Congress established the EB-5 visa program in 1990 to attract foreign direct investments to the United States as a job-creating stimulus. In exchange for making job-creating investments, EB-5 participants would be given a chance to immigrate. Since then, it has become a compelling financing tool for New York City, including at infrastructure projects on Staten Island and at mixed-use and residential towers in Queens and Brooklyn.

Source: https://www.crainsnewyork.com/op-ed/immigration-restrictions-likely-hurt-major-construction-projects

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