blog

EB-5 Popularity Continues to Grow

EB-5 Popularity Continues to Grow

The EB-5 program in the United States has been so vastly popular for number of reasons. There are obvious benefits to the investor, but what are the benefits to the United States?

The EB-5 program has created over 100,000 jobs in America, with 33,000 created in 2012 alone, according the American Immigration Lawyers Association (AILA) report. The wildly successful program has also provided billions of investment dollars, mostly in high unemployment and rural areas. The program has widespread support from the government, ensuring that the program continues to grow and be beneficial to everyone involved. At the annual U.S. Conference of Mayors Meeting last year, the mayors issued a resolution that Congress authorizes more visas for the program to create additional US jobs.

Various U.S. industries have been supported through the program since its inception in 1993, such as hotels, real estate, construction, student housing, hospitals, and electric power and natural gas.

The EB-5 program in the United States has been under watchful eye, in a good way, as economists analyze the positive impact of the program on the American economy. Results have surpassed expectations. It has proven itself as a vital source of urban redevelopment, and coupled with news of the Canadian EB-5 program shutting down in February, the U.S. program appears to be only growing.