WASHINGTON, DC – September 14, 2020 – Invest in the USA (IIUSA) announces that Argentum has joined IIUSA to advocate for reform and long-term reauthorization of the EB-5 Regional Center Program.
The EB-5 Regional Center Program allows federally authorized “Regional Centers” to pool EB-5 visa applicants’ investments to exponentially fuel U.S. local and regional economies with projects that create and save thousands of American jobs.
IIUSA Executive Director Aaron Grau stated, “a long-term reauthorization can generate more than $9B annually of non-U.S. taxpayer investment into our economy to create and save jobs.” Grau continued, “that’s why we are grateful to Argentum for joining our effort. No one is spared from the nation’s economic crisis including seniors and the facilities that support them. Argentum represents senior living centers across the country and IIUSA hopes it’s voice and its message -that EB-5 investments can become a lifeline to health care and senior care facilities and workers- will resonate with Congress to help finally create a meaningful and long-term program reauthorization.”
Unlike all other visas, federal statute requires that each EB-5 visa applicant make a significant upfront investment into a U.S. economic development project (either $900,000 or $1.8 million depending on where the project is located) AND create or retain at least 10 U.S. jobs; no jobs…no visa.
“Health care facilities’ and especially senior living communities’ resources are stretched entirely too thin as a result of this pandemic,” said James Balda, Argentum President and CEO. “EB-5 investments are good for the American economy and its workers and now more than ever, those workers include front line health care and senior care workers. As the nation looks for untapped resources and proven ideas to support the workers and communities that protect our seniors, we must embrace the EB-5 Regional Center Program. Its unsung ability to create significant financial support for current and future senior living workers is critical. Argentum is proud to join IIUSA on this issue, and we encourage Congress to reform and reauthorize this much-needed program.”
For more information about the EB-5 Regional Center Program and IIUSA’s advocacy, visit www.iiusa.org.
IIUSA is the national membership-based not-for-profit trade association for the EB-5 Regional Center Program. Our members account for a vast majority of capital formation and job creation resulting EB-5 investments.
Argentum is the leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States.