On November 19th, the Churchill Society of America held a one-day seminar in Bellevue, WA focused on China and U.S. bilateral business investment. The EB-5 Program was discussed within the context of the growing economic and people-to-people ties between the United States and China with a particular focus on investment into the Pacific Northwest.
On the first of two panels titled “FDI, Macro-Economic Policy, TPP, and Impact on the Local Economy” IIUSA President K. David Andersson discussed how the growth of the EB-5 Program has positively impacted communities throughout the state of Washington. In fact, according to IIUSA’s peer-reviewed economic impact studies, from FY2010 to FY2013, EB-5 investment has contributed over $240 million to the state of Washington in foreign direct investment (FDI) and supporter nearly 3,000 jobs – at no cost to the taxpayer. Mr. Andersson had the privilege of presenting alongside Seattle mayor Ed Murray and Bellevue (WA) mayor Claudia Balducci, who both spoke highly of the Program’s impact on their respective cities.
Later in the evening, IIUSA Director Cletus M. Weber (Peng & Weber PLLC) and Director Emeritus Henry Liebman (American Life, Inc) presented on the panel titled, “Cities, Business and Companies” This session focused closely on the people and companies that are at the front-lines of cross-cultural and transPacific investments.