2014 Quarterly Media Review (Q4, Sept. – Dec.)

01.12.15 | Archived

Visit the IIUSA Legislative Action Center to tell your story of U.S. job creation happening all over the country thanks to the EB-5 Regional Center industry!

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.

“The program needs to be made permanent to give certainty to investors and to compete in the global marketplace…The GAO’s review should really capture the Program and how it’s being administered today.”

-Peter D. Joseph, IIUSA Executive Director

“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

“In 2012, local developer Jim McDowell of McDowell Enterprises raised a total of $56 million through his work with the Green Card Fund LLC and EB-5 investors – and in early 2015, Green Valley Hospital’s 50-bed, full-service general acute care facility will open. This state of the art, 150,000-square-foot facility aims to provide treatment to 70 percent of the patients currently traveling to Tucson… The Green Valley Hospital is projected to bring more than 1,200 combined direct, indirect and induced jobs to the region.”

-Kyle Walker, Chairman, IIUSA Membership Committee; Principal & Managing Partner, Green Card Fund LLC

“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

“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

“People who are investing $500,000 is just the tip of the iceberg…EB-5 investors typically invest a multiple of EB-5 money once they have their residency.”