(Source: IIUSA)
CHICAGO, February 1, 2012 – The Association to Invest In the USA (IIUSA), the trade association for the EB-5 Regional Center Investment Pilot Program, today celebrates a new historic high in Program utilization for the first quarter of FY2012. US Citizenship and Immigration Services recently reported 2,364 EB-5 visas issued in the first three months of the current federal fiscal year. This equates to at least 10,000 new jobs for American workers. At this pace, the 2012 Program will come close to using its 10,000 annual visa allocation for the first time since the Program’s inception in 1994. 10,000 EB-5 Visas would mean at least 40,000 new jobs for US workers.
CHICAGO, February 1, 2012 – The Association to Invest In the USA (IIUSA), the trade association for the EB-5 Regional Center Investment Pilot Program, today celebrates a new historic high in Program utilization for the first quarter of FY2012. US Citizenship and Immigration Services recently reported 2,364 EB-5 visas issued in the first three months of the current federal fiscal year. This equates to at least 10,000 new jobs for American workers. At this pace, the 2012 Program will come close to using its 10,000 annual visa allocation for the first time since the Program’s inception in 1994. 10,000 EB-5 Visas would mean at least 40,000 new jobs for US workers.
At a time of limited liquidity around the United States, the EB-5
Regional Center Investment Pilot Program is finally coming of age.
Globally integrated marketplaces now facilitate the exchange and
migration of capital, resources and people across international borders
at an ever-increasing rate. As a result, the Program is able to account
for more foreign direct investment now available for American job
creating enterprises than ever before.
“These recent numbers confirm the trends that our industry has
been seeing for the last couple of years.” said K. David Andersson,
President, IIUSA, “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.”
Despite its record setting statistics and growing economic impact, the
EB-5 Regional Center Investment Pilot Program is due to expire in
September 2012, absent action from Congress. IIUSA estimates failure to
reauthorize the Program in a timely manner would squander a golden
opportunity to create over 100,000 new U.S. jobs through investment
losses of at least $10 Billion in foreign direct investment over the
next five years. IIUSA calls on Congress to support our efforts to
create new jobs by immediately passing permanent reauthorization of the
EB-5 Regional Center Pilot Program.
