Earlier this month, the Federal Reserve Bank of Boston profiled the article “The EB-5 Visa Program for Immigrant Investors” under its Communities & Banking section of its website. Co-written by Audrey Singer, Senior Fellow at the Brookings Institution and Kim Zeuli, Senior Vice President and Director of the Research and Advisory practice at the Initaitive for a Competitive Inner City (ICIC), the article discusses how regional economic development professionals can take steps to educate themselves about the complex processes of the EB-5 Program. Also, authors highlight the importance of aligning interests among key municipal actors, regional center & development partners can bring much needed job creation and economic development to communities around the country.
Other federal reserve banks have been closely exploring the EB-5 Program over the past few months. In October, the Federal Reserve Bank of Atlanta highlighted the EB-5 Program on its Real Estate Research blog, discussing the mechanics of the Program.
In September, IIUSA Executive Director Peter D. Joseph moderated an EB-5 seminar hosted by Federal Reserve Bank of New York in Syracuse, NY. The one-day event presented an overview of the EB-5 program, discussed typical EB-5 deal structures and EB-5 visa availability as well as examples of successful projects in New York state.