02 Feb Historic Highs Hit for the EB-5 Program
February 2, 2012
The recent statistics released by the United States Citizenship and Immigration Services (USCIS) have stirred even more interest in the EB-5 Program. USCIS reported that an estimated 2,364 EB-5 Visas have been issued in the first quarter of the 2012 federal fiscal year. These issued visas will equate to at least 10,000 new jobs for American workers. If this pace continues to grow, this would be the first time in the 17 year history of the EB-5 Program that the 10,000 annual visa allocation could be entirely used. The issuance of 10,000 EB-5 Visas would mean the creation of at least 40,000 new jobs for U.S. workers.
Mr. Andersson, President of Association to Invest In the USA (IIUSA), stated, “these recent numbers (released by the USCIS) confirm the trends that our industry has been seeing for the last couple of years.” During these harsh economic times and strict lending policies by financial institutions, the EB-5 Visa Program has finally taken a major step forward to being a mainstream source of project funding. As marketplaces have become more globally connected, it has become easier to account for direct foreign investment, ultimately allowing a greater number of investors to easily choose the EB-5 Program to immigrate to the United States of America.
“We are a functioning example of 21st century economic development policy that works. Thanks to the Regional Center Investor Pilot Program, thousands of Americans are employed today, and at no cost to the American taxpayer. This Program needs to be a permanent part of the American economic development toolbox,” stated Mr. Andersson. Notwithstanding the programs recent success, the EB-5 Program is still due to expire September 2012 if Congress does not take action. With estimates of over 100,000 U.S. jobs to be created and at least $10 Billion in direct foreign investment over the next 5 years, the U.S. Congress would be making a huge miscalculation by not voting to extend this beneficial program. The Florida Regional Center is working with the IIUSA, as well as local, state, and national legislators to ensure that the program becomes a corner stone for the American Economy and Immigration.
To learn more about the EB-5 Program, please visit: www.FLRegionalCenter.com