Thursday, April 22, 2010
EB-5 Program sputtering
The EB-5 Program should be creating jobs like there's no tomorrow, but it's not. Why not? Because it is in the wrong federal agency. U.S. Citizenship and Immigration Services has no economic development mission and is hostile to the EB-5 Program. Only Congress can fix this. 350 investor visas issued during the last federal fiscal year ending October 1. Come on! Surely somebody in Washington is getting this.
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I agree with you that the EB-5 Program should be taking off if it is handled more broadly. It's shame because EB-5 Program is one of the immigration programs that really does not hurt American workers or U.S. resources. Oh well . . .
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