{"id":3573,"date":"2015-04-07T18:59:18","date_gmt":"2015-04-07T18:59:18","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=3573"},"modified":"2019-04-14T19:27:58","modified_gmt":"2019-04-14T23:27:58","slug":"five-changes-us-eb-5-program","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/five-changes-us-eb-5-program\/","title":{"rendered":"Five Changes Demanded by Critics Seeking Reform of the US EB-5 Program"},"content":{"rendered":"
Calls for reforming the US investment immigration program are increasing with the EB-5 program coming under criticism for deviating from its original purpose. Growing demand for a hike in the minimum investment required under the program is being justified on the grounds that immigrants should be required to pay more money to become residents of the most developed country in the world.<\/p>\n
Currently, foreign investors can obtain green cards, which offer permanent residency to the holder in the USA, by investing a sum of $1 million in a project that results in creation of just 10 permanent jobs. The minimum investment requirement is reduced by half if investors invest in a rural area or choose an urban area that has 1.5 times the national unemployment rate. The latter option too requires the creation of 10 jobs from the project.<\/p>\n
A special report by Seattle Times discovered that EB-5 rules related to high unemployment areas are being bypassed by combining small census blocks plagued by high unemployment rates with a location or destination with a strong economy. Most EB-five program projects are being, as a result of this interpretation, constructed in regions with strong and healthy economies.<\/p>\n
There is a growing perception that the original intention of the program is being bypassed, which has the effect of undervaluing the importance of acquiring the right to reside in a country like the USA. Enacted in 1991, the EB-5 program is set to come up for renewal in September 2015. It is currently undergoing an audit by the Government Accountability Office.<\/p>\n
In 2011, lawmakers sponsored a bill seeking to convert the program into a permanent part of the immigration policy. Lawmakers have indicated that they will support the continuation of the EB-5 program. Supporters say that the program plays a significant role in creating jobs in the country. However, critics are seeking the following changes as a condition of renewal of the program.<\/p>\n
Source: Seattletimes<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Calls for reforming the US investment immigration program are increasing with the EB-5 program coming under criticism for deviating from its original purpose. Growing demand for a hike in the minimum investment required under the program is being justified on the grounds that immigrants should be required to pay more money to become residents of…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454,347],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-VD","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/3573"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=3573"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/3573\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=3573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=3573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=3573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}