On December 9th, IIUSA launched an advocacy campaign to generate signatures on a letter to be delivered to the 114th Congress in the coming year supporting immediate re-authorization of the EB-5 Regional Center Program. The goal of this campaign is to demonstrate to members of Congress the unequivocal support that the EB-5 Regional Center Program enjoys and the diversity of organizations and industry sectors that are benefiting from EB-5 investment.
IIUSA urges organizations (public or private) to sign onto the “EB-5 is Working Sign-On Web Form” (click here) and to forward it to partner organizations so that they too can stand behind us in our push towards Program re-authorization.
With less than 10 months until the sunset date of September 30, 2015, the time is now to urge Congress to reauthorize the EB-5 Regional Center Program. American jobs and businesses rely on EB-5 financing for their future and it is crucial that our Representatives and Senators in Congress understand the economic impact this program has on communities all around the country.
In 2012, IIUSA sent a letter to Members of Congress urging for a bill approval for re-authorization. The letter boasted over 375 signatories from a broad range of industry sectors, demonstrating the far-reaching impact of the EB-5 Regional Center industry. Signatories included various city, county and state governments, chambers of commerce and many regional centers and EB-5 service providers, including: American Dream Fund, Fragomen, Del Rey, Bersen & Loewy, NES Financial, Miller Mayer, Wolfsdorf Immigration Law Group, Akerman, Beshara PA, EB5 Capital, Klasko Rulon Sock & Seltzer LLP, Baker Donelson, CanAm Enterprises LLC, CMB Export LLC, Cleveland International Fund, EB-5 New York State Regional Center, Whatcom Opportunities Regional Center and many, many more.
With unprecedented growth in the industry since the last push for re-authorization, we expect to gather over 500 signatories for our letter this year. FY2014 showed a tremendous increase in the economic impact of the Program, creating tens of thousands of jobs and creating hundreds of economic development opportunities with an estimated $6.2 billion in foreign direct investment through the Program.
We value your support in our efforts to communicate to Congress the dire importance of the EB-5 Regional Center Program and the need for re-authorization.