Enduring EB-5 regional center a blueprint for success
The EB-5 visa program has been the focus of increasingly more media reports entering the new year for two main reasons: 1) the national unemployment continues to straddle the all-too-high benchmark of 10 percent and companies remain starved for investment and 2) the number of immigrants who have obtained EB-5 visas jumped from 1,443 in 2008 to 4,218 in 2009, according to the State Department.
While foreign investors and U.S. companies alike are just starting to investigate the potential of the EB-5 visa program, the experiences of some speculators represent time-tested success stories.
Henry Liebman is the co-founder of American Life, one of the oldest EB-5 regional centers in the country, ABC News reports.
Under the EB-5 Regional Center Investment program, approved private enterprises as a whole dole out up to 3,000 green cards each year for foreign investors for employment in a specific geographic area.
According to the news source, Leibman raised more than $40 million for American Life through the immigration program between 1996 and 1998, which has compounded to more than $100 million after subsequent investments.
For a foreign national to receive an EB-5 visa, he or she must invest at least $500,000 in U.S. business and create at least 10 jobs in an economically depressed region.