To Maintain ‘Business as Usual’ Across the Country, We Need a Robust Investor Visa Program | Letter to the Editor

Kenric Ward’s “Inside the Beltway” contribution does not describe the EB-5 visa program that I know (“On Capitol Hill, It’s Business as Usual for Investor Visas,” Roll Call, Sept. 2). While he’s right to point out that the program has broad bipartisan backing, the reasons for that support are far less cynical than he would have you believe: simply put, EB-5 creates jobs and is transforming communities through the power of economic development. According to a 2014 Brookings Institute report, the program has created at least 85,000 jobs since its creation in 1990. A more recent analysis of the program from the EB-5 Investment Coalition (EB-5IC), a trade group of which I am a member, shows EB-5 generated $5.2 billion in private investment between 2005 and 2013 and created at least 31,000 jobs in 2013 alone without any investment from taxpayers.

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