EB-5 is the only program that creates jobs at no expense to the US taxpayer. If we ignore this opportunity to expand the EB-5 program, the economic recovery will take longer and cost more. Jobs created by the current financial crisis stimulus, cost the US taxpayers between $540,000 and $4.1 million per job. Given the magnitude of this crisis, it’s in the country’s best interest to boost EB-5’s momentum. The program soared during the last financial crisis, enabling US companies to access capital that helped the economy recover. A US Department of Commerce study, EB-5 was a massive contributor to job growth in the country, all at no expense to the American taxpayer. US could miss out on the chance to minimize the overall cost of numerous stimulus packages and save taxpayers money in the process. The EB-5 program has historically provided a capital lifeline in downturns. And as more people face sudden unemployment, the Opportunity Zones initiative and EB-5 investor program will continue to provide jobs to distressed communities across the country. There is a spirit of doing good, which matches up with the built-in social impact of Opportunity Zone investing. https://lnkd.in/d5kfFkU #finance #eb5 #fundraising
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