Rich Chinese overwhelm U.S. visa program By Sophia Yan @sophia_yan March 25, 2014: 10:22 PM ET HONG KONG (CNNMoney) A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash. The number of applicants is now so great that the government might run out of
EB-5 immigrant investor program doubles impact to $3.4B Enlarge Photo Cathy Cheney | Portland Business Journal Portland Mayor Charlie Hales, left, and developer Homer Williams at the groundbreaking of a Pearl District hotel project funded by immigrant investors through the federal EB-5 program. An industry group reports the impact of EB-5 investing doubled in the
Updates Regarding EB-5 Petition Processing and Filing In February 2014, USCIS completed the transfer of all pending I-526 filings to the new Washington, D.C. area EB-5 adjudication team, which now employs 53 people, including 20 economists and 25 adjudicators, with plans for continued growth to 75 by September 2014 and 100 by several months later.
The Impact of the EB-5 Immigrant Investor Program to the U.S. Economy: American Jobs & Economic Impact of EB-5 Investments, 2010-2011 The EB-5 program contributes significantly to the US economy. It provides much needed capital to areas hit hard by the recent recession and struggling with high unemployment rates. The ripple effect of the program
Support for the EB-5 Regional Center Program The EB-5 Regional Center program is supported by mayors and local economic development officials who see the value of the program first-hand. – The U.S. Conference of Mayors recently endorsed permanent authorization of the regional center program, noting that EB-5 has become a vital source of urban redevelopment