Despite Growing Economic Benefits that Accompany the Increased Popularity of the EB-5 Investor Visa, the Program Faces Congressional Review for Renewal in 2015  

 

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The EB-5 visa offers foreign investors a chance to live in the United States and become U.S. citizens in exchange for providing $500,000 to $1 million in capital and creating at least 10 new jobs in the U.S. Although the cap for investor visa has never been reached, the State Department recently announced that the EB-5 Immigrant Investor Program reached its cap of 10,000 visas for the 2014 year.  The EB-5 program sometimes raises concerns that it provides immigration privileges to wealthy investors and can be susceptible to fraud. However, a Brookings Institution analysis found that the EB-5 program has created 85,500 full-time jobs and brought $5 billion of investment monies over the 25 years that the program has been implemented.  Despite this good news, the program is not permanent and is set to expire in 2015 unless Congress renews it.

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