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The new report, developed independently by researchers and economists at Fourth Economy, shows the EB-5 program generated $75.2 billion in private investment, created 1.7 million American jobs, contributed $184 billion to GDP, and raised $14.5 billion in tax revenues from 2016 to 2019 alone — all at no cost to U.S. taxpayers. The EB-5 program’s impact was felt nationwide, with states like California, New York, Texas, and Florida seeing billions in investments and hundreds of thousands of jobs created.

Additionally, data analysis shows that each EB-5 investor created 45 American jobs, and that every $500,000 invested generated an additional $1.6 million in private capital beyond the required investment, demonstrating the program’s powerful multiplier effect.

On Feb. 25, 2025, President Donald Trump announced his bold vision for the United States’ investment-based immigration visa. The announcement from President Trump and Secretary of Commerce Howard Lutnick reaffirms the importance of immigrant investors creating new American jobs and driving U.S. economic growth.

Invest in the USA (IIUSA) appreciates the President and Secretary Lutnick’s recognition that investment-based immigration initiatives have driven incredible growth in the U.S. economy. Since its inception over 35 years ago, the EB-5 immigrant investor program has attracted over $55 billion in foreign direct investment to the US from heavily vetted immigrant investors, which has created over 1.4 million American jobs across the country and billions of dollars in tax revenues for federal, state and local governments – all at no cost to the American people or the government.

As the investment-based immigration industry’s leading advocate, IIUSA has been at the forefront of driving reforms and policies to ensure integrity, increased job creation and economic growth and the long-term success of the EB-5 program. These efforts culminated in the passage of the EB-5 Reform and Integrity Act of 2022 which strengthened oversight, increased transparency, enhanced investor protections, mandated background checks, improved fund tracking and expanded USCIS enforcement to ensure integrity and prevent fraud in the EB-5 program.

IIUSA looks forward to working with the Administration and Secretary Lutnick to achieve the President’s bold vision and to ensure that investment-based immigration programs like EB-5 continue to be a powerful tool to drive new U.S. jobs creation and economic growth. Our government affairs team is already hard at work.

On February 27, 2025, IIUSA, through its legal counsel, filed a Joint Status Report (JSR) reflecting the association’s position toward settlement as well as USCIS’s position.

IIUSA’s goal is to have fair and transparent policies that support the entire EB-5 community, including investors, agencies, regional centers, and service providers. As reflected in the JSR, IIUSA ultimately wishes for a sustainment rule that would mirror the intent of Congress. The association agrees with USCIS’s position that a sustainment period tied to the period of conditional residence has become too burdensome for investors. IIUSA believes that USCIS should replace the existing sustainment period regulation with a sustainment period defined by a specific number of years through a proper legal process.

Additionally, IIUSA has proposed to USCIS that those investors that invested prior to a settlement agreement receive the benefit of the October 2023 policy. And for investors that invested after the settlement agreement, IIUSA has proposed that those investors should be subject to the sustainment rule USCIS promulgates following the notice-and-comment rulemaking it would undertake.

It makes clear that IIUSA does NOT want to revert to a sustainment period tied to an immigrant investor’s conditional residency; that doing so is too burdensome and unfair to investors.  IIUSA continues to push for stability in the EB-5 marketplace through legally promulgated rules that consider all stakeholders’ perspectives and input.

Upcoming EB-5 Experts Webinar Series:

In 2024, IIUSA commissioned a new EB-5 economic impact study, its first in nearly five years, to quantify the profound economic impact EB-5 investment has contributed to American communities.

IIUSA’s second quarterly webinar of 2025 is proud to present the findings of this latest EB-5 economic impact study, conducted by third-party economists and an independent research firm, Fourth Economy. The webinar will explore key insights from the report as well as the continued economic impact of EB-5 in the post-RIA era.

Through promotion of the EB-5 program, our mission is to bring economic growth and vitality to the American economy. We strive to cultivate quality, family-sustaining jobs, collaborative investment opportunities, and economic renewal in American communities that need (and welcome) fresh energy and investment through our members’ engagement in the EB-5 industry.

Our members facilitate opportunities for qualified international investors to play an essential role in revitalizing towns, cities, and regions within the United States. EB-5 investments work to generate new jobs and breathe life and optimism into American communities seeking real, measurable, economic advancement.