12 Jan EB-5 Viable Option to Improve Unemployment Rates
January 12, 2012
With the U.S. Bureau of Labor Statistics reporting a decrease this month in unemployment to 8.5%, the economy has been in a forward trending direction since September. A large part of this is due to the market slowly regaining confidence and demand for the labor force growing as a result. However, The Wall Street Journal recently reported that the U.S. unemployment rate is to remain above 8% through 2012, as the economy continues to take steps toward improvement. With this being said, one cannot overlook the influence the EB-5 Program has had over the unemployment rates over the past year and can have in the future.
The EB-5 program allows foreigners to invest in United States, USCIS Approved, projects that stimulate the U.S. economy. EB-5 participants will make an investment of $500,000 to $1,000,000 USD into a U.S. project that will create at least 10 jobs for U.S. citizens from the said investment. In return, the investor will receive a return on their investment, as well as a conditional United States Green Card. This can be obtained for the investor, their spouse, and any unmarried children up to 21 years of age.
The EB-5 Program has issued 3,706 visas through September 12, 2011, well over 3.5 times as many issued for all of 2007, according to the USCIS. If each of the said visas create 10 American jobs, the EB-5 Program will be looking to add at least 37,000 jobs within the next two years. Likely add another 10,000+ jobs to this figure to include the remainder of 2011 to the totals.
The Wall Street Journal further reported that the U.S. economy will not return to pre-recession unemployment figures, below 6%, until after 2015.With these types of figures forecasted, it proves that the EB-5 Program is a vital piece to continuing to create jobs and fund projects at little to no cost to the American citizens.
For more information on the EB-5 Program, please visit www.flregionalcenter.com.