The newspaper released an article on the economic effect had by foreign investors through the EB-5 program.
"Right now there are 10,000 green cards available through the program each year and around 85% of the investments come from China. That means that just over 3,000 investments, on average, are pumped into the economy -- allotting for around $1.5 billion nationally."
One successful example of the program is Kai Lu and his wife, Helen Shu, from Suzhou, a congested suburb of Shanghai. Lu invested $500,000 into a U.S. investment and eventually moved to the U.S., where their 4 year old daughter, Qingyan, now attends school. "Through their $500,000 investment, the couple is able to live the American dream. They even have a single-family home with a yard. It's something they could never have done in Suzhou."
The EB-5 Process:
Deposit $500,000 USD and application fee in escrow
STEP 2: I-526 APPROVAL PROCESS
Submit I-526
STEP 3: CONDITIONAL GREEN CARD
I-526 Approval
Receive a "Conditional" green card good for 24 months
STEP 4: I-829 APPROVAL PROCESS
Submit I-829
I-829 Approval
Your "Conditional" status is removed
The program has been so successful that the federal government is considering raising or lifting the cap on investments. To learn more about the process, click here.