Last month, IIUSA responded to a letter from the Office of the Honorable Senator Tom A. Coburn, M.D. inquiring about the EB-5 Regional Center Program (the “Program”). IIUSA welcomes discussion of the increasing economic contribution of the Program in diverse communities and industries across the country. We further welcome the opportunity to discuss how the Program can be improved and its integrity protected so this growing economic contribution can continue permanently.
To View a Copy of IIUSA’s response letter, click here.
Documenting the EB-5 Regional Center Program’s Economic Impact
As the trade association representing more than 150 EB-5 Regional Centers, IIUSA welcomes the support from members of Congress to protect and strengthen the EB-5 Regional Center Program which creates jobs and spurs economic development in the U.S. at no cost to taxpayers.
A comprehensive, peer-reviewed economic impact study commissioned by IIUSA finds that the EB-5 Program contributed $3.39 billion to U.S. GDP and supported over 42,000 U.S. jobs during fiscal year 2012, while generating over $712 million in federal/state/local taxes. This is more than a double the annual impact reported for 2011, and we expect even greater impact in 2013. To read the press release with more details on the 2012 economic impact report, click here.
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