We have discussed the EB-5 Immigrant Investor Program in previous posts. These visas make it possible for qualifying foreign investors to move to the United States with their families. In an earlier post we mentioned that the program can be beneficial to not only the foreign investors, but residents of the U.S. as well. In this post we will focus on the benefits the program provides to the U.S.
Investors who take part in this program agree to invest in regional centers which are created in areas of the U.S. that are experiencing problems with high unemployment. Specifically, the unemployment rate is at least one and a half times the national average. As an alternative, they may invest in a rural area with a lower population.
The results of a study commissioned by Investing in the USA were recently released. The study focused on the economic impact the EB-5 investor visa has had on the nation. Overall the study concluded that the program creates jobs and develops regional economies without cost to the taxpayer. More specifically, it found that during fiscal year 2013, the program supported more than 41,000 jobs and contributed to $3.58 billion to the U.S. gross domestic product.
According to the report, during FY 2013, EB-5 program investments were made in the construction of new:
- Commercial structures.
- Healthcare structures.
- Multifamily residential structures.
In addition, the motion picture and video industry also received investments via the program.
The EB-5 immigrant investor program is one of multiple ways in which someone from another country might secure a visa and ultimately a green card. For assistance in this or any other immigration matter a lawyer can be of assistance.