Over the last year, there has been a lot of uncertainty in the EB-5 industry, but that has not stopped our members from delivering on their promise to bring much-needed capital to communities throughout the country to drive economic development and create American jobs. Sometimes lost in the other media chatter about the Program, below are some positive perspectives of the EB-5 Program that have been highlighted in local and national media over the past year. We are proud to have these organizations as members and commend the work they do to bring investment to all corners of our country through the EB-5 Program. Take a look at these articles which bring to life the important narrative of job creation, investment, and community development and revitalization.
EB-5 in the News
(Picture credits: Jared Soares/For The Washington Post, Getty Images, AP Photo/Alan Diaz)
How Foreign Investors are Transforming a Long-Forgotten D.C. Neighborhood
Washington Post, 11/22/2017
“All [of the projects] were partially financed — between 15 and 64 percent — by foreign investors after banks declined to fully back the projects, which are on the other side of the tracks from where most development was occurring.” Angel Brunner, President, EB5 Capital
Immigrant Investment Program; Governor’s Race; Neighborhood Investment
Cleveland WVIZ IdeaStream (3:30-10:15), 05/15/2017
“We often are not the only part of the capital stack but typically a very needed slice of the financing that can make a project a go or no-go situation.” – Steve Strnisha, CEO, Cleveland International Fund
How our Nation’s Immigrants can Fund American Infrastructure
The Hill, 04/21/17
“EB-5 has proven itself an effective tool for states, cities, and municipalities to leverage as replacement for those otherwise lost redevelopment dollars.” – Michael Halloran, Founder and CEO, NES Financial
Immigrant Visas Mean Job Creation
New York Times, 05/18/2017
“Through EB-5, my company has helped end “food deserts” in Washington, D.C., financed hotels to support a growing international airport, and invested in new retail, residential and senior living facilities that have helped restore abandoned historic properties and revitalize long-neglected neighborhoods.” – Angel Brunner, President, EB5 Capital
Where Immigration, Jobs and Infrastructure Meet
Washington Examiner, 04/27/2017
“It’s a common sense program in the middle of immigration, jobs and infrastructure.” Leon Rodriguez, Partner, Seyfarth Shaw and former USCIS Director
