The EB-5 Regional Center Program (the “Program”) was created by Congress in 1992 with the intent of stimulating economic development across U.S. communities through capital investment by foreign entrepreneurs. A variety of economic impact studies have been conducted, both by academics and government agencies, to assess the Program’s impact on the U.S. economy.
In 2013, IMPLAN Group found that capital investment through the Program contributed over $2.6 billion to U.S. gross domestic product (GDP) and created or supported 33,000 American jobs during fiscal year (FY) 2010 and FY2011 (read the full study here). Furthermore, in January 2017, the U.S. Department of Commerce released its assessment on the investment and job creation impact of the EB-5 Program, concluding the Program accounted for almost 170,000 U.S. job creation between FY2012 and FY2013 (read the full report here).
In collaboration with IIUSA, in January 2018, Western Washington University Center for Economic Business Research (CEBR) published a peer-reviewed research (the “Study”) that evaluates the Program’s economic impact in FY2014 and FY2015, the latest economic impact study not only provides valuable insights into the Program’s growth over that two-year period (read the full study here).
In February 2019, IIUSA and EB-5 Investment Coalition jointly published a new study on the economic impact of the EB-5 Regional Center Program finding a total of $10.98 billion of capital investment in EB-5 projects throughout the U.S. supported more 355,000 U.S. jobs, roughly 6 percent of all job gains over a two-year period. The study, prepared by Economic & Policy Resources, Inc. (EPR), estimated the economic benefits and job creation contributions of all EB-5 regional center projects that were active in federal fiscal years 2014 and 2015 using the most geographically robust methodology employed to date and a comprehensive EB-5 regional center project activity data set supplied by IIUSA. The study also showed that the regional center program contributed more than $23 billion in labor income to the U.S. economy and resulted in nearly $55 billion—or 3 percent—added to U.S. economic output. Read the full report here.
The EB-5 Economic Impact Interactive Map (below) demonstrates the robust economic impact generated by EB-5 investments across the country from FY2010 to FY2015.