A coalition of business organizations is urging Congress to extend the EB-5 Regional Center program.<\/p>\n
The EB-5 investor visa program allows a foreign national to obtain a green card if he or she invests money in the United States which creates jobs in the United States. An individual must invest $1 million, or $500,000 in certain rural or high-unemployment areas, and create or preserve at least 10 U.S. Worker jobs. The foreign national can invest directly in his or her own project or in a government approved Regional Center. A Regional Center assembles and manages EB-5 investment projects and an investment in a Regional Center project can count direct and indirect job creation.<\/p>\n
Critics of the EB-5 program say that it has fraud and security risks. Without action by Congress, the program will expire on September 30, 2016. The organizations said in their letter to Congress that the program has (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A coalition of business organizations is urging Congress to extend the EB-5 Regional Center program. The EB-5 investor visa program allows a foreign national to obtain a green card if he or she invests money in the United States which…<\/span><\/p>\n