FREE Sign upLogin
Daugaard: EB-5 visa program a tool state should retain

Daugaard: EB-5 visa program a tool state should retain

Gov. Dennis Daugaard says his administration is pushing to maintain South Dakota's participation in an investment-for-visa program to spare investors that might be harmed if it is terminated by the federal government.

Daugaard also said Friday that the EB-5 visa program is a tool that the state should retain.

The state recently asked U.S. Citizenship and Immigration Services to refrain from ending South Dakota's participation in the program, in which wealthy participants are promised green cards in exchange for their investments.

Daugaard says the administration is concerned participating investors "might be unfairly caught in the middle" if it is terminated.

The agency informed the state in September that it intended to terminate participation. Documents submitted in response show there were about 270 investors waiting for green cards earlier this year.



  • South Dakota

Subscribe for News

Site Digest


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. 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.