The U.S. Department of Commerce, Economics & Statistics Administration (ESA) issued a report last week on foreign direct investment (FDI) and its current economic impact on the U.S. economy. It also highlights the bright future FDI could have in the national economy.
EB-5 capital is FDI. It is FDI that is creating U.S. jobs all over the country, at NO COST to the American taxpayer. The EB-5 Regional Center Program is on pace to account for over $1 Billion in FDI, creating or saving over 20,000 U.S. jobs at a minimum, in FY2011 alone. With capital markets still timid, and unemployment stuck above 9%, there is no question that this program must be made a permanent tool of 21st century economic policy.
The link below has IIUSA historical data for how much FDI the Program has accounted for since 2003.
It is also important to note that EB-5 FDI, given its inherent liquidity, serves at the catalyst for leveraging other financing. Taking that into account dramatically raises the much needed economic impact that the Program is having across the country.
The office that promotes FDI into the United States is the Invest In America, International Trade Administration, U.S. Department of Commerce. Their Director, Aaron Brickman, will be a keynote speaker at the IIUSA EB-5 Regional Center Advocacy Conference & USCIS Quarterly EB-5 Engagement in Washington, DC 9/14-9/15. Don’t forget to register!