over 3,200 immigrant investor petitions filed in the first six months of FY2013, the Program is well on its way to another recording breaking year of economic contribution to the U.S.

• There are currently almost 6,000 pending immigrant investor applications pending with the federal government - awaiting on decisions upon which almost $3.0Billion waits, ready for infusion into the U.S. economy for the purposes of U.S. job creation.

• It has a history of strong bipartisan support, passing unanimously in the Senate and 412-3 in the House in the 112th Congress - and promptly signed into law by President Obama.
• The Program is versatile, allowing diverse industry sectors to put EB-5 capital to work in projects that transform regional economies - including: assisted-living, commercial real estate, construction, education, energy, entertainment, infrastructure, healthcare, hospitality, logistics, manufacturing, transportation, and more.

• Over 95% of EB-5 investment capital is invested in "targeted employment areas" that are experiencing high unemployment or are considered rural - thereby making traditional sources of financing more expensive and difficult to come by.

• The Program has become a reliable and vital source of capital for local economies - rural and urban.

• Failure to make the U.S. permanently open for immigrant investors would result in the loss of hundreds of thousands of American jobs over the next several years, at a time when capital investment is needed more than ever in the U.S.

• The U.S. is in fierce competition for immigrant investor capital around the world. The EB-5 Program can be most effective with strong support from Congress and reliable processing from USCIS that protects the integrity of the Program (through enforcement and inter-agency collaboration) AND is commercially reasonable and predictable.

 

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