such projects ’ create jobs and increase capital flows . Regulators and legislators have become integral members of the immigrant growth machine because of their efforts to target foreign populations as potential sources of capital and potential partners for economic development plans . They often support the pursuit of EB-5 investment , and lead efforts to improve the program to make it more effective as an economic development tool and more palatable to their constituents .
In conclusion , the presence of immigrant growth machines across the United States explains the phenomenon of economic growth spurred by foreign nationals primarily in urban areas of the country .
As an economic development program that raises capital and creates jobs through coalitions of immigrant entrepreneurs and economic development stakeholders , the EB-5 Immigrant Investor Program serves as an integral component of the immigrant growth machine , and a vital tool that can be used to transform communities nationwide .
In the coming months , as the nation debates the role of immigrants in the United States economy , it is important to recognize the successes of the immigrant growth machine , and the contributions that coalitions between immigrants and economic developers have made to spur growth throughout the economy .
Edward Smith , Ph . D . is a member of the research team at Wright Johnson , LLC . He is currently expanding the scope of his doctoral research on the EB-5 program while providing EB-5 advisement to both clients and industry stakeholders . Prior , Smith served as Deputy Director of Development and Planning at the Brooklyn Navy Yard where he helped bring in millions in EB-5 investment and thousands of jobs to the project . A former Coro fellow , Smith has also worked to promote sustainable community development within the United States and overseas .
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Molotch , H . ( 1976 ). The city as a growth machine : Toward a political economy of place . American journal of sociology , 309-332 .
Smith Jr , E . S . ( 2015 ). State-level determinants of EB-5 Investment : a cross-sectional analysis ( Doctoral dissertation , University of Delaware ).
Pierson , D . ( 2016 , August 26 ). They built towering new cities in China . Now they ’ re trying it in downtown L . A . - LA Times . Retrieved from http :// www . latimes . com / business / la-fi-0825-china-dtla-snap-story . html
Kim , E . ( 2015 , September 21 ). Why the Chinese Market Crash Might Be Good for Downtown . Retrieved from http :// www . ladowntownnews . com / news / why-the-chinese-market-crash-might-be-good-for-downtown
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