EB-5 Program in the News

The Washington Post and Forbes (followed by ABC Money) came out this weekend with articles on the EB-5 program: Immigrants invest in U.S. businesses in exchange for visas and A Precious Capital Source For Small Biz. Though Forbes refers to EB-5 as “a quick-and-dirty-U.S.visa” and notes complaints that “EB-5 runs about as efficiently as the DMV,” the articles are mainly positive and include favorable interviews with investors, regional centers, and elected officials. I was interested to see confirmation of the statistic that 70 percent of immigrants granted investor visas in fiscal 2009 were from China or South Korea.