Forbes contributor Jeffrey Steele shares insights on why EB-5 stakeholders and the country should want to see the EB-5 Regional Center Program reformed and reauthorized before June 30, 2021, not the least of which is the fact that EB-5 has historically created hundreds of thousands of American jobs while injecting billions of dollars into the U.S. economy.
Why Stakeholders Want The EB-5 Visa Program Continued
by Jeffery Steele, Contributor, Forbes
The Immigrant Investor Program, known by its abbreviated moniker EB-5, has over its three-decade existence grown into a critical source of investment in U.S. development projects. It has generated more than $41 billion in capital investment, saving and creating more than 820,000 U.S. jobs.
This powerhouse of an economic development program is capable of immensely benefitting the nation’s economic recovery by injecting billions of non-Treasury dollars into the American health care, hospitality, education, real estate, retail and restaurant industries, as well as much needed infrastructure improvements.