As EB-5 investor visa program faces sunset, should it be renewed?
The EB-5 visa program grants permanent resident status to foreign investors who inject $500,000 into a US business that leads to the creation of at least 10 jobs.
Critics call it the “cash for green card” program, proponents say it’s a job booster that the US economy desperately needs.
The EB-5 visa program grants permanent resident status to foreign investors who inject $500,000 into a US business that leads to the creation of at least 10 jobs. Implemented in 1990, the program is set to sunset on Sept. 30.
As Congress prepares to take up its reauthorization, many opponents of the programs are asking whether it should be scrapped entirely.
Guests:
Leslie Berestein Rojas, KPCC's Immigration and Emerging Communities Reporter. Her recent pieces have looked at the impact of the EB-5 program in the San Gabriel Valley
Peter Joseph, Executive Director of Invest in USA, the national nonproft industry trade association for the EB-5 Regional Center Program
John Vogel, Associate Faculty Director of the Center for Business & Society at Dartmouth University who has written about the EB-5 program
Mentions
States
- New York
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.