IIUSA Hosts Successful 2016 Membership Meeting in Washington, DC
Highlights included election of new officers & directors, committee reports, and a first-of-its-kind interactive session on EB-5 policyOn Wednesday April 20th, Invest in the USA (IIUSA), the national not-for-profit industry trade association for the EB-5 Regional Center Program (the “Program”), held its 11th Annual General Membership Meeting (“AGM”) in Washington, D.C. The membership meeting kicked off the 9th Annual EB-5 Advocacy Conference, the longest running EB-5 conference attended by international investment and economic development professionals around the world.
“IIUSA is proud to once again host the EB-5 industry in Washington, D.C. for grassroots advocacy, advanced education and business development opportunities,” said IIUSA President K. David Andersson. “This Annual General Meeting provides our members with opportunities to engage in policy development, select new leaders and to develop and refine organization’s priorities. I look forward to working with the newly elected leaders of IIUSA in the year ahead.”
The IIUSA membership elected one new officer and three new directors to the board. Stephen Strnisha, CEO of Cleveland International Fund, was chosen as the new Secretary-Treasurer, while Daniel J. Healy, CEO, Civitas Capital Group, Charles Foster, Chairman, Foster Global LLP and Kyle Walker, Managing Partner, Green Card Fund, LLC were elected to the board of directors. In addition, Robert G. Honts, CEO, Texas Lone Star Enterprises, accepted the honorary position of Secretary-Treasurer Emeritus.
The membership meeting also featured an interactive policy review & ratification session, committee report adoption and annual budget ratification. Members also had the opportunity to participate in focus groups and IIUSA committee meetings.
After the AGM, IIUSA hosted its 9th Annual EB-5 Advocacy Conference at the Marriott Marquis in Washington, DC – a hotel completed in 2014 with the help of EB-5 investment. The EB-5 Program emerged as a much-needed foreign direct investment into the U.S. since the financial crisis in 2008, growing by over 1,200% from a few hundred million dollars then to over a billion dollars per quarter in 2015.
Founded in 2005, IIUSA is the national not-for-profit trade association for the EB-5 Regional Center industry with a mission of advocacy, education, industry development, and research. The organization represents more than 270 Regional Centers and 190 associated members. IIUSA’s members are engines of economic growth and job creation, accounting for over 95 percent of capital flowing through the Program. Learn more at IIUSA.org.