This months edition, features discussion of hot-button issues for EB-5 stakeholders, with a focus on the data, projects & people behind record-breaking economic impact.
Over the past few years the EB-5 Regional Center industry has helped to fuel tremendous growth in our country. IIUSA is committed to demonstrating the ever-increasing economic impact of the EB-5 Program by using reliable data and proven, scientific statistical methodologies to calculate this impact. In May, IIUSA released its FY2013 economic impact study, the association’s third report of this kind. The study tells the story of EB-5 capital as a regional economic driver, and it is grounded in hard data that is reported to the federal government. The study found that the EB-5 Program pumped approximately $1.998 billion dollars in investment into the American economy, contributing $3.58 billion to U.S. GDP and supporting over 41,000 jobs for U.S. workers. These numbers are astounding, not to mention the near $2.0 billion invested through the EB-5 Program in the first two quarters of FY2015.
In the few months remaining until the EB-5 Program “sunset” date on September 30th, these numbers, and more importantly the stories of regional economic development behind these numbers, are the ones lawmakers should be tuning in to. This issue of the Regional Center Business Journal aims to highlight the profound benefit and impact of this industry on American communities. Articles explore past economic impact based on scientific analyses, methodologies for measuring that impact, and the economic fundamentals that should inform prudent policy making. Given the current heated legislative and political climate for the EB-5 Program, this edition also features what IIUSA is doing to engage, inform and rally grassroots supporters.
Featured Articles Include:
- The Path to Reauthorization of the EB-5 Regional Center Program: A Time for Industry Confidence, Unity & Vigilance by Peter D. Joseph, Executive Director, IIUSA
- IIUSA EB-5 Advocacy Conference and Membership Meeting Summary by Allen Wolff, IIUSA Associate Director, Marketing & Communications
- Association Building Committee Pushes Full Speed Ahead to Reauthorization by Ashley Sanislo Casey, IIUSA Advocacy/ Research Coordinator
- What would the U.S. be like without EB-5? by IIUSA Staff
- Effects of the Proposed Leahy-Grassley Bill Double Jeopardy: The Risks of Early EB-5 Repayment by Scott Barnhart, PHD, President, Barnhart Economic Services, LLC, Cora Barnhart,PHD, Vice President, Barnhart Economic Services, LLC, Alan W Hodges, PHD, Extension Scientist and Director of Ecnomic Impact Analysis Program, University of Florida Food and Resource Economics Department
- IIUSA Best Practices Committee: 2013-2015 in Review by Dan Healy, Civitas Capital Group
- Double Jeopardy: The Risks of Early EB-5 Repayment by Michael G. Homeier, Homeier & Law, P.C., Parisa Karaahmet, Fragomen, Del Rey, Bernsen & Loewy, LLP
- Five Approaches to Successful EB-5 Banking by Bonnie Novella, CAIA, VP Business Development, NES Financial
- EB-5 Program Generates over $980 Million in Foreign Direct Investment in Second Quarter of FY 2015 by Lee Li, IIUSA Policy Analyst
- Summary of USCIS EB-5 Interactive Series Call: Expenses that are Includable (or Excludable) for Job Creation by Michael Kester, Economist, Impact Datasource, LLC
- Economic Multipliers in the EB-5 Arena: Voodoo Economics or Sound Economic Practice? by Scott Barnhart, PHD, President, Barnhart Economic Services, LLC, Cora Barnhart,PHD, Vice President, Barnhart Economic Services, LLC, Alan W Hodges, PHD, Extension Scientist and Director of Ecnomic Impact Analysis Program, University of Florida Food and Resource Economics Department
- Targeted Employment Areas: Data Changes for Census Tracts and the Increasing Uncertainties of Eligibility by Michael Kester, Economist, Impact Datasource, LLC
- SEC Censures Unregistered EB-5 Broker Activity by Robert Ahrenholz ESQ., Partner, Kutak Rock, LLP , Mariza McKee Esq., Partner, Kutak Rock, LLP.
- Emerging EB-5 Markets Spotlight: India, by McKenzie Penton, IIUSA Membership Development Assistant
Interested in Adverting in the RCBJ?
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