2014 Quarterly Media Review (Q3): EB-5 is Working

10.07.14 | Archived

With three quarters of the year in the books, now is the perfect time to review media coverage of the EB-5 Program thus far in 2014. The growth of the EB-5 Regional Center Program continues to underscore a narrative that the infusion of capital to development projects in communities around the country is good for America.
As EB-5 stakeholder continue to push for a permanent and successful immigrant investor program in the United States, a unifying theme has emerged. And that theme is EB-5 is Working. The selected quotes below represent a growing consensus that EB-5 stands for long-term job creation and diversified economic development while maintaining high ethical standards.

“The fact that the EB-5 program has grown exponentially in the last few years — even with more stringent risk requirements than similar programs in other countries — says a lot about the global desire to be part of the American dream…Congressional Districts across the country are seeing the benefit of EB-5 investments in their communities and should pass these reforms to permanently authorize the EB-5 program. With job growth continuing to fluctuate and the competition for investment dollars increasing, we need EB-5 on the list of strategies to help keep our economy growing.”

-Peter D. Joseph, Executive Director, IIUSA 

“We are proud of Washington’s standing as one of the strongest investment markets in the United States, and welcome the economic development made possible through the EB-5 program”

-Vincent Gray, Mayor, Washington, D.C. 

Regarding scrutiny of the EB-5 Program by federal regulators: “We applaud it. We want there to be more of it. It has to be made clear what the standards are.”

-Ginny Fang, CEO, Golden Gate Global

“EB-5 is a program that’s a four-way win. It’s a win for US tax payers because it brings in foreign money to help develop projects at no expense to the taxpayer. It’s a win for U.S. workers because it creates jobs. It’s a win for U.S. project developers because it allows them to get money for projects that might not be able to get otherwise. It’s also a win for the foreign investors because they get a green card from their investment in United States.”

Stephen Yale-Loehr; Of Counsel, Miller Mayer LLP; President Emeritus, IIUSA

“Numerous counties have partnered with EB-5 investors to complete much-needed projects that create jobs and spur economic developments.  In Arizona, Pima County Supervisor Ray Carroll and an experienced hospital developer sought the partnership of the Green Card Fund, an EB-5 Regional Center, in constructing Green Valley Hospital.  The 50-bed, full-service general acute care hospital, currently under construction and slated to open in 2015, will create a projected 1,223 direct, indirect and induced jobs in the growing Pima County community.”