At the request of U.S. Citizenship and Immigration Services (USCIS), the Economics and Statistics Administration (ESA) of the Department of Commerce conducted an assessment of the EB-5 Program to determine its size and its contribution to the U.S. economy. The EB-5 Program provides qualified foreign investors with the opportunity to earn “conditional” immigrant visas in return for investing $500,000 in businesses located in high unemployment areas that create or retain at least ten permanent full-time jobs for U.S. workers.
Published on January 10, 2017, the ESA report (click here) examined 134 active EB-5 projects operated through Regional Centers during FY 2012 and FY2013. It shows that an estimated 169,759 jobs were expected to be created from total investment of $16.4 billion. A significant percentage, 66% or $10.9 billion, of the investments came from non-EB-5 sources of capital, which include equity from project developers, commercial loans, and investment from other project participants. ESA noted further that by including jobs associated with non-EB-5 investor sources of capital, each immigrant investors associated with the Regional Center Program was creating 16 jobs for the U.S. workers. Hence, the EB-5 Program is a win-win job creation program that receives bipartisan supports.