EB-5 Visas: A Smarter, Cleaner Plan For Regional Economic Development

The EB-5 Immigrant Investor Visa program—created as part of the Immigration Act of 1990—allocates 10,000 green cards per year to foreigners who invest $1 million (or $500,000 in a targeted employment area) in qualifying U.S. businesses that create or preserve at least 10 jobs. Three thousand green cards are set aside annually for designated “regional centers” as part of the EB-5 Regional Center Pilot Program created by Congress in 1992 with the purpose of concentrating pooled investments in defined economic zones.

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