The
EB-5 immigrant investor program administered by the USCIS is – for the second
time this year – in need of congressional reauthorization in order to continue
to operate. Over the past 5 years, CiF has used the EB-5 program to raise $220
million for job creating, catalytic investment projects in the Greater
Cleveland area. However, if Congress does not renew the program on or before
December 11, 2015, the EB-5 program will lapse and CiF will no longer be able
to attract foreign investment capital to the area using EB-5.
Wednesday, November 4, 2015
Summary of Industry-Supported Reforms to the EB-5 Program
The
EB-5 immigrant investor program administered by the USCIS is – for the second
time this year – in need of congressional reauthorization in order to continue
to operate. Over the past 5 years, CiF has used the EB-5 program to raise $220
million for job creating, catalytic investment projects in the Greater
Cleveland area. However, if Congress does not renew the program on or before
December 11, 2015, the EB-5 program will lapse and CiF will no longer be able
to attract foreign investment capital to the area using EB-5.
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