Paul Quinn College has long been a beacon of hope for its students and the surrounding Highland Hills neighborhood, one of many investment-poor areas of southern Dallas. To strengthen this historically black college’s bond with students, staff and the surrounding community, a public-private partnership is planning a high-quality early childhood education center and a neighborhood affordable housing project. It’s a worthy project, funded in a unique way: using money from foreign investors.
This project and many more like it across Texas has been funded by the EB-5 Immigrant Investor Visa Program, commonly called “EB-5.” Simply put, the program raises money from overseas investors and puts it into job-creating projects. As important: EB-5 doesn’t cost taxpayers a dime.
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