Why the EB-5 'Investor Visa' is Good for America

Why the EB-5 'Investor Visa' is Good for America

"A fundamental tenet of the EB-5 program is job creation, which is often minimized by program critics.  There are economic citizenship programs available in some countries through which an individual can buy a passport for a price.  However, the EB-5 program requires much more in that the investment required to put one on the path to permanent residency must, amongst other things, create jobs and be at risk.  As such, the “green card for sale” concept is flawed and oversimplifies the EB-5 process.  According to statistics published by IIUSA, the industry trade association for the EB-5 Regional Center Program, almost 100,000 jobs have been created for US workers through the EB-5 program, with nearly $5 billion in capital infused into job creating enterprises in the United States since 2005.  These figures should be viewed against an increasingly common backdrop of outsourcing and offshore back-office operations.  Should we not welcome a program that creates US jobs and infuses a lagging economy with much needed capital?" - K. Lara Baharlo, Mar. 15, 2013.