USCIS Works to Improve the EB-5 Visa Program. Will Congress Follow Suit?

I'd like to share the article by Ali Jahangiri, CEO and Publisher, EB5 Investors Magazine

Some inserts from the article: "The EB-5 program has the potential to provide significant economic benefits to the United States.

But First, What Is EB-5?

For those of you who may be unfamiliar with EB-5, the program allows foreign investors the opportunity to obtain a green card in exchange for investing $500,000 to $1 million in a U.S. business venture with the condition that the investment creates at least 10 full-time jobs per investor--jobs created for hardworking Americans. The investors themselves (and their family members who often immigrate with them) do not count towards this number.

What Are EB-5's Benefits?

The EB-5 program has the potential to provide significant economic benefits to this country, especially to areas that are desperate for economic stimulus. In a case study by economist Dr. Scott Barnhart published in EB5 Investors Magazine, Barnhart examined the total economic impact of a single EB 5 investor, considering the investor's capital contribution as well as his or her household expenditures. Barnhart used a hypothetical economic model to project that if 6,000 visas were issued through the EB-5 program, 46,124 jobs would be created, $3.8 billion would be contributed to GDP, $532 million would be paid in federal taxes, and $371 million would be paid in state and local taxes. These are projections that are certainly hard to ignore."

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