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EB-5 facts: 30,000+ jobs created per year

In a series of recent blogs, we explored common EB-5 myths to reveal the facts about the EB-5 program:

The rapid growth of the EB-5 program has prompted increased public attention to EB-5. However, misconceptions about the EB-5 program can damage its reputation and undermine its positive impacts.

At its core, EB-5 is a job creation program, and a highly successful one at that.

An independent report commissioned by the EB-5 Coalition estimates that the EB-5 program is currently creating over 30,000 jobs per year.

[1]

On an annual basis, the industry is contributing more than $1.6 billion in foreign direct investment and contributing over $2.5 billion to GDP.[2]

The EB-5 program creates these jobs at no cost to the U.S. taxpayer.

In contrast, each job created or preserved under the American Recovery and Reinvestment Act of 2009 was estimated to cost taxpayers between $185,000 and $278,000.[3]

Critics of EB-5 often fail to recognize the successes of the EB-5 program; in reality, its benefits far outweigh its flaws.

[1] Hamilton Place Strategies & U.S. Policy Metrics commissioned by the EB-5 Investment Coalition, “Harnessing Private Capital For Job Creation: An Analysis of the EB-5 Program,” June 2015, page 1.

[2] Alward Institute for Collaborative Science commissioned by Invest in the USA (IIUSA), “The Economic Impact and Contribution of the EB-5 Immigration Program 2013,” May 2015, page 5.

[3] Council of Economic Advisers, “The Economic Impact of the American Recovery and Reinvestment Act of 2009,” July 1, 2011, page 1.

2017-02-14T20:30:18+00:00 March 24th, 2016|Categories: EB-5|Tags: , , , |