Data Source: Peer-Reviewed EB-5 Economic Impacts Studies

Prepared by: Lee Li, Policy Analyst, IIUSA

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Highlights of the EB-5 Contributions to the U.S. Economy in FY2014 – 2015:

Download of the EB-5 Economic Impact Fact Sheet

Download EB-5 Economic Impact Data by State & by Congressional District

Download the Datasets on IIUSA Member Portal:

EB-5 Economic Impact Data by State
EB-5 Economic Impact Data by Congressional District

Read the Peer-Reviewed EB-5 Economic Impact Studies:

Quantitative Assessment of the EB-5 Program: Economic Impacts and Contributions to the U.S. Economy 2014-2015

According to Western Washington University Center for Economic Business Research, the EB-5 Regional Center Program (the “Program”) generated $11.2 billion in capital investment in FY2014 and FY2015, accounting for 2% of the total foreign direct investment (FDI) net inflows to U.S. In addition, investment and spending associated with the Program supported 207,000 American jobs in FY2014 and FY2015, accounting for 4% of total job growth across all private sectors in U.S. over that two-year period.

READ THE FULL REPORT

Economic Impact and Contribution of the EB-5 Immigration Program 2013

In fiscal year (FY) 2013, the EB-5 Regional Center Program (“the Program”) contributed $2.0 billion in foreign direct investment (FDI) to various projects throughout the U.S. that promote regional economic development. In addition, the Program contributed $3.58 billion to U.S. GDP and supported over 41,000 jobs at no cost to the public purse.

READ THE FULL REPORT

Economic Impact of the EB-5 Immigration Program 2012

During 2012, spending by EB-5 investors also contributed $447 million to federal tax revenues and $265 million to state and local tax revenues. This is more than a 2-fold increase from the average annual impact result reported in 2011.

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Economic Impact of the EB-5 Immigration Program 2010-2011

This is the first peer-reviewed economic impact report commissioned by IIUSA based on comprehensive government data including I-526 and I-829 approval and denial statistics for each Regional Center in the country and subsequent analysis of I-924A filings. The analysis articulates that spending associated with EB-5 investors contributed $2.65 billion to U.S. GDP and supported over 33,000 U.S. jobs during 2010-2011

READ THE FULL REPORT

Methodology

The economic impact studies use a comprehensive dataset of EB-5 investor petitions and EB-5 Regional Center investments along with well-established economic modeling methods to determine overall positive impacts on GDP and job growth as well as federal, state, and local tax revenue from EB-5 investments, household spending by immigrant investors, and other EB-5 related spending. Economic benefits are measured by state, congressional district, and by impacted industry sector.

The study was conducted by David Kay of Alward Institute for Collaborative Science and peer-reviewed by Professors Eric Thompson and Hart Hodges, Past Presidents of Association for University Business Economic Research (AUBER).

These are three economic impact reports commissioned by IIUSA based on comprehensive government data including I-526 and I-829 approval and denial statistics for each Regional Center in the country and subsequent analysis of I-924A filings to track the impacts down to both geography and industry sector.

A breakdown of the physical location of the investments in “new commercial enterprises” and “job creating enterprises” that Regional Centers fund throughout the year, along with North American Industry Classification System (NAICS) codes to track industry sector impacts adds further context to the data.