Today, the Wall Street Journal published an article by Eliot Brown, titled: “Help Fund a Project, and Get a Green Card.”
The article highlights how the EB-5 Regional Center Program (“the Program”) is helping fund projects all over the country that otherwise would have stalled during the recession. The author of the article used a local example, New York City Regional Center, and Metropolitan Milwaukee Association of Commerce (both IIUSA Members), to highlight the impact that the Program in having on the U.S. economy – keeping project moving forward, and creating U.S. jobs in the process. It is great to see some more reporting about these important contributions to the U.S. economy at a time when our country needs it most.
While the Program is by no means the “silver bullet” for turning this economic recovery into a self sustaining one – it is an important part of the recovery policy “tool kit.” Attracting successful foreign entrepreneurs/investors and their resources to do business the U.S. will be an important of 21st economic policy and something that other countries will be trying to do as well. This is yet another example of why the Program should be made permanent as soon as possible. Otherwise, immigrant investor programs around the world, that enjoy “permanent” status, will be equipped with a convincing reason why their program is more attractive than EB-5.
President Obama used a theme of “Win the Future” in his recent State of the Union speech. IIUSA sees the EB-5 Regional Center Program as an essential part of achieving that goal.