EB-5 Regional Centers
I
t is essential that the EB-5 regional
AN INDISPENSABLE
ECONOMIC
DEVELOPMENT
TOOL IN THE
21ST CENTURY
the U.S. from across the world thanks to the
By Peter D. Joseph
program. During this time, and especially in
center industry work toward reform,
improvement and reauthorization of the
program to achieve a more efficient and
sustainable program for the future and to
ensure it can continue, without a lapse, to
provide investment and jobs to American
communities, both big and small.
From 2005 to 2015, over $15 billion in foreign direct investment (“FDI”) flowed into
the years that followed the Great Recession,
Securities counsel to EB-5 issuers
[email protected] • + 1 (206) 257-2107
Kingston Petersen • 93 South Jackson Street • Seattle WA 98104
the program became a potent economic development tool for diverse communities and
The EB-5 Regional Center
industries across the country. More than $14
Program is responsible for tens
billion of over $15 billion in EB-5 capital was
of billions of dollars in capital
invested in the U.S. in the years following the
investments and tens of thou-
financial crisis of 2008.
sands of American jobs. It’s critical
for lawmakers to understand the
Today, the EB-5 regional center industry needs
detrimental consequences to the
to lead the stakeholder community in educating
U.S. economy if they allow EB-5
the government, media, and public about the im-
to lapse or expire.
portant work going on across the country thanks
to the program—creating vital American jobs at
no cost to taxpayers.
With the September 30 expiration date for the
program fast approaching and the presidential and
congressional election campaigns dominating the
Our Experience Sets Us Apart
TOP 25 ATTORNEYS, LEADERS IN THE FIELD
■
PUBLISHED AND RENOWNED AUTHORS
■
ADJUNCT PROFESSOR AT NY CITY UNIVERSITY
■
HIGHLY EXPERIENCED IN EB-5 AND U.S. IMMIGRATION LAW
news, it can be difficult to cut through the noise to
navigate how we can best pursue a future of growth
and opportunity in this industry.
I have seen firsthand the challenging yet rewarding
work industry stakeholders like you do to harness the
opportunities that flow from globalization to address
economic issues in your communities. Thanks to our
shared success in building this multi-billion dollar EB-5
capital market, regional centers will play an integral role
in the U.S. economy for years to come. But we must
remain diligent in our advocacy, education, and self-regulatory efforts, as detailed below, to ensure that EB-5
regional centers are able to continue and increase their
contributions to the nation.
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