This EB - 5 job visa program brings in the foreign wealth into the country and also helps to finance the countless development projects through public and private partnerships. Americans are put to work and it also helps in funding the infrastructure energy production, health care facilities, development of real estate, production of energy, charter schools, hotels, ski resorts and manufacturing plants, etc.
This EB -5 visa program has generated around $5.2 billion since 2005 till 2013. And in the year 2013 alone, its $1.6 billion investments have generated 31,000 jobs based on the program’s minimum requirements. There were more than 31,000 new jobs created in 12 states in the last 12 months.
When the economy was slowing down in 2008, this EB -5 visa program offered the developers a foundation for moving ahead project like construction, when the federal laws like Dodd-Frank Act and the banks prohibited the lending.
Even though the program had some problem, the authors have addressed them and added some provisions for ensuring the integrity of the program.
