Media coverage of the EB-5 Program and its growing role in U.S. economic development around the country had a renewed focused on reauthorization of the Program by the September 30, 2015 “sunset” date. Citing job growth, no cost to taxpayers, and benefit to the community, much of the media’s story revolved around the local support of EB-5 thanks to the “on the ground” results that speak for themselves.
Projects such as the New York City Green Transportation Group, which provides for-hire ground transportation, and the Buffalo Niagara Medical Campus reflect the diversity in EB-5 investment opportunities, strengthening the Program’s value to America. There remains an emphasis on the pivotal role that EB-5 Regional Centers play in the EB-5 Program as the facilitator of regional economic development and job creation in local economies. There have also been calls by the media, government officials, Regional Centers, and other EB-5 stakeholders (including IIUSA!) for enhancements to regulatory tools that enhance program integrity.
Below are the highlights from a busy quarter in media coverage on the EB-5 Program, providing further evidence that #EB5isWorking!