In today’s IIUSA Weekly Report, we recap EB-5 media coverage from the fourth quarter of 2014. It is undeniable that the EB-5 Regional Center industry saw tremendous growth and progress over the preceding 12 months. Whether considering investor demand, capital formation or economic impact, it is clear that the EB-5 Program continues to show off its tremendous utility as an economic development tool.
Below are a handful of articles from the preceding three months that show how EB-5 is working for America.
- GAO will audit EB-5 program for investor visas 12/10/14 by Sanjary Bhatt, Seattle Times
- Investor visas offer wealthy foreigners fast-track to green cards 12/6/14, by Lomi Kriel, Houston Chronicle
“We wouldn’t have been able to even start construction by now because of the significant amount of equity we would have had to raise for the project if it hadn’t been for EB-5. It’s a way to have cheaper capital and bring more equity to the table.”
-Acho Azuike, Managing Partner, Houston EB-5 Regional Center
- My view: EB-5 could bring industry to rural AZ 11/21/14 by Kyle Walker, Phoenix Business Journal
- EB-5 is a Catalyst for Economic Development 11/14/14 by William Gresser, Central New York Business Journal
“In Buffalo, Kaleida Health turned to EB-5 New York State Regional Center to supply $10 million in capital to help launch its Gates Vascular Institute, which is now in operation. EB-5 New York State also raised capital from foreign investors for the development of MiGo, a multi-modal transportation structure that is serving Buffalo’s burgeoning medical campus, and for the Health Science Charter School’s renovation of its historic downtown Buffalo building…These projects demonstrate exactly what Congress intended the EB-5 program to do – create new U.S. jobs and spur economic development.”
-William P. Gresser, Director, IIUSA; President, EB-5 New York State Regional Center
- Providing key US access for Chinese investors, 11/10/14 China Daily
“Over the years, we have worked with hundreds of EB-5 clients from over 12 different countries. Most of the families we work with are from Chinese mainland, seeking access to quality international education, employment and lifestyle opportunities for their children…I am proud that, for these families, we helped bridge access to such opportunities in the US. Simultaneously, we are adding jobs to the US economy.
-Ginny Fang, CEO, Golden Gate Global
- Fast-track to U.S. residency 11/01/14 by Eric Peterson, Coloradobiz.com